LewRockwell.com Blog: Football and Anarchy
If we’d like a better way to use our skills and technology perhaps we should look to the success of the NFL and the magic of the market.
Ironic, because I consider the NFL to be one of the great failure modes of the free market.
Consider it this way: the median salary for my own Minnesota Vikings in the 2004 season year was over $640k (cite). Now, are you telling me that you could not field a team of quality players for, say, $500k/person? If you advertised that you were having tryouts to play in the NFL, and that the salary was going to be $500k/person, you would get a lot of people, many of them very, very talented. But, why stop there? Imagine if you advertised $250k/person or $100k/person. You would still pull a lot of very impressive talent — at that point, the only thing you’re competing against is other professional sports.
But, for some strange reason, players are able to demand $640k. Owners make even more. All of this is because the NFL already has muscled its way into the states/cities they reside in and onto the television sets. Because of the benefit of first-entry and their effective monopoly, the NFL is in a unique position, as are the owners, coaches, and players. Any attempts, even the pathetic corporate whore of a league that was the XFL couldn’t get a foothold against them.
The only real competition is collegiate ball, but they aren’t really in competition at all — there’s enough fans to support both the NFL and collegiate ball and the players come from distinct pools, so there’s no market force encouraging competition.
In an ideal capitalistic system, the NFL wouldn’t exist because there are people able to do better job for cheaper. In a pratical capitalistic system, the NFL is effectively a monopoly, with violent business practices that suppress all competition.
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