The Volokh Conspiracy » New York Yankees Co-Owner Hank Steinbrenner Denounces “Socialism”

The Volokh Conspiracy » New York Yankees Co-Owner Hank Steinbrenner Denounces “Socialism”: "That said, comparing MLB revenue-sharing to socialism is absurd. Socialism is government control of the economy, not a private arrangement to divide up profits from a joint enterprise. You might as well say that a law firm is “socialistic” if individual partners don’t keep all the profit generated by the clients they bring in, and instead have to transfer some of it to the other partners."