Hyack Hyack:
Which is the reason why it is getting harder every year to find a realistic bid for the games. People are finally realizing the financing of the games has spiraled totally out of the realm of reality. The millions upon millions of dollars spent on the games will never be recovered in their lifetime, if ever!! The only countries willing to host the games are the ones where the local population have absolutely no say in the matter....Russia, China, N Korea.....
It's so morally and ethically repellent that it makes the classic rip-off of an NFL team extorting a billion-dollar stadium in a city, to be built entirely at taxpayers expense, with the threat of moving the team elsewhere if the city doesn't cave in to them look like a bargain in comparison. Rio 2016 could end up doing to Brazil in terms of wasted/stolen/lost money the same thing that 2004 did to Greece.
Good analysis here of the collapse of the Brazilian economy and how the Olympics are the absolute worst thing that could have happened to them. No amount of national pride was even remotely worth the cost that country is paying right now and will be paying far into the future.
http://thinkprogress.org/world/2016/08/ ... m-to-bust/