We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

The New York Yankees' embarrassing collapse is the perfect example of how vulture capitalism works

4 49 1

This was supposed to be the year of the Yankees. New York's premiere baseball team, one of the most successful franchises in sports history, had the pieces to compete and go all the way to the World Series.

Now, with their season on the line, the Yankees are in freefall. They dropped two series against the poor-playing Orioles and Cleveland before sweeping lowly Texas, an uneven performance that made a 13-game winning streak from August seem like a distant memory of a different team.

The team is playing middling-to-poor baseball, statistically, and the team ownership's apathy is brutally apparent. New York is fielding a perennial potential contender that fills seats and makes money. That's all that matters.

The current condition of the Yankees' season is a perfect example of how modern American vulture capitalism sucks the soul out of everything it touches. Billionaire team owners penny-pinching to keep the millions of dollars coming in while playing poorhouse to fans have given players nothing to fight for, as every important decision is made by analytics departments and computers.

The Yankees are a notably high-profile version of this approach, but they're by no means the worst offender.

You can't predict baseball. But that doesn't excuse what's been a lackluster season so far for the Yankees — and the root of the problem goes to the top.

Constrained by an artificial salary cap in the form of a negotiated "luxury tax" —........

© Business Insider

Get it on Google Play