bailing to build

English translation: creating an over-leveraged network (of joint projects) to sustain the growth of the system/sector

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	bailing to build
Selected answer:	creating an over-leveraged network (of joint projects) to sustain the growth of the system/sector
Entered by:	Jenni Lukac (X)

09:47 Nov 19, 2013

English language (monolingual) [PRO]
Art/Literary - Economics

English term or phrase: bailing to build

Hi everyone! I need your help in interpreting the expression "bailing to build" in the following text, written by a contemporary art curator. The text deals with the art system and with the fact that most artists and curators usually collaborate with many institutions and on different projects at the same time. The author uses a financial metaphor for this and compares this to hedging. Could you help me understand what "to bail" means in this context? Thanks in advance.

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Systemic risk was the key phrase of the last few years; however, most discussion around the term only scratched its surface so as to not deal with the rotten core. The basic rhetoric is that once something gets too big, too interconnected, it will bring down the others, like a house of cards, should it fail. Everything is now tied to something else. As such, big entities were bailed and made bigger to preserve the system. Partner up, collaborate, synergize! The moral hazard of rewarding failure—the stance dissenters said encourages recklessness—was no match for the fear of total collapse. Yet, could bigness be the real problem? Is the problem the player, or is it the game?

What care, what responsibility can be invested in a single pie, when having ten in the oven grants hardy rewards? Like the idea of ***bailing to build***, having more and more stakes is the way to go for an individual, an institution, or even a state when it comes to our dominant social ecologies. Accelerate. Speculate. Stir up interest.

Stefano Asperti KudoZ activity Questions: 321 (none open) (3 closed without grading) Answers: 933 Italy
Local time: 06:11

creating an over-leveraged network (of joint projects) to sustain the growth of the system/sector

Explanation:
I'm hoping that "sustaining" takes care of the "bailing out" part of your dilemma. The writer seems to suggest that when big players in the art world are propped up or bailed out, a process of consolidation also takes place. However, without more context (are we talking of large museums, private art galleries, international art fairs?) it's hard to know precisely what he or she is getting at. Some examples would help.

Selected response from:

Jenni Lukac (X)
Local time: 06:11

Grading comment

Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

4 +2

creating an over-leveraged network (of joint projects) to sustain the growth of the system/sector

Jenni Lukac (X)

bailing *out* to build

Terry Richards

hedging/investing to expand

Yvonne Gallagher

baling to build

Piyush Ojha

to bail out (a person, institution, state) from doldrums with the aim of building it

acetran

failing?

danya

Answers

2 hrs confidence:

failing?

Explanation:
a misprint?

danya
Local time: 07:11
Specializes in field
Native speaker of:

Russian
PRO pts in category: 8

27 mins confidence:

bailing *out* to build

Explanation:
To bail somebody out is to get them out of trouble.

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Note added at 3 hrs (2013-11-19 13:27:43 GMT)
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In England, the government bailed the banks out by buying all or a part of them so they now own a part of the bank and therefore have a stake in its success. Each time these big institutions fail, they put more and more money into them and therefore make it more likely that they will help out the next time to protect the investment they have already made.

Reference: http://idioms.thefreedictionary.com/bail+out

Terry Richards
France
Local time: 06:11
Native speaker of:

English
PRO pts in category: 4

Notes to answerer

Asker: Yes, I had also thought of that meaning, especially because early in the text the author says that some big institutions have been bailed and made bigger to preserve the system. But using the word in that meaning makes the phrase "having more and more stakes" difficult to interpret. I DO need to be bailed out, lol :-D

4 hrs confidence:

hedging/investing to expand

Explanation:
I think "bailing" IS used as a synonym for "hedging" here. By collaborating and joining together these institutions are reducing their risk just as hedging does in the investment world by offsetting risk

http://en.wikipedia.org/wiki/Hedge_(finance)

It says

"What care, what responsibility can be invested in a single pie, when having ten in the oven grants hardy rewards?"

in other words, better to have a finger or stake in several pies and get "hardy" or good rewards rather than having just one pie!

The other expression that springs to mind is "having all your eggs in one basket" which is never considered a good idea

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Note added at 4 hrs (2013-11-19 13:58:50 GMT)
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"having more and more stakes is the way to go..."
so, better to expand the network and reduce risk

the way I read this.

http://www.investopedia.com/terms/h/hedge.asp

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Note added at 4 hrs (2013-11-19 14:00:29 GMT)
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I think you could use "collaborating together" or "coming together" or even "amalgamating" to get the meaning of "bailing" here

Yvonne Gallagher
Ireland
Local time: 05:11
Works in field
Native speaker of:

English
PRO pts in category: 8

6 hrs confidence:

peer agreement (net): +2

creating an over-leveraged network (of joint projects) to sustain the growth of the system/sector

Jenni Lukac (X)
Local time: 06:11
Native speaker of: English
PRO pts in category: 8

Grading comment

Selected automatically based on peer agreement.

10 hrs confidence:

baling to build

Explanation:
This looks like a mis-spelling; 'baling' is to bundle together.

bale: n. a large bundle of paper, hay or cotton. v. make into bales. (Concise Oxford English Dictionary)

Piyush Ojha
United Kingdom
Local time: 05:11
Native speaker of:

English,

Hindi

2 days 2 hrs confidence:

to bail out (a person, institution, state) from doldrums with the aim of building it

Explanation:
Eg. the current state of US economy where billions of dollars are being pumped into the economy to bail it out; the aim is to build the economy. The same was done with many US banks, and off course, it can be done with a person in deep debt.

acetran
Specializes in field
Native speaker of:

Hindi,

English
PRO pts in category: 8

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bailing to build

English translation: creating an over-leveraged network (of joint projects) to sustain the growth of the system/sector

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