The article doesn't mention salary caps which are used in some leagues to try to make sure most teams are competitive. Are salary caps socialist? Putting a hard cap on the total amount of wages that all workers put together can earn doesn't sound socialist to me. Doesn't sound capitalist either, sounds like a cartel.
Salary caps do seem to make for parity in the sports leagues that use them. Your medium size market team has a legitimate chance of winning a championship at some point in your life. The trade-off is that you never get to see the best players in the world playing for a championship. You see one or two of the best players on each team, and whatever other players the team could afford under the cap.
I wouldn't want there to be a salary cap on the company designing my next laptop.
Salary caps do seem to make for parity in the sports leagues that use them. Your medium size market team has a legitimate chance of winning a championship at some point in your life. The trade-off is that you never get to see the best players in the world playing for a championship. You see one or two of the best players on each team, and whatever other players the team could afford under the cap.
I wouldn't want there to be a salary cap on the company designing my next laptop.