You can gain an advantage on future seasons by slashing your current payroll and applying that money to your scouting budgets and, especially, prospect bonuses. (It's especially annoying when owners transfer lots of money from payroll to prospect bonus money to outbid other teams on international prospects.) Also, losing tons of games in one season guarantee that you'll have a high draft pick the following season. Doing these things make the league less competitive in the short term, because one owner is not trying to win games at the ML level, and in the future, because an owner who stocks up on talent for multiple seasons can create a juggernaut.
(It should be pointed out that it's entirely possible to build a good minor league system while still competing at the major league level; it's just a little harder -- and a lot more fun.)
Each world has its own personality, depending mostly on who's a part of it. Some have more bantering and trash talk, others are more laid back, some are more competitive and cut-throat, and others less so. Some worlds look away when vets swindle newer owners, others don't, etc. I think the best way to get a feel for a world is to read their classified thread and, especially, the world chat, if you're able to see that.