Museums and documentaries make money and are supported by basic principles of Capitalism...
Noooooo they do not - at least not most of them. Even the ones that charge admission (many don't) are still largely supported by philanthropy. I grabbed the financial statements of the first three museums that popped into my head: The Met (NYC), The Guggenheim (NYC), and the Getty (LA)
https://www.metmuseum.org/-/media/f...l-reports/2017-2018/annual-report-2017-18.pdf (financials start on pg 44)
https://www.guggenheim.org/wp-conte...genheim-audited-financial-statements-2017.pdf
https://www.getty.edu/about/governance/pdfs/auditedfinancials.pdf
The Met was free to everyone until about a year ago (I think). About 26% of their revenue comes from admissions & membership, while around 71% comes from a combination of gifts, endowment support, and gov't support from NYC.
About 90% of the Getty's revenue came from investments.
Of the three, the Guggenheim seems to have the most capitalist approach, with only about 22% of their revenue coming from gifts and investments (it's possibly higher than that - I didn't bother digging to see what "auxiliary income" consisted of).
Off the top of my head, the two big art museums here in Baltimore - the BMA and the Walters both have free admission, as do all of the ones on the mall in DC. Some of the smaller museums charge money, but from what I've seen of the crowds there, I can't imagine that admission fees alone keep the doors open.
History is a "core" pillar of education-- Without History, you can't properly learn other disciplines such as: business, law, economics, political science, etc... all of which are integral components of multi billion dollar industries / economies... so again, history is fine...
Who's researching that history, writing books about it, and teaching it to others?
Similarly, I watch the history channel all the time, my viewership pays for commercials so again, supported by capitalism...
It's funny that you used History Channel as an example - yes, they're supported by capitalism, but most of their shows these days have only the most tenuous of associations with actual history. Most of their lineup is reality shows.
HISTORY Canada | History - Videos, TV Schedule & Watch Full Episodes
Music and art are a part of EVERYTHING... Music and art are in everything so again, very easy to link to actual economy and capitalism...
And yet, most musicians and artists have to at least do some teaching in order to pay the bills.
And in order for Person A to utilize that information in order to make a fortune, they would have had to either do the original research themselves, or they would have had to learn it from somebody else who did the original research, i.e. Person B.
Person B is the guy you talked to.
I should have elaborated a little more...
I love teaching and teachers and academia. However, in order to be "successful" you have to be at the top of the field... What I mean is this.
Lets say you have a population of XYZ people and 100 universities...
If you have 100 universities each teaching 100 engineers then you produce 10,000 engineers per year. The economy is big enough to easily support that sort of growth rate and influx of engineers every year.
But if you have 100 universities each teaching 100 academics then you produce 10,000 academics per year and the university landscape is NOT big enough to support 10,000 academics per year. If I had to hazard a guess, I would guess that Academia as a whole can only support a 1% to 2% growth rate of academics per year meaning that the remaining 98% will have to find employment in some other field. Or put another way, there are only so many teachers you need per year teaching Ph'D and Master's level courses. Similarly, the existing educators aren't dying off at a faster rate than what is being produced...
So if you are getting an advanced degree with the sole purpose of becoming an academic that is fine, but IMHO you need to be at the very top of your field because there is only so much room at the academic trough and the existing hogs are tenured and near impossible to dislodge
If your only argument is that the market is oversaturated, fine. As someone who works in a "sexy/fun" field in the arts, and whose spouse works in higher ed administration at top-tier universities, I'll be the first one to get on that bus. One of the universities around here recently shuttered a few of their majors (including some "normal" ones like math), and folks came out of the woodwork to lament their loss and how crazy it was to drop such programs. I pointed out that if the programs couldn't get enough students to even warrant staying open, then they weren't competitive and were likely putting their graduates at a disadvantage relative to graduates of other universities. IMO, I think a lot of fields would be better off if we hollowed out the middle of their university offerings: leave the community colleges and the top-25 programs alone, and at the rest, bump all these super-competitive fields down to minors and electives. Nobody needs to be spending $80k+ on a theater degree from Utica College.