The real economics of dinosaur racing

At last, someone has put the lie to all of the hype about the supposed economic benefits of public subsidies for mega sporting events like Townsville’s (for now) annual dinosaur racing extravaganza.

Chris Berg from the Institute of Public Affairs (not exactly my favourite think-tank) writing in nationaltimes.com, points out the shameful secret: the economic benefits of holding mega events are almost entirely fictitious.

It’s about time our local and State politicians fessed-up – public subsidies for dinosaur racing is simply about buying our love (and votes) – and with our own tax money.