Capitalism in European soccer compared to American sports

Posted by Creaven on July 15, 2009 under Europe, United States, World | 17 Comments to Read

On June 26, Cristiano Ronaldo completed a $132 million transfer from Manchester United to Real Madrid. In strict business terms, Real Madrid bought an asset from another business in hopes of improving its own product. No government, federation or league was going to stand in the way of what Real Madrid thought was a smart business decision.

One day earlier, in New York City, the capital of capitalism, an annual experiment in socialism took place — the National Basketball Association draft. Though the Los Angeles Clippers are arguably the worst franchise in the history of American sports, they were awarded the first selection after another miserable season. A bad team was being rewarded in the hope it would become a better team; Ayn Rand would have barfed in disgust.

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