Contributor Perspectives

Sports: America's Well-Kept Socialist Secret

Tolga Ozyurtcu
Board of Contributors
Sep 25, 2017 | 09:15 GMT
Sports: America's Well-Kept Socialist Secret
Having gone through decades of competition and consolidation, professional U.S. sports leagues became legal cartels in the second half of the 20th century.
(MIKE HEWITT/Getty Images)

In American professional leagues, there is no cost for performing poorly and finishing at the bottom. In fact, there is a reward. The exact process differs a bit from league to league, but in the simplest terms, in the NBA, NFL and NHL, the worst teams are entitled to the...

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