Comments by "" (@I_M_S-o4y) on "Gravitas | Indian markets crash: Sensex closes 1.6% down" video.
-
2
-
2
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
How have these two sporting cultures diverged so sharply over the past few decades? The answer has its roots in timing and the very particular development, in each country, of the relationship between labor and capital. The three biggest professional sports in America are all subject to equalizing restraints: the NBA and the NFL both have salary caps, baseball disciplines spending via a luxury tax, and all three hold a draft to ensure the even league-wide distribution of young talent. It’s one of American sportswriting’s laziest cliches to refer to this as a form of “socialism”. In fact, these structures emerged through the second half of the 20th century as the expression of a distinctly American form of capitalism. Professional American sport as we know it today owes as much to strikes, lockouts, and collective bargaining as it does to sponsorship, merchandising, naming rights, or any of the other dealmaking machinations that are usually thought to symbolize the corrupting influence of money in sport.
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1