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by WildUtah
3883 days ago
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Criminal justice and orchestra employment are non-market phenomena. The people in charge do not benefit if the orchestra is great and are not accountable if innocents go to jail and murders spree freely and the tubas clank. So of course the bosses pick out their friends and cronies. And a decent polity should restrain their corruption with blind auditions and accountable audits of prosecutions. But investors should be looking for a good return on their money. They should be looking for the best investments they can find. If they're not, that is the source of bias right there. Of course, the Wall Street industry is located in New York because you can use big city lights, strippers, and steaks to scam small town municipal pension fund managers who aren't investing their own money. Sand Hill Road is supposed to operate on different principles. |
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Have you ever actually worked for an orchestra? I have. The Chicago Symphony, Boston Symphony and other top orchestras take quality very seriously.
Do you think, say, Georg Solti or Daniel Barenboim were happy with "just pretty good" musicians? Their reputations (and fortunes, for top conductors are very well paid) depend on consistently outstanding performances.
And I don't know how you call it non-market. When you're income depends on millionaires donating vast sums of money, you damn well better care about quality.
It's like saying a football coach doesn't benefit if his team drafts the best players.