Information Essay Example | Topics and Well Written Essays - 500 words

Information - Essay standardOne reason, the focus of my speech today, is the special protection that baseball (Major League Baseball) has been afforded by Congress. This protection comes in the form of antitrust law and, to a significant extant, insulates owners and other interested stakeholders from rival within the baseball industry.As an initial matter, it is important to define what is meant by antitrust law, a topic frequently opposed to baseball aficionados. Antitrust law is an umbrella designation that includes a sum up of laws dealing with fair competition more specifically, because America deems itself a free market capitalist economy, there exist a number of laws designed to prevent such things as monopolies and raw methods of competition. Strangely enough, baseball has for quite some clipping been exempt from a number of antitrust laws. As stated by Bartee, professional sports are a textbook example of a bilateral cartel made up of club owners and unionized players meshed in intrastate and interstate commerce. The club owners exercise monopoly power in the product market (2008 n.p.). Baseball, identical steel or agriculture in certain respects, is a protected industry. It is not a monopoly per se but a competitive cartel in which owners compete with the unionized players. We read all of the prison term about competition between owners and players. There are disagreements about such things as free agency, allowance caps, and collective bargaining agreements. The irony is that while the owners and the players often trade accusations about the other using unfair methods or misleading financial formulas the truth is that both reap the rewards of a non-competitive industry because of the antitrust exemption granted to Major League Baseball by the United States Congress. In addition, in a 1972 model called Kuhn v. Flood and decided by the United States Supreme Court, it was also decided that baseball and its reserve schema are also exempt from state antitrust