The mistake you are making is in assuming those things were supposed to be money making endeavors. They were never expected to turn a profit.
Did find this on line, and it strikes me as funny.
One of the best examples of “socialism” in the United States - and an ironic one - is the National Football League.
- The worst teams get the first shot at the best new players in each year’s draft
- The salary cap structure makes it difficult to keep a dominant team together for more than a few years, and generally prevents dynasties from forming - the New England Patriots have stayed so good for so long by constantly cycling through new talent rather than by signing a lot of expensive superstars
- In the provision that is the closest to actual socialism, the league’s TV revenues are equally shared among all of the teams, giving every team a lucrative guaranteed income stream regardless of specific quality of team play
This is exactly the opposite of socialism, it is in fact capitalism, I suspect the writer knows that most would be socialists could be fooled by it due largely to a social education from the public school system as opposed to an academic education provided by the private sector [a quick look at who gave your post a thumbs up will bear me out on this]….
The very first thing that would tip off an academic educated person is the fact that it takes government involvement to be socialist, the very fact that it is the private sector is the reason it works, the reasons why are numerous, but it works because the process is the same as our healthcare system, it is limited to those with a personal financial stake in it and not the entire country, it is paid for on a "pay as you play" basis by those involved and not paid for everyday of your life even if you never use it...
and while the money from TV revenue is shared equally by the teams it is not shared with anyone else, and that's why it works so well...
What this article really shows is the real difference between socialism and capitalism and which works better when the same rules are applied but the money is distributed vs.redistributed...the private sector not only supports itself, but does it so well that it just doesn't seem fair that they do not support the failed policies of others...
the article was merely an example of what used to be called yellow journalism that is now an art form at places like Columbia University.