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Free market in action

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Saturday, June 28, 2014, 9:00 p.m.
 

The very essence of our prosperity and its resultant liberty has been the result of our free-market economy. Yet most Americans do not understand how it works.

One very simple example is the National Basketball Association. Players with talent, but more importantly, those who work the hardest make it to the NBA regardless of sexual orientation, religion or color — there are no “victim classes.”

The result is the investors (team owners) make money and the consumers (fans) get the best product (watching the best players) at a price they are willing to pay.

It's a classic example of the free market. Everybody wins.

By the way, it also generates equal opportunity. The overwhelming majority of players in the NBA just happen to be black.

Harvey Bower

Mt. Lebanon

 

 
 


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