THE BLOG

Owning a Sports Team Turns Capitalists Into Socialists

07/19/2011 02:03 pm ET | Updated Sep 17, 2011
  • Larry Hirsch Team Leader, Essex County Organizing for Action

Most owners of professional sports teams have gotten that way by being successful capitalists. They have made a lot of money in business that allows them to spend hundreds of millions of dollars to buy a team. They believe in the free market and have profited by it.

However as the labor negotiations in basketball and football have dragged on, it seems the owners are really socialists. Damn the market they want labor costs to be a fixed percentage of revenue so they can keep their teams afloat. They want salaries capped. Now is this the way they do things in their businesses? Do they cap the salaries of their best performers or pay them what the market will bear? In essence these titans of capitalism cannot be trusted to run their own businesses? Why, because they are fans and they will pay as much as they can to win.

Yes, sports salaries are too high but no one is putting a gun to the head of owners to pay them. Now like they would say in business, if you can't run your business right then get out of the game. The other alternative is like regular fans who shell out ever-increasing sums of money for overpriced tickets accept that being a fan is going to cost you money. The team may not make a profit but in your overall budget you can accept the costs. This is the capitalist way or are sports owners really socialists????

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