So the aggregate result is everyone is poorer, on average, in the long-run because they don’t capture the economic value of the event well. And you see the happiness and social value of making this a public good instead of a private profit maximizing endeavor. In short, the American model creates a wealthier, more capitalized industry, while the European model sacrifices financial maximization to generate a widely distributed, unpriced public good. We defund public schools and public transportation and public health services and watch corporations eagerly fill the gaps. When Americans look at a big fun public event in another country and wonder, sincerely, “Shouldn’t this be more enshittified?”