Lockout II - Moderated: Talk about your plenty, Talk about your ills...
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12-05-2012, 07:26 PM
Join Date: Feb 2005
Location: San Jose
Originally Posted by
Under our economic system, businesses that are run well succeed. Businesses that aren't fail.
But contracts are an agreement between two (or more) parties. They also underpin our economic system. Players do not make money unless they've reached a level of performance that secures them an NHL contract. Basically, a player agrees to provide his services (which is playing hockey) and the team agrees to pay him for it.
The problem is that, in your simple view of things, you think these two things are equivalent. They aren't. The reason they work as they do is because that's EXACTLY how they're supposed to work.
Not exactly. The fault in most often overlooked in capitalism is the need for a set of checks and balances. Businesses can succeed by being fraudulent. They can succeed by overwhelming force as well, eliminating competition. The object of the system should be to foster competition to provide services.
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