Personally, I think that although this system has its flaws is still more efficient than other countries, the NBA is the basketball league with more level in the world, the same happens with the MLB. Here in Venezuela we do not see the basketball or baseball of other countries, only the American, because they are indeed the most competitive and best developed leagues. So our teenagers try hard to reach them.
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They do create a very entertaining product.
No doubt!...:)...
The basketball and baseball is a very exciting and entertaining event
There's no system without flaws, so basketball and baseball in the USA isn't an exception but then there's a lot of competition in the system.
The NBA was built on top of some capitalism: generally speaking, statistically speaking, competition entertains more than anything else: it rises and rises, more and more over time.