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The basics + Socialism, Capitalism & American Sports

Students will expore economics through americans sports. Students will Identify the strengths & weaknesses of each economic system
by

jeff dennis

on 11 February 2016

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Transcript of The basics + Socialism, Capitalism & American Sports

The
Basics
+
Socialism
, Capitalism &
American
Sports

NFL:
“We are a bunch of fat cat

Republicans

who vote socialist

on

football
.
”Art Modell, former owner of the Cleveland Browns/Baltimore Ravens
MLB
The
NFL
takes their earnings from Television & divides it evenly between the
32
teams. Many say this is why a little town such as
Green
Bay
is able to compete with big market teams such as the
New

York
Giants.
Not too many Americans know this, does this change the way you view sports?
What are the major Pro's with
Capitalism
?
What Are the major Con's of
Capitalism
?
What are the major Pro's of
Socialism
?
What are the major Con's of
Socialism
?
Why do we dislike inequality, yet defend it's importance?
Are you a socialist, or a capitalist, or both?
Milton Friedman
on Economics.
NFL & Socialism
Major League Baseball is more capitalistic
.
What do you think is the biggest contributor of the
NFL's
Success?
Amount of games
Violence
Its unique to America
Socialist Nature
In baseball Teams as the
Yankees
who are televised more than
90%
of the other teams get to keep their share of TV revenue which allows them to have a payroll of over
200 million.
Whereas teams like the
Pittsburgh Pirates
who have a payroll of
40 million
and are never on TV have a significantly less opportunity for success.
Baseball's relatively unrestrained free market system produces fairer results than pro football's socialism. From 2001 through last year, both
MLB
and the
NFL
saw
14
different teams place in the
20
slots for their championship game. But football has had just
7
different winners over those
10
seasons, while baseball has had
9
.
What about global inequality? Are we so spoiled we don't even realize it?
Why is this? The Pirates did win the Series in 1971 and 1979, while the Cleveland Browns (either in their old manifestation or rebirth in 1999) and Detroit Lions have never even been to a Super Bowl. The NFL has 12 postseason spots for it's 32 teams, so 37.5 percent of the clubs will get a playoff berth. Baseball has room for just eight playoff teams out of 30, or 26.7 percent.
Players in the NFL are always trying to bargain with the owners to ensure a fair split of profits. Often that is not the case. The same can be true for all players as well. Even in a socialist system there is still inequality. Look at
Peyton Manning's
18 million dollar a year salary. Not every Quarterback gets the same pay, It is not communism.
Russel Wilson "
only
" gets 500,000 thousand a season, which is less than Peyton makes in a week.
Capitalism:
Competition
Self Interest
Privately owned
Promotes Creativity

Socialism:
Collective Interest
Cooperation
Collectively owned
Equal opportunity
Social Safety Nets
Learner outcomes: Compare & contrast Economic systems and evaluate their effectiveness
Some times its hard to choose how much
inequality
is enough? Just ask
BATMAN
Should a government influence economics?
How different people see other economic systems
Full transcript