Why do cities and states fall all over each other to force billions of dollars of subsidies into the pockets of billionaire professional sports team owners? Is it merely that they want to qualify as “major league cities?” Does it make economic sense (answer – of course not) or is it just to enhance the egos of local politicians and enrich local real estate interests? And aren’t the professional sports teams a monopoly, subject to anti-trust regulation? You’d think so. Imagine a retailer having to obtain the permission of Macy’s before opening a store near a Macy’s? In America professional sports leagues have been exempt from anti-trust laws since a 1922 U.S. Supreme Court case held that baseball was not “interstate commerce.” Robbing from the poor (and middle class) to give to the rich. Robin Hood, where are you when we need you? Skip Sauer, Professor of Economics and Chair of The John E. Walker Department of Economics at Clemson University has studied this issue extensively and joins Bob to discuss the subsidizing of professional sports teams by local governments. The politics, the economics, the insanity. It ain’t pretty.
Later, Bob is joined by Mitch Jeserich, host of Pacifica Radio’s Letters & Politics (KPFA in the Bay Area), to discuss the contentious (to say the least) issue of gun control. Are libertarians closer to progressives or to conservatives on this complex issue? The 2nd amendment is only 27 words long, and its three commas have been parsed and parsed for 200 years. What does the Amendment mean? Does it matter? Bob and Mitch will try to sort it out.