I see nothing wrong with capitalism in all of its forms and stages. In fact, there is literally no other real types of economic model/system besides capitalism anymore. Some countries claim to operate non-capitalistic system but it’s more face saving than reality. One of the things America does better than any country/territory is the distribution of wealth. There is a reason why Americans only have to save very little to live a life everyone else envies, not just the second or the third world but the Europeans and the Canadians. Merit-based Americans have big houses, can afford to eat steak every day, can say whatever they want in a legally compliant way and most people don’t have to worry about suddenly being disappeared. With excellent financing like credit card, social safety nets, grants and free enterprise, merit-based Americans can be whoever they want to be.
Merit-based Americans could attend to the Ivy League and Ivy League Plus schools and live in the beautiful neighborhood they want to, even ones without public bus or train services. What’s hilarious is when you tell America’s domestic naysayers to move to whatever country they think is better than America, they immediately get mad and claim they have been discriminated against. It’s hard to understand this logic but I do know if they were in whatever their favorite world’s number one country in the world, they will have a high likelihood of either have their organs harvested and/or suddenly disappear to be tortured and/or locked up in a mental institution for an undefined amount of time to treat their “schizophrenia” being “mentally unstable.” You know what I love about NIL? It is literally a force multiplier for the professional leagues. When athletes are training extremely hard trying to be the best they could be, this makes the sports even better in America than anywhere else. The NIL money has grown from an estimated $1 billion in 2021 to around $5 billion in 2026. US sports industry is now trillion dollar industry. The point is increased competition brings more entertainment the world over. I think the other big part of all of this is the other sports. Traditionally football and basketball were most popular. With NIL money, the athletes from the other sports at the collegiate level could also get NIL or revenue share money which increases competition. The US has the best athletes period. If the US focus on soccer, it will likely get a bigger share of the nearly $3 trillion global sports market.
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NIL regulations at the collegiate level to help America dominant in all sports including the Olympics.
There is nothing wrong with being paid. I think the biggest moral issues come from sports gambling, prediction markets, crypto, NFT, fantasy sports and other types of activities that could possibly corrupt sports, fans and the direct participants in the sport. NIL is still kind of the Wild West right now. Ultimately, the NIL was suppose to help athletes make a living in college, however, it may take additional regulations for its lofty goals to come to fruition the way it was designed to be. If NIL is suppose to be fair, then likely it needs to have some kind of mechanism to help those in the past whose NIL were profited from but never got the revenue share or payments they deserve. The other reason for calling more NIL regulations is the roster stability piece. Although there is a hard-cap on revenue share now at the collegiate level, however, there are no caps for NIL at the collegiate level.
Revenue share is only a small component of college athlete pay right now any way. The big money for college athletes is in likely in NIL. Yes, there may be framework agreement and antitrust issues if a luxury tax or hard-cap is in place, however, if the NIL is going to be a benefit to the entire US college sports scene, it will likely have to also set up some kind of collective bargaining mechanism for all college athlete to get at least a small percentage of the NIL pie. That small percentage will help cultivate the next generation of athletes in less well funded sports like the ones recognized as Olympic sports. America’s main nemesis has a state system that churn out these Olympic champions, America’s collegiate system can do the same.