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Is the Olympic model broken- is there a better way?
08/24/2016
Montreal Olympics took a long time to pay off- developed countries have problems too. Athens is an example of a country that suffered badly just following the Olympics, with poor management of public finances, and Greece is a mid tier European economy. It is not about discriminating against developing countries, because developing countries can if they look to show off match their public transportation systems with brand new subways and bullet trains to match those in China, which would get approval from the broad public. For example it would make no sense for India to build $12 billion of Olympic stadiums and related infrastructure, when it could first match China's transportation infrastructure, road building and subway/bullet train building, as well as invest in athletic facilities for every high school in the country. The politicians are sure to be reelected that way, the country get pride in its transportation system, and instead of 4 medals in all India could match Britain and the U.S. in having invested in the same way in sports programs in its high schools and colleges. What is better than that?
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Rio Games Highlight Problems With the Olympic Model
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