Truck and Barter

A very interesting article and comments from The Sports Economist.

I will say this about sports in America; Europeans do it it better(that is one of the few things I'll grant them. The others have to do with beer and topless beaches). With regulation, what would Donald Sterling of the Clippers have done for all the years he's owned the team. It is, more or less, socialism that we practice or want to introduce here in our sports leagues. I'm happy for the NHL players to be able to give the finger to NHL owners and yet still make as much money. What most people don't recognize when they support trade unionism of the like in Europe is that they are regularly expected to take less of a wage hike to help control inflation. Here, we have the owners wanting to impose some sort of salary cap for the sake of "competition", but this is the opposite of the business enterprise who wants to be able to reward their most valuable employees. It is an anathema to most people that wages should be restricted, this should be true for athletes as well.