Corruption in the Republic
Belief:
What if People Actually Treated Religion as Just a Metaphor (Like Trekkies and Secular Jews)?
Greta Christina
Corporate Accountability and WorkPlace:
15 Signs American Society Is Coming Apart at the Seams
David DeGraw
DrugReporter:
When It’s Crunch Time at College, Students Turn to Adderall
Erik Hayden
Environment:
20 Weird, Crazy Ideas for Helping the Earth
Food:
The War on Soy: Why the 'Miracle Food' May Be a Health Risk and Environmental Nightmare
Tara Lohan
Health and Wellness:
Pharmaceutical Giant Paid $500,000 to Psychiatrist Who Used Chicago's Poor as Guinea Pigs
Christina Jewett and Sam Roe
Immigration:
Dobbs' Resignation Was Long Overdue
Janet Murguía
Media and Technology:
Is Right-Wing Media Hustler Trying to "Blackmail" Obama's Attorney General over ACORN Videos?
David Edwards, Muriel Kane
Movie Mix:
The Yes Men: Pranksters Out to Fix the World
Mark Engler
Politics:
New Right-Wing Craze: Using Bible Quote to Pray That Obama’s 'Days Be Few'
Amanda Terkel
Reproductive Justice and Gender:
Hey Guys, Don't Want Kids? A Vascetomy Is Probably the Way to Go
Anna Clark
Rights and Liberties:
Economic Crisis Is Getting Bloody -- Violent Deaths Are Now Following Evictions, Foreclosures and Job Losses
Nick Turse
Sex and Relationships:
How Abstinence-Only Programs Perpetuate Dangerous Stereotypes
Martha Kempner
Take Action:
G-20 Meetings: Nothing Much Happened in the Suites, and There Was Too Much Punch in the Streets
Laura Flanders
Water:
Poseidon's Financial Shell Game: Why Is a Private Desalination Plant Asking for Public Money?
Peter Gleick
World:
Army Sends Mom to Afghanistan, Infant to Protective Services
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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