It sounds reasonable, but it is also profoundly wrong. Because a sports league exists for entertainment and an economy exists to perform.
From time to time, a familiar argument resurfaces. That free markets are too harsh, too unequal, too unpredictable — and that perhaps they could be better managed if they resembled something more orderly, like a professional sports league.
In football or basketball leagues, rules are designed to keep competition “fair”. The weakest team gets first pick of new talent. Spending caps prevent dominant teams from pulling too far ahead. Mechanisms are introduced to ensure no one wins forever.
