Terry Teachout on the fiscal woes in the world of  High Cultchah:

High-culture unions that fight to hang on to an untenable status quo are shooting themselves in the head. Labor leaders invariably respond to managerial cries of disaster-around-the-corner by arguing that their members should not be made to suffer today for the managerial mistakes of the past. But in the end, it doesn’t matter who made the first blunder. Everybody in the culture business, union leaders included, has been guilty of chronic myopia when it comes to outmoded business models. The point is that there is no longer any alternative to root-and-branch fiscal reform. What’s more, managers and board members now know this. Increasingly, they’re willing to shut up shop altogether–or, like the Philadelphia Orchestra, declare bankruptcy–rather than purchase short-term labor peace, as they did in the past, by agreeing to contracts that they can no longer afford….

Seems to me that one could transpose this analysis to just about any branch of the economy or guv’mint these days.

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