Daily Archives: December 1, 2013

One system believes in limiting how much power money can buy and imposes redistribution mechanisms to counter inequalities of opportunities and outcomes. The other throws the weak out of the premier stratum of society, and uses large income distribution to perpetuate dominance and power structures.

No, I am not referring to the socioeconomic systems pursued by different countries. Nor am I referring to some grand academic experiment to test whether high growth with redistribution is indeed feasible. Instead, I am talking about the contrast between professional sports on the two sides of the Atlantic Ocean. Read more