Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Impunity wrote: And if you are poised to earn three times hat amount?
3 times from where??.Beijing spent USD 3B and made a paltry USD 170M.....as for London,there are doubts as to whether they will make a penny Clearly the authorities massively misjudged, but it was entirely because they refused to believe the evidence of past games. They were glory-blinded. Had the government said from the start that London was a rich city staging the Olympics as a costly but generous gesture to the world, there could be no further argument. Ministers said no such thing. From Cameron down, they claimed the games would make money, now and, if not now, then some time in the future. This was plain dishonest. Everyone knows there is no Olympic legacy, but, as with Santa Claus, we dare not tell the children.
London will not recover the cost of the Olympics and may as well forget it. Having spent the money we should at least lie back and enjoy it. But we should stop pretending. The real victims of London's mind-numbing mendacity will be the poor and hapless citizens of Rio in 2016. They really cannot afford it.Nothing great was ever achieved without enthusiasm.
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