21.10.10

THE BURSTING OF THE SPORTS BUBBLE. Professional basketball is the perfect metaphor for cultural decay fostered by entertainment excess and conspicuous consumption. And it's losing money. Nonetheless, a CBS Sports article characterizes the upcoming season as "NBA's most successful season ever -- albeit, one awash in red ink." With payrolls cut by a third, and underperforming franchises closed.

We have much to look forward to.

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