June 15, 2011
BERLIN - Coach Rick Carlisle seemed almost a bit angry when he celebrated the biggest triumph of his career, the victory of his Dallas Mavericks over the star-studded Miami Heat.
The gaunt man, looking a bit puritan with his close-cropped hair, deep wrinkles, and grim countenance, described this year's National Basketball Association championship series as a contest not just between two franchises, but between two systems – two fundamentally different basketball philosophies. The Dallas win, Carlisle lectured reporters after Sunday's match, set an example of how the game should be played: with trust in players, team spirit, and a clear sense of common will and struggle. It was not a victory by individual players.
For the United States and its star-studded NBA, this kind of talk is quite unusual. Since the era of Michael Jordan, focus has centered on the gifted individual player. This new ideal was born on the outdoor basketball courts of the inner-city and grew to larger-than-life proportions on the talent of basketball geniuses: the dazzling dribbling of an Allan Iverson, the spectacular passes of Steve Nash, Kobe Bryant's artistic shots, and Dwight Howard's thunderous slam dunks.
Somewhere along the line, the team game – as the sport was originally conceived – faded into the background.
Carlisle isn't the only basketball figure to celebrate the sport's team-first origins. His Italian colleague, Ettore Messina, the most successful European coach in recent years, lamented, "This game isn't about four guys that plow through the other team and make way for a star player to take the shots."
This star-based system has been upended before. The European basketball system, in which the individual is subordinated to the collective, has already shown itself to be superior. Take for example the many defeats the U.S. national team has suffered over the past decade in international competitions. The über-talented squad finished sixth in the 2002 World Championships and an embarrassing third in the 2004 Olympic Games. Again and again, gifted individuals lost to players who were perhaps less talented but more disciplined, and worked as a team. In a team sport, even the best solo artist can't win a championship alone.
European Players To The Rescue
In the United States, the game is beginning to return to its origins. It is no coincidence that the NBA teams with the strongest European influence have been more successful in recent years. The era of individually talented, individualistic "ghetto basketball" is over. Dirk Nowizki played no small part in this shift.
Dallas and Miami are the archetypes of the two contrasting basketball systems. On the one side we have Dirk Nowitzki and a carefully composed ensemble of role players and specialists, assembled over the course of a decade; on the other, an expensive roster of superstars, many of whom were added to the team within the last year.
While Nowitzki is also an extremely gifted individual player, he uses his talents specifically to support his team and their success. Nowitzki takes fewer shots than he used to, he has been working on his defensive skills, and he continues to add new facets to his game every day. All of that work has now earned Nowitzki a coveted NBA Finals Most Valuable Player award.
Miami is the opposite. The team's system is based mainly on the outstanding athletic abilities of Lebron James and Dwayne Wade. Many of its other players are mediocre at best. James, whose nickname "The Chosen One" is even tattooed on his body, may be the greatest marketing machine in the history of professional basketball. He may also be one of the most talented players in the world. But he has yet to win a title.
In the final, James failed in crucial moments. Wade also disappointed. Dallas forced the two superstars out of their comfort zones, and in doing so, revealed key tactical weaknesses.
Both stars suffer from the same shortcoming: they are rather average shooters. This also fits the theory that the neat jump shot isn't heavily valued in today's fast-paced, open court basketball. Outside shooting is taught at colleges, where U.S. basketball players learn to be team players, and where the game continues to be played as an organized team sport. Nowadays, the most gifted players often don't go to college. Instead they jump straight from high school into the NBA. Lebron James is a case in point. U.S. analysts have long since agreed that most U.S. basketball players with outstanding talent have a training and education deficit.
The European club system seems to have an advantage here. The Dallas roster already includes four players who first earned their stripes playing in the team-oriented Old World leagues: two Frenchman, one Serb, and of course Dirk Nowitzki.
The league recognized years ago that street ball, rap, and ghetto chic also threaten the commercial success of the sport. For a time players came to games and press conferences wearing gold chains and sporting a gangsta look: baseball caps, baggy pants, long T-shirts and sneakers were standard.
The wider – and majority white – American public associated this type of outfit with street gangs and ghetto rap. This bothered the NBA, which wanted to market basketball as a family sport. In 2005 the league enforced a dress code. NBA players must arrive for games wearing a suit and tie.
Some American analysts note that skin color was a primary reason for increased public interest in this year's championship series. The fact that it featured such a successful white star was certainly good for the commercial success of the games, writes columnist Bill Reiter of Fox Sports. Sadly, skin color seems to still be a major issue in America.
