RNCTech

I think the NCAA should create an investment pool backed by individual students' contributions to revenue. So, you're a star at Alabama. Based on your play time, jersey sales, you get a share of Alabama's share of total revenue into the pool. It grows and after 5 years you are eligible to withdraw that share. It could be used as a buffer in case of career ending injuries or liquidated for profit with incentives to perhaps see out your college career.

You are one of the few people I have ever seen articulate the problem online. Free marketeers are always conflating a free market with an efficient market. We are aiming for efficient not necessarily free. The two only overlap as you described--basically when all participants have no power and good information. Those circumstances are rarely present.

Another analogy I like to give blind conservatives has to do with referees in their favorite sport. Yes, you don't love referees, but when they are doing a good job and seem to be calling it squarely, you know the overall game is better for have their involvement.

It helps but orthodoxy is hard to break.