Sports in the United States and Europe

November 20, 2011 in Daily Bulletin

Rupert Cornwell at The Independent recently took a look at the different ways that the United States and Europe handle their sporting systems. Some of the highlights from the article include:

  • America and Europe’s management of sports run contrary to national stereotype. Capitalist America has a franchise system that that encourages cartel and depresses the law of the free market by instituting things like caps on player salaries. Welfare Socialist Europe has a free market system that allows tycoons to bid obscene amounts for players.
  • The reason for this paradox is the dual role of sports. In the United States the emphasis is on sports’ ability to make money for its owners. In Europe the emphasis is on sports’ ability to provide entertainment.
  • The US system of regulations has done a better job of ensuring that no one team dominates in a sport.

To see a table that clearly lists out the pros and cons of both systems, as well as to see some of the hard numbers involved click here.

Source: The independent

Via: Ariff Kamarudin