Thursday, July 25, 2013

The one thing I am libertarian about

I give libertarians a hard time sometimes because I think they're quite obviously wrong about tons of things. However, there is one thing where I would completely and wholeheartedly agree with them.

Sports stadiums. There should never be a single dollar paid from the public coffers for professional sports stadiums. If the stadium were a good investment, there would be a private investor for it.

Detroit just declared bankruptcy shortly after spending hundreds of millions of dollars on sports stadiums which completely flopped.

The concluding paragraph says it all:

Detroit may no longer provide pensions or adequate municipal services. But it will have state of the art sports venues…for at least a few years…until some other city builds a cooler one.