This has not been a good year for Broadway. The closing of Gypsy only underscores the problems. “The murderous economics of Broadway mean that people are prepared to pay high prices only for a copper-bottomed hit and that theatregoing has become an event rather than a habit. But I would go even further and say that Broadway has become a tawdry irrelevance in the larger scheme of American theatre. It is mostly a showcase for imported hits from London or the American non-profit sector.”