By Nicos E. Devletoglou – After a huge £20 billion of taxpayer money had already been practically exhausted staging the Games. In the midst as well of a deepening recession with the British economy expected to “grow” this year by a mere 0.2 per cent. In all, a vastly greater (and thus also morally dubious) level of expenditure than the original estimate that had helped secure the Olympics from serious competitors such as the cities of New York, Paris and Madrid.
The necessary and sufficient conditions here are easy to guess. First, a great sporting festival must also be capable of making a net social contribution to the world at large. And, second, it must naturally be held at the same location permanently; thereby maximizing its global efficiency creating a much lower financial burden with minimum disruptions to free movement and a maximum security package at a much more reasonable cost resulting from internal increasing returns on scale. more> http://tinyurl.com/8hnysco
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