It is traditional for the end of a football season in the UK to bring a chorus of moaning about how uncompetitive the Premier League is, and how things would be better if we followed some system loosely based on the “millionaires’ socialism” of US professional sports – salary caps, preferential drafting of new players, all the other hilariously anticompetitive interferences in the market. When making any such comparison, though, one has to remember that the USA is not the size of the UK; it’s roughly the size of Europe.
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