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[–] SandHog ago 

The Olympics are pushed by the bankers in order to leverage crippling debt on host countries.

In his 2016 book about the Olympics, Smith College professor Andrew Zimbalist discusses the “illusion” of economic effectiveness associated with the games and applies them to Tokyo. Zimbalