Corruption in the Republic
Belief:
Hot, Steamy Mormons: Are the Latter Day Saints Getting Sexy?
Liz Langley
Corporate Accountability and WorkPlace:
Banks Get into the Unemployment Biz, and Quickly Start the Rip-offs
Barbara Koeppel
DrugReporter:
Congress Gets Its Act Together: Repeals Ban on Syringe Exchange Funding, Allows D.C. to Enact Medical Marijuana Program
Bill Piper, Naomi Long
Environment:
8 Things We Love That Climate Change Will Force Us to Kiss Good-Bye
Tara Lohan
Food:
Does Aspartame Cause Tumors and Pose Cancer Risks? The Jury Is Still Out
Scott Thill
Health and Wellness:
And They'll Call This Health-Care Reform: How Three Senators Are Extorting You For Their Big-Time Buddies
Robert Reich
Immigration:
Businesses and Unions Face the Guest Worker Dilemma
Maribel Hastings
Media and Technology:
Is Handwriting Going the Way of the Dodo?
Anne Trubek
Movie Mix:
Matt Damon and Morgan Freeman's Invictus Film Release Kicks Off New Campaign For Universal Declaration of Human Rights
Linda Milazzo
Politics:
Joe Lieberman's Former College Roommate on the Senator's Journey 'to the Dark Side'
Meg White
Reproductive Justice and Gender:
Can Boob Jobs Serve the Public Good?
Alexandra Suich
Rights and Liberties:
Always Controversial Cornel West Disses Obama, Survives Cancer and Almost Spent His Life in Prison
Terrence McNally
Sex and Relationships:
Guess What? Casual Sex Won't Make You Go Insane
Ellen Friedrichs
Take Action:
G-20 Meetings: Nothing Much Happened in the Suites, and There Was Too Much Punch in the Streets
Laura Flanders
Water:
Underused Drilling Practices Could Avoid Pollution
Abrahm Lustgarten
World:
$57,077.60 -- That's What We're Paying Each Minute for the Occupation of Afghanistan
Jo Comerford
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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