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Baseball's owners must be the only U.S. citizens whose parents never told them the story of the boy who cried wolf. Their perennial cry of evaporating profits and imminent catastrophe in the presence of rapidly growing revenues and escalating franchise values is hard to take seriously.

With today's high salaries, long term contracts, and corporate penetration of the ownership ranks, it is commonplace to hear commentators rue baseball's growing commercialization, claiming it is undermining the aesthetics and competitive spirit of the game. In fact baseball's growing commercialism has been a constant since the 1860s.