Join Date: Oct 2009
Location: Los Angeles
Quoted: 164 Post(s)
Rep Power: 21
Total Points: 1,000,501,386,538.88
'Capitalists left to their own devices would rather collude than compete.' I'm sure you've heard that plenty of times...
This goes double for the Klitschko's since they're brothers, after all. Nobody expects them to compete. They may even make decisions together, which is even more troubling. So yes, they have created a monopoly, yippie, maybe an oligopoly if they are indeed colluding. Two of the classic flaws of capitalism.
There is no regulatory agency in boxing; and, we certainly don't expect the sanctioning bodies to enforce their rules; the masses certainly aren't going to hold two brothers accountable, so what are we left with? As you described, the free market, laissez-faire capitalism that many seem to idealize. But is it good for the rest of us?
I mean, it's worked out great - I never hear people complaining about the heavyweight division and it's flourishing over the past couple of years under these great economic tenets. Look at the free market in the heavyweight division go!!!
I suppose it has spoken: the largest consumer class in the world, the USA, ain't buying what they're selling, there are no consumers for that product here and there might not ever be any in the future. It's nothing new for unchecked capitalism, it sucks every penny imaginable out of whatever consumer class there is and moves onto to the next society and leaches itself onto them until they're sucked dry as well.
I don't know why you're making the connection, I like the Klitschko's and think they would be more inclined to follow just a bit of regulation if they knew it would be for the betterment of the division and boxing.
Last edited by LA_2_Vegas; 08-04-2012 at 08:36 PM.