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Monopolies in Sports: Impact on Competition, Politics, and Innovation
By Yash Dubey
August 11, 2023
In the realm of sports, monopolies wield immense power, dictating rules, tournaments, and revenue. While they foster unity, they also tread a fine line with politics and nationalism. The recent FIFA ban on Russian players due to the Ukraine conflict underscores this complexity. Monopolies, like the BCCI, can suppress innovation, as seen in the Indian Cricket League's fate. Contrasting this, MMA thrives on competition, benefiting fighters and fans alike. The essence lies in balance: monopolistic control can breed stagnation, while competition fuels evolution, presenting an intriguing tug-of-war in the world of sports." […]
Hayek vs Rothbardians
By Yash Dubey
July 30, 2023
Hayek vs […]
Keynes Was Not a Socialist
By Yash Dubey
July 23, 2023
John […]
Murphy Baffled: Government or Fractional Banking?
By Yash Dubey
July 8, 2023
In […]
Trickle-down economics
By Yash Dubey
June 25, 2023
Trickle-down economics is often misunderstood and associated with tax cuts for the rich. It's a top-down approach that believes benefits provided to the wealthy will eventually benefit everyone else. […]