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4. Borderlining-illegal conflict of interest in artist management 5. Unsound advice in financial matters (given to Fripp) 6. The unwillingness to continue existing as a touring musician7. Press giving erroneous statements based on what someone allegedly said to them.
So, first of all, that Fripp will never make music again (as it came over from the article) may or may not be the case (7). In fact, it seemed that Fripp had planned on something like this much earlier, especially when it came to King Crimson, but also other projects, but was forced to tour again to make up for severe financial losses in shady investment schemes (6, 5).
We all had discussed (like about everybody else) the old business model (1) here, and of course Fripp did so, too. However, his situation was somewhat specific, and a lot of it has obviously to do with (2), (3) and (4), namely that for a considerable amount of time, Fripp (as many other KC members of that time) was represented as an artist by EG and was signed to the same EG as a record label. As Fripp said in one of his writings, a change began when in the 80s due to the collaboration with Belew in King Crimson, an artist within the band was suddenly represented by very competent management who was not the record label and for once tried to honor the interests of the artist.
However, all of those issues in combination seem to be specific to Fripp (and maybe a handful of other artists), but can't be seen as a general statement about the viability of the old business model from an Artist's point of view. More specifically: if you were a top-selling artist in the olden days (like Fripp was), then you usually received your share, which, while by an ethical understanding was to small relatively, was still enough in absolute numbers to allow for a decent retirement.
On a completely different approach, we've seen things like (6) happen in the past as well: Glenn Gould retired from touring very early, and later even retired from performing to focus on composing (and died a few days afterwards). So while this isn't the rule by any means (hey, we do all like to play on a big stage to an engaged audience, don't we?), it has been reported to happen...
Rainer Am 07.09.2012 11:33, schrieb Per Boysen:
"The old business model" was based on the fact that records sold well. http://www.dprp.net/wp/?p=7155