Quote:
Originally Posted by Tinordi
Economists have measured these benefits and tried to put actual dollar figures to how much the intrinsic value is to people. When push comes to shove these benefits are about two orders of magnitude less than whatever the public cost was.
I've been beating this drum for a while now but there isn't one honest methodologically sound analysis that shows that public subsidies of private arenas is a sound economic decision.
And yes all the arguments you raise have been well explored.
Let's call this as it is. A bunch of billionaires see an opportunity to have someone else pay for their stuff. Who wouldn't try to bilk the unwashed masses and dress it up as civic pride?
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That's the problem though.
I am asking the question, does there have to be an economic value to make it something still worth doing? I am not trying to convert intrinsic value to economic value.
Surely there are things in the world that cost money and don't return a profit, but are still worth having.