The global superrich are not all bad. Good for much, no, but good for some things. They have innovated, for instance, in the fields of tax avoidance and on-demand jet procurement. And yacht seizure. Can’t forget that. More importantly, they have generally been responsible and ambitious sports-team owners, the sort who will invest in talent rather than try to win with less of it.
And as wealth continues to concentrate in the hands of a few, and franchises become as coveted as Modiglianis, teams have in recent years passed (at hefty premiums) from mere centimillionaires to billionaires. The Dodgers and Cubs, for instance, now belong to ownership groups bent on winning and nothing else, whatever the payroll cost.