Law, Business and Society 11th Edition by Tony McAdams

Exercise 38

In questioning Oakland Athletics general manager Billy Beane, The Wall Street Journal described professional football as "socialist" and baseball as "capitalist":
The NFL (National Football League) has been successful as a socialist league, equally divvying up the league's revenue among all the teams. Major league baseball, on the other hand, is a capitalist league, with a clear divide between big-market and smallmarket teams. Do you think some of baseball's financial rules have to be changed to better balance the playing field
Is "socialism" or "capitalism" the better system for professional sports Explain. See Jim Chairusmi, "Winning with Smaller Pockets," The Wall Street Journal, October 18, 2004, p. R2.