BROOKLYN TIPPING POINT
Best-selling Canadian author, Malcolm Gladwell (The Tipping Point), explores the financial factors behind the acquisition of the new Brooklyn Nets–a deal that involves much more than basketball, apparently. The article, published in September for Grantland, points out how factors like the recession, eminent domain, ambitious real estate plans, and wealthy politics are really what were at stake.
A man buys a basketball team as insurance on a real estate project, flips the franchise to a Russian billionaire when he wins the deal, and then — as both parties happily count their winnings — what lesson are we asked to draw? The players are greedy.