The New Yorker’s business columnist, James Surowiecki, recently wrote about the difficulty of regulating the financial sector: too many rules, and innovation and creativity is stifled; too little, and, well, we lose a chunk of the economy in a housing bubble and banking breakdown.
His sports-heavy description of the available regulatory models, however, led me to think about cricket’s own rigid structure. Surowiecki argues that Europeans have tended to prefer a “principles-based” system that does not forbid specific financial practices — say, securitizing mortgages and repackaging them — but instead proposes vague ideas that promote proper fair competition. The difference is akin to the way referees adjudicate American football and real football:
Football, like most American sports, is heavily rule-bound. There’s an elaborate rulebook that sharply limits what players can and can’t do (down to where they have to stand on the field), and its dictates are followed with great care. Soccer is a more principles-based game. There are fewer rules, and the referee is given far more authority than officials in most American sports to interpret them and to shape game play and outcomes.
Ironically, cricket turns out to follow the American model more than the European version, and I think it’s time for a change (if only to be fashionably anti-American). During the Sydney Test scandal, we all became hopelessly mired in rhetorical debates: did “monkey” ever mean more than just a monkey? (And what about “bastard”?) But we had lost the forest for the trees, as our outdoorsy friends would say.
Rather than get bogged down in silly semantics — you say potato, I say racist — umpires and referees should instead evoke only the game’s “spirit” in determining which action to regulate and which to let slide. Continue reading ‘Regulating Finance, Regulating Cricket: The Spirit Returns’




