3 ms·

This is how greed works. The players want as much money as they can get. The owners want to charge as much as they can for everything while paying the least pos

by giantg2 6mo ago

This is how greed works. The players want as much money as they can get. The owners want to charge as much as they can for everything while paying the least possible amount. The networks that buy the broadcasting and other rights want to most they can charge for them. Sports have gotten way out of hand, even without the betting aspect. People criticize gambling, porn, and other less desirable forms of entertainment while giving (commercialized) sports a free pass. It's not that different when you really get into it at this point.

IAmGraydon 6mo ago
>This is how greed works. The players want as much money as they can get. The owners want to charge as much as they can for everything while paying the least possible amount. The networks that buy the broadcasting and other rights want to most they can charge for them. And the buyer wants to pay as little as they possibly can. That's not greed. That's called a market and it's functioning as it should.
- tossandthrow 6mo ago
  There is only a market if there is a commodity. La Liga is not a commodity as I can not equally make a La Liga. This is the basis for antitrust regulations. So no, there is not market. And as such there is no markets that functions as it should.
  - IAmGraydon 6mo ago
    Absolutely incorrect. A market is just any structure, place, or mechanism that allows buyers and sellers to exchange goods, services, information, or assets. There can be one seller and many buyers, one buyer and many sellers, or anything in between.
    - tossandthrow 6mo ago
      If I go to your stall and coercively take a product you want 1000 tokens for, but only leave 10 tokens. Then it is still a market? It certainly fits the definition you present. Inwould argue that price discovery is a bit part of a market. Again, these things are already codified. Eg. Wash trades, insider trading, etc.
- joquarky 6mo ago
  Markets don't make sense for non-fungible products.
- giantg2 6mo ago
  If it were a true market, the price would be much lower because it wouldn't be a monopoly.
  - IAmGraydon 6mo ago
    A market is not defined by how many sellers there are.
    - giantg2 6mo ago
      If you want the market to "function as it should", then yes, the number of sellers plays a big role in a properly functioning market. Thats why we have regulations in additional to the invisible hand.
balamatom 6mo ago
The ones who pirate the sports broadcasts are in the right. Spectator sports are literally brainwashing: they hook into vestigial tribal instincts, reinforce them, and channel them for political goals - such as norm-setting, or extrajudicial violence. Anyone who genuinely likes kickball because they derive exquisite pleasure from watching balls being kicked, can go watch it live. But no, it just has to reach right into people's living rooms, at the cost of disrupting productive activity. Imagine if people paid such enthusiastic attention to things that were not about "winning" and "losing" some completely imaginary competition. Imagine how much better their lives would've been!

by giantg2 6mo ago

IAmGraydon 6mo ago

>This is how greed works. The players want as much money as they can get. The owners want to charge as much as they can for everything while paying the least possible amount. The networks that buy the broadcasting and other rights want to most they can charge for them. And the buyer wants to pay as little as they possibly can. That's not greed. That's called a market and it's functioning as it should.

tossandthrow 6mo ago
There is only a market if there is a commodity. La Liga is not a commodity as I can not equally make a La Liga. This is the basis for antitrust regulations. So no, there is not market. And as such there is no markets that functions as it should.
- IAmGraydon 6mo ago
  Absolutely incorrect. A market is just any structure, place, or mechanism that allows buyers and sellers to exchange goods, services, information, or assets. There can be one seller and many buyers, one buyer and many sellers, or anything in between.
  - tossandthrow 6mo ago
    If I go to your stall and coercively take a product you want 1000 tokens for, but only leave 10 tokens. Then it is still a market? It certainly fits the definition you present. Inwould argue that price discovery is a bit part of a market. Again, these things are already codified. Eg. Wash trades, insider trading, etc.
joquarky 6mo ago
Markets don't make sense for non-fungible products.
giantg2 6mo ago
If it were a true market, the price would be much lower because it wouldn't be a monopoly.
- IAmGraydon 6mo ago
  A market is not defined by how many sellers there are.
  - giantg2 6mo ago
    If you want the market to "function as it should", then yes, the number of sellers plays a big role in a properly functioning market. Thats why we have regulations in additional to the invisible hand.

balamatom 6mo ago

The ones who pirate the sports broadcasts are in the right. Spectator sports are literally brainwashing: they hook into vestigial tribal instincts, reinforce them, and channel them for political goals - such as norm-setting, or extrajudicial violence. Anyone who genuinely likes kickball because they derive exquisite pleasure from watching balls being kicked, can go watch it live. But no, it just has to reach right into people's living rooms, at the cost of disrupting productive activity. Imagine if people paid such enthusiastic attention to things that were not about "winning" and "losing" some completely imaginary competition. Imagine how much better their lives would've been!