I don’t know where you are getting these definitions, but they are news to me.

Capitalism is an economic system in which the means of production are privately owned and controlled.

Nothing in the definition of capitalism or a free market economy has anything to do with an infinite number of buyers and sellers, a requirement which mere logic reveals cannot exist.

I do agree, however, that MLB could be viewed as a monopoly (if baseball is an industry), but it is really more like a single corporation in the entertainment industry with regionally defined territories for its franchises.

but I don’t think it applies to the economy circumstances. We are in trouble because the finance sector over inflated the true value of any type of asset you can think of and that includes home appraisal’s. Bush was bad but he didn’t deregulate the banks (Bill did). Bush allowed it to continue because the economy was booming and it took pressure off his international agenda.

As for stimulation of market via government regulation? The bankruptcy of the large companies that were bailed out would have spurred stimulation without the help of government intervention. If Chrysler went out of business another car manufacturer would have bought the assets at a dramatic discount which would have increased their equity (viability) and gave them more options for production (i.e. there stock shoots up). If a company fails another always comes behind unless it’s a dead market. The same goes for the banking system. The problem with the banking system is that so many people would have lost their investments, however, that is a risk you take and everyone is aware of it before hand. Bush stopped it so the public wouldn’t panic and create another black tuesday because of the dooms day type media.

Also collusion of overvalued goods is not what happened. False or inflated comps are what pushed the finance sector and housing sector into their current state. Unfortunately even if you buy a house TODAY you are actually paying at least (the very least) 10% of what it’s actually worth. In Florida you can come across a foreclosure that is still overvalued by at least 25% of the whole asset. Banks consider these mortgages to be non performing assets and should take what they can get. However, if they actually sell it at it’s TRUE value this hurts the banks overall balance sheet and reduces the viability of their company even though they eliminated the non performing asset.

In conclusion baseball is a different beast. It has similarities but it’s very different. If those companies were allowed to fail (except for fannie Mae and Fred Mac) we would already see completely new banks acquiring the assets and hiring the people laid off. History never lies.

I tried something that would ruffle people’s feathers more than politics would.

I thought about bringing up Peavy, but that usually ends up in blood drawn.

So. Many. Typos.

I feel sick.