Wednesday, 17 November 2010

Football and the Nanny state

Talking about Bellerive Oval ( HERE ) Paul Muller laments the lack of interest by Governments in spending further funds. “That it lies all but barren for the remainder would suggest to even armchair economists that it is failing to realise its profit potential”.

The world is awash with surplus supply capacity following the GFC. It surely cannot be a serious proposition to assert that such a situation requires Government funding to create more demand.

If so we’ll be insolvent even sooner.