Cristiano Ronaldo and the magic of market economics

Today,the BBC website tells me, Cristiano Ronaldo signed a new five-year contract with Manchester United. The BBC news told me that he will ‘earn’ at least £25 million over the next few years – and that’s just from Man U.

Words fail me. In what sense could any human being ‘earn’ that much money? In what sense could they possibly earn the equivalent of 200 times the average UK wage? I would agree that the man is going to acquire £25 million by legal means, but earn it? Never.

And don’t get me started on Bill Gates – a man who is ‘worth’ more than many small countries. If I were looking for an icon for the absurdity of market economics and unbridled private property, he would be it.

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