Unregulated markets are ultimately pretty disastrous for every party. The game dies when all the success is monopolised by one or two contenders. In Major League Baseball, which takes place in the land where the markets are king, they rig the market to keep the game alive.
I'm only talking about the supply and demand aspect which affects transfer fees and salaries. There are still regulations in football, or at least in English football, which help to level the playing field. For example, TV rights are distributed fairly here, in contrast with Scotland and Spain where the two big teams have total control. And it's only fair that some clubs have more money to spend than others, because it is mostly the case that they have earned that money through success and obtaining a large fanbase. Obviously there are some situations, like with Chelsea and Man City, where they haven't earned their vast wealth, and this is another area where I think we need market intervention. I just don't think intervention regarding salary is the right way to go about it.
