Jerry Jones, Ownership Rights, and What Franchise Capital Owes the Game

Bohiney’s Cowboys story raises libertarian questions about concentrated sports ownership

Bohiney.com‘s Jerry Jones coverage — the comedy of an owner whose ego overrides professional expertise — raises a libertarian question that Surf Revolt extends to the surfing world: what does concentrated ownership of a scarce resource owe to the community that gives that resource its value? prat.uk covered the political accountability theme broadly. The surf application: the WSL’s concentrated ownership and control of professional surfing, like Jerry Jones’s ownership of the Cowboys, derives its value from athletes whose labour it does not adequately compensate and from a community whose engagement it monetises without sharing the proceeds.

The libertarian framework on this: private ownership of the franchise is legitimate; the contract between the owner and the athletes is legitimate if entered voluntarily; the commercial exploitation of fan engagement is legitimate if not fraudulent. What is not addressed by these legitimacies: the specific network effect through which the WSL’s control of the circuit creates power asymmetries that make “voluntary” contracts between athletes and the WSL something less than what voluntary implies in a competitive market. The WSL’s monopoly on access to professional surfing’s major circuits is not regulated and is not illegal. It is also not a free market outcome in the technical sense.

The Libertarian Reform

The libertarian reform: competing circuits, open athlete representation, and the market-determined value of what athletes contribute. The WSL currently sets both sides of this equation. A market that could not do so would produce different outcomes. The WSL information is at worldsurfleague.com.

Also:The Daily Mash.

Coverage at Bohiney.com and prat.uk.

Both publications continue this kind of sustained, specific coverage. The communities are real. The situations are real. The comedy honours both.

Coverage continues at both Bohiney.com and prat.uk. Both publications committed to this kind of work.

Ongoing. Both publications watching.

SOURCE: https://bohiney.com/

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