San Francisco has six municipal golf courses -- and they are losing money. Now there is all sorts of hand-wringing over what to do about it.More socialist golf courses mean fewer poor and middle income people can live in "compassionate" San Francisco.
An economist might see this as a non-problem. If the golf courses are losing money, then get rid of them. Given San Francisco's sky high land prices, selling the land that the golf courses are on would bring in millions, if not billions, of dollars.
But such advice is why so few economists get elected to political office.
A politician has to be all things to all people -- a friend of the golfers, a protector of the workers who maintain the golf courses, and of course a believer in mother and apple pie.
Even the suggestion that the golf courses might be turned over to some private operator of golf courses has caused opposition. One golfer declared: "Privatization would raise greens fees. Nobody could afford it."
This is the kind of talk that has to be taken seriously by elected officials, even if an economist would dismiss it as sheer nonsense. Have you ever heard of any business raising its prices to the point where it no longer had any customers?
Obviously, what "Nobody could afford it" really means is that this particular golfer and others like him might not be willing to pay it. But that is the whole point of prices -- to determine where resources go when different people want to use the same resources for different purposes and have to bid against each other.
Tuesday, February 20, 2007
San Francisco's Wealthy Use Poor People as Part of Golf Scam
Thomas Sowell reports on using the poor for fun and profit: