The Olympics, really why bother?
Increasingly professional (money matters a great deal) what is the point. It begins to read like a pyramid scheme; sure some few of the athletes make a ton of money from endorsements, really the big money ends up in the hands of developers, promoters and marketers. Spin offs! Trickle down! Spreading the net of affluence!
Hogwash!!! Hosting the Olympics is generally a net loss, with the hosts saddled with infrastructure that continues as a drain on revenue. The poor see little or nothing; likely losing on the exchange as resources are redirected to luxury expenditure.
The Olympics: Why Bother?
http://www.cbc.ca/news/business/olym...ttis-1.3726383
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