Corruption in the Republic
Belief:
Hey Religious Believers, Where's Your Evidence?
Greta Christina
Corporate Accountability and WorkPlace:
Congress Can Kill Outlandish Bonuses for Wall Streeters: Why Won't They?
Sam Pizzigati
DrugReporter:
The Feds Are Addicted to Pot -- Even If You Aren't
Paul Armentano
Environment:
What's Cap and Trade? A New Video Breaks it Down and Reveals the Plan as a Scam
Janet Redman
Food:
Righteous Porkchop: Vegetarian Rancher Explains How to Raise Animals the Right Way and the Ills of Factory Farms
Tara Lohan
Health and Wellness:
25 Years Since the Bhopal Disaster, We've All Become Victims of the Chemical Industry
Gary Cohen
Immigration:
Italy's Media Wrestle With Immigrant-Bashing
Sandip Roy
Media and Technology:
Teflon Dick: How Cheney Uses Media For Protection
Linda Milazzo
Movie Mix:
Disney Apocalypse: Why 2012 Sucks
Alexander Zaitchik
Politics:
Senator Sanders Unfiltered: Where Was The Fed?
Sen. Bernie Sanders
Reproductive Justice and Gender:
How Our Health System Screws Over Women
Barbara J. Berg
Rights and Liberties:
Purple Hearts On Death Row: War Damaged Vets Should Not Be Executed By the State
Karl R. Keys, Bill Pelke
Sex and Relationships:
6 Tricks to Sex After a Divorce
Julie Bogart
Take Action:
G-20 Meetings: Nothing Much Happened in the Suites, and There Was Too Much Punch in the Streets
Laura Flanders
Water:
The First Projections for Water in 2010 Are Out: Prepare Now for Another Dry Year
Peter Gleick
World:
Honduras: What Now?
Thelma Mejia
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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