25 August 2010


"Baazeball hab been berry, berry goo to me."

Jeff Passan, of Yahoo! sports has a new article on corporate welfare, baseball division.

It's enough to make you hurl. But it does demonstrate the thesis of this endeavor: making rich folks richer doesn't make the rest of the economy and society any better off. Read it, you'll be fascinated. Some economists over the years have done peer-reviewd studies which demonstrate the same thing: subsidizing sports teams does nothing for the town, state, or country. I may do a study some day to determine whether the governments that approve such wealth transfers are largely Republican or Democrat. I have a strong suspicion.

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