Nowitzki is someone the average American would gladly invite into his living room. He is humble, his manners are cultivated. His opponents Lebron James and Dwayne Wade made fun of him on camera moments before game five, mimicking the cough that plagued him in the previous contest. Their actions came off as childish, arrogant and egocentric.
They underestimated Nowitzki. As Fox Sports expert Bill Reiter explained, the world has seen that Dirk Nowitzki is a better basketball player than Lebron James. Maybe not as talented, athletic, or marketable, but better.
Dirk has played for the Mavericks for over a decade. Lebron James, the Chosen One, joined Miami just last summer – following an elaborate and theatrical move from Cleveland that alienated many of his fans in the process.
Former all-star and NBA analyst Charles Barkley sees James as weak in character: "If you're the best player in the world, you don't go somewhere else. The others must come to you." Just look at Dirk Nowitzki.
Success can't be built on the shaky foundation that Lebron James built for himself in Miami. It can be built on a stable, German-designed industry product. With Nowitzki's help, basketball is becoming a team sport again, a long-awaited return to its origins.
Read the original article in German
Photo – Keith Allison
Die Welt ("The World") is a German daily founded in Hamburg in 1946, and currently owned by the Axel Springer AG company, Europe's largest publishing house. Now based in Berlin, Die Welt is sold in more than 130 countries. A Sunday edition called Welt am Sonntag has been published since 1948.
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Crunching the numbers of South Korea's personal and household debt offers a glimpse into what drives the win-or-die plot of the Netflix hit produced in the Asian country.
Yip Wing Sum
October 16, 2021
SEOUL — The South Korean series Squid Game has become the most viewed series on Netflix, watched by over 111 million viewers and counting. It has also generated a wave of debate online and off about its provocative message about contemporary life.
The plot follows the story of a desperate man in debt, who receives a mysterious invitation to play a game in which the contestants gamble their lives on six childhood games, with the winner awarded a prize of 45.6 billion won ($38 million)... while the losers face death.
It's a plot that many have noted is not quite as surreal as it sounds, a reflection of the reality of Korean society today mired in personal debt.
Seoul housing prices top London and New York
In the polished streets of downtown Seoul, one sees endless cards and coupons advertising loans scattered on the ground. Since the outbreak of the pandemic, as the demand for loans in South Korea has exploded, lax lending policies have led to a rapid increase in personal debt.
According to the South Korean Central Bank's "Monetary Credit Policy Report," household debt reached 105% of GDP in the first quarter of this year, equivalent to approximately $1.5 trillion at the end of March, with a major share tied up in home mortgages.
Average home loans are equivalent to 270% of annual income.
One reason behind the debts is the soaring housing prices. In Seoul, home to nearly half of the country's population, housing prices are now among the highest in the world. The price to income ratio (PIR), which weighs the average price of a home to the average annual household income, is 12.04 in Seoul, compared to 8.4 in San Francisco, 8.2 in London and 5.4 in New York.
According to the Korea Real Estate Commission, 42.1% of all home purchases in January 2021 were by young Koreans in their 20s and 30s. For those in their 30s, the average amount borrowed is equivalent to 270% of their annual income.
Playing the stock market
At the same time, the South Korean stock market is booming. The increased demand to buy stocks has led to an increase in other loans such as credit. The ratio for Korean shareholders conducting credit financing, i.e. borrowing from securities companies to secure stock holdings, had reached 21.4 trillion won ($17.7 billion), further increasing the indebtedness of households.
A 30-year-old Seoul office worker who bought stocks through various forms of borrowing was interviewed by Reuters this year, and said he was "very foolish not to take advantage of the rebound."
In addition to his 100 million won ($84,000) overdraft account, he also took out a 100 million won loan against his house in Seoul, and a 50 million won stock pledge. All of these demands on the stock market have further exacerbated the problem of household debt.
42.1% of all home purchases in January 2021 were by young Koreans in their 20s and 30s
Game of survival
In response to the accumulating financial risks, the Bank of Korea has restricted the release of loans and has announced its first interest rate hike in three years at the end of August.
But experts believe that even if banks cut loans or raise interest rates, those who need money will look for other ways to borrow, often turning to more costly institutions and mechanisms.
This all risks leading to what one can call a "debt trap," one loan piling on top of another. That brings us back to the plot of Squid Game, "Either you live or I do." South Korean society has turned into a game of survival.
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