when you look at the business of professional sports—in both Europe and the United States—American sports are virtually all socialistic while the European soccer leagues more closely resemble the entrepreneurial capitalism we Americans fetishize...
To different degrees, Major League Baseball, the NFL, and the NBA are examples of European-style socialism among billionaires and Fortune 500 companies. They share revenues, tightly regulate admission to the cartel, and bargain collectively with powerful European-style unions, which act as barriers against reform. Losers not only can prosper, but they get first dibs on next year's crop of talent...
In Europe, the successful and rich teams grow richer. (For assembling and stockpiling talent, the New York Yankees have nothing on Spain's Real Madrid.) The poor get poorer, some teams fail entirely, and those intent on self-improvement have an opportunity every year to rise above circumstances. To quote another great middle-brow American intellectual (John Cougar Mellencamp): "Ain't that America?"
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