Friday, July 02, 2004

But there's not enough scoring

Daniel Gross, who writes an insightful and accessible financial column for Slate called Moneybox, has an interesting column comparing European soccer leagues to American professional sports leagues. European soccer, it turns out, represents capitalism at its most ruthless. The least successful franchises each year are essentially demoted to the minor leagues, so to speak, and the winningst teams in these lower leagues move up to compete with the big boys. By contrast, America's professional sports leagues are cartels that buoy the worst teams. Gross lampoons former U.S. Rep. Jack Kemp--also a former NFL quarterback--for once referring to European soccer as socialistic. It's hard to believe that guy never became president.


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