Technically, college football right now is one of the purest forms of free market economics. Players are getting whatever the market deems they are worth. Capitalism at its finest. Now people want socialism I guess. We don't mind monopolies in everything else but apparently sports is too far.
I don't like the model and I think if college athletics doesn't do something to even out the competitive balance then it will be a slow death.
Where did you get the idea that "we dont mind monopolies in everything else?" Have you heard of our anti-trust laws?
There is nothing wrong with being more successful than your competitors in business. But when entities are so successful that they are able to unfairly stifle competition from the smaller players, thats bad for consumers and is where "capitalism at its finest" breaks down.
In the college sports context, the larger schools and conferences have the most money, and can use that advantage to buy the best players, making their products more attractive to consumers, and making it harder and harder for the smaller players to compete.
And by "compete" I mean economic competition, not athletic competition so much, although those two types of competition go together in sports.
Ultimately that concentration of power will be bad for consumers...meaning both the fans and the athletes.
OTOH, this may all just be about protecting billionaires from themselves.