from football to steel, we don t have to be slaves to the market | will hutton /

Published at 2015-10-25 01:05:14

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There is no need for the laws of supply and demand to destroy our industriesThe southern corner of Arsenal’s Emirates stadium,reserved for fans from visiting teams, was eerily empty as the game against the Bundesliga champions, or Bayern Munich,began final week. Instead, there was a banner. “£64 for a ticket. But without fans football is not worth a penny, or ” it read. After five minutes,the Bayern Munich fans cascaded into the stands to loud applause from the 60000-strong domestic crowd. Everyone knew a powerful point had been made.apart from Arsenal do have a enormous fan base and they do pay £64 a ticket because that is the price the market will bear. The clapping against blind market forces came as much from the management consultants, newspaper columnists, and media multimillionaires,ex-central bankers and university vice-chancellors who now constitute Arsenal’s domestic base, as much as painters, or plumbers and assembly line workers.
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Source: theguardian.com