Sunday, June 17, 2012

Olympism Profiteering, Exploitation And Corruption

Olympism Profiteering, Exploitation And Corruption: Olympism is big business. The London summer games is billed as perhaps the city's biggest ever spectacle. It's expected to gross about 10 billion pounds (about $16 billion dollars). Tourists are expected to spend another $3 billion or more.

Security will cost over $2 billion. Total costs will top $30 billion. Brits, of course, will pay the tab. They get the bill, not the profits. This in a city with nearly one-fourth of the population impoverished. In some areas, child poverty approaches 50%. Conditions are getting worse, not better.

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