Corruption in the Republic
Belief:
Is Blind Faith in God and the Bible a Modern Invention?
Devilstower
Corporate Accountability and WorkPlace:
Who's Paying for the Recession Most of All? Young Workers
Lizzy Ratner
DrugReporter:
Lies About Marijuana Drive People to a Much More Harmful Drug -- Booze
Steve Fox
Environment:
Why Max Baucus' 'No' Vote on the Climate Bill May Really Help Its Passage
Jeff Mcmahon
Food:
Soda Helps Make Americans Unhealthy and Fat -- Will Soda Tax Prevail Despite Pushback by Beverage Industry?
Christine Spolar, Joseph Eaton
Health and Wellness:
Do We Really Want to Enshrine Insurance Monopoly into Law? This and 5 Other Complaints About the Health Bill
John Nichols
Immigration:
NYC Marathon Raises Question of Who Is American Enough?
James E. Johnson, Jr.
Media and Technology:
How Biased Media Can Brainwash You
Melinda Burns
Movie Mix:
The Yes Men: Pranksters Out to Fix the World
Mark Engler
Politics:
4 Ways the Stupak Amendment Deprives Women of Access to Abortion
Jessica Arons
Reproductive Justice and Gender:
How the Stupak Amendment Radically Undermines Abortion Rights
Rachel Morris
Rights and Liberties:
"My Kids Want to Hide Their Identity; They're Scared Someone Will Attack Us": U.S. Muslims Being Targeted
Jaisal Noor
Sex and Relationships:
9 Silly Things People Say When They Hear You Don't Want Kids (And Ways to Counter Them)
Liz Langley
Take Action:
G-20 Meetings: Nothing Much Happened in the Suites, and There Was Too Much Punch in the Streets
Laura Flanders
Water:
Why Natural Gas Is Not a Clean Energy Panacea
Stan Cox
World:
10 Suicides a Month at Ft. Hood -- War Stress Is Taking Soldiers to the Brink
Dahr Jamail
How could one not be appalled by the porcine politics that pass for American Democracy these days? Each bill that slithers its way through this Congress soaks us more brazenly than the last.
In an economy where wages barely outpace inflation, the influence industry is booming; the number of creepy-crawlies on K Street has more than doubled in five and a half short years under the Bush Administration.
We all have our favorite exhibit of pernicious looting posing as public policy. Mine is a local phenomenon: the mega-bucks tax-payer financed sports stadium swindle. It's a perennial favorite -- some well-connected billionaire who makes the right contributions at City Hall and the Governor's mansion and is on the right cocktail circuit manages to convince a city full of hard-working Americans that they've got to buy him a new stadium. The pitch is always the same: the sweaty exertions of 'roid-raging pro athletes will bring prestige and prosperity and, most of all, jobs, jobs, jobs! As supporters of San Francisco's 3Com park pitched it: "Build the Stadium -- Create the Jobs!"
It's basically an old-fashioned grift on an enormous scale. Almost a decade ago, economists Roger Noll and Andrew Zimbalist undertook a study sponsored by the Brookings Institution that's considered a public-policy classic. They found that stadiums cost cities tens of millions of dollars in subsidies per year. Contrary to supporters' claims, "Sports facilities attract neither tourists nor new industry":
A new sports facility has an extremely small (perhaps even negative) effect on overall economic activity and employment. No recent facility appears to have earned anything approaching a reasonable return on investment. No recent facility has been self-financing in terms of its impact on net tax revenues. Regardless of whether the unit of analysis is a local neighborhood, a city, or an entire metropolitan area, the economic benefits of sports facilities are de minimus.But despite the debunking of the economic rationale (in subsequent studies as well) we keep falling for it. And our cities' fat cats -- the D.C. power-broker lawyer, the Cleveland shipping magnate, the computer direct-sales gazillionaire -- get fatter and our happy local politicians sit in the owner's box and moon for the cameras; mom and dad complain about the $8 dollar beers and $5 dollar hotdogs and never think twice about the $184 dollar chunk of concrete that they paid for even if they never once go to the park.
See more stories tagged with: corruption
Joshua Holland is a fair-trade activist, a freelance writer and a regular contributor to The Gadflyer blog.
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