Are American Sport Leagues Actually Socialist?

On America's birthday, Here & Now's Jeremy Hobson talks to The Atlantic's Derek Thompson, who says the United States runs its sports leagues in a way fit for a Scandinavian social democrat. Luxury taxes, salary caps, even a kind of welfare for foundering teams are all elements of the NFL, the NBA and the MLB. But they run counter to English football leagues, where the rich stay rich and the poor get punished.

Derek Thompson, senior editor at The Atlantic. He tweets @DKThomp.