The EU has contributed €16m to Paramount’s new park in Spain. Russia’s government is helping to finance a nationalist-themed park near Moscow. But official handouts are no guarantee of success: 70% of the 2,500 theme parks built in China, many with generous state help, have closed down or are losing money. Theme parks in Europe: bumpy rides ahead, 'The Economist', 9 MayIf governments everywhere didn't waste your money on propping up inefficient industries everywere or bailing out failed banks you might almost think their goal in subsidising theme parks is the single one of keeping us distracted. As it is, it's uncertain whether that is their main goal, or whether they just enjoy speculating on photogenic projects with your money. Why immensely wealthy multinational corporations are thought to be more deserving of help than the poor, or disabled, or the homeless is not obvious.
09 May 2015
Distracting the masses
How government spends your tax dollars: