Are the Olympics a waste of money?

The Economist deserves credit for a very interesting poster campaign ‘Hosting the Olympics is a waste of money’. A careful reader of news might tell you that the governments can spend their time and money on better things. That these sports extravaganzas are not at all about sports, and do not really benefit the sports persons.

Even more so in the Third World. Not so long ago there was some debate about the usefulness of the Commonwealth Games held in New Delhi, but it died a natural death. Much ink was spilled about corruption, but once again nothing came of it. Well, not yet, at least. Things are back to normal, and I am convinced that India will soon start bidding for another one of those mega events. While public memory is short, personal interests stand tall.

Are the Olympics a waste of money, asks Economist ad campaign | Guardian.co.uk.

First published on March 16, 2011
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