Peabody: Life, Friends Baseball

Thanks for all those that wrote about Anger At Mariners!

If you leave me a real name and email, you will get posted and responded to.. Not otherwise.

Several folks reminded me that it was a business and that businesses sole responsibility is to make money.

As an economist, it gave me pause to read those remarks, because it reflects an obvious thing, but several forgotten things.

1. The Mariners through the stadium commission were able to borrow money at municipal rates and pay the loans back on tax collects and set asides from their revenue.

2. Business DOES owe their customers something and it’s called a quality product.

3. Customers do not have a choice if they want to buy in person major league baseball. Closest competitor is in San Francisco.

4. Due to the Anti-Trust exemption granted to baseball by Judge Keneshaw Mountain Landis it is virtually impossible for someone to set up a competitive league as had occurred in the early part of the 20th century. Landis received a payoff from the owners and became baseball’s first commissioner.

This entry was posted on Friday, October 26th, 2012 at 3:08 pm by terrybenish and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.