I'm surprised you don't list competitive labour markets as a reason for firms to be fair: i.e. if employees have options with other firms, they will leave for where they are treated better. I think this would be the explanation for capitalists who dislike the welfare state. They would argue that the welfare state imposes costs on employment which in turn make labour markets less efficient, particularly for clearing workers with low productivity. Am I missing something in your otherwise often quite excellent analysis?

And two things mean she she's probably overweighting the posterior probability too... ??

This is a very good and accurate review. I was turned off by the production, particularly Act III. Wagner's music is so emotional that experiencing the overwrought sets and acting (and the Dutchman turning into a rapist which I admit I missed) felt like being whacked by a 2x4. I was up in the balcony right. Did any one else up there find the Dutchman's sailor's chorus overwhelming, like we were getting recorded music from over loud loudspeakers from the right eaves of the theatre? **************************************** Intermezzo replies - it did sound recorded, but in fact it was live (offstage) and amplified. I rather liked the effect but I admit it was very loud and very obvious and not remotely authentic.

I'm glad you highlighted this along with the earlier article on Carnegie Hall's compensation policies. No donations from me to them!