Why soccer is more American than baseball.

Commentary about business and finance.
June 30 2004 4:36 PM

The Capitalism of Soccer

Why Europe's favorite sport is more American than baseball.

(Continued from Page 1)

In Europe, the successful and rich teams grow richer. (For assembling and stockpiling talent, the New York Yankees have nothing on Spain's Real Madrid.) The poor get poorer, some teams fail entirely, and those intent on self-improvement have an opportunity every year to rise above circumstances. To quote another great middle-brow American intellectual (John Cougar Mellencamp): "Ain't that America?"

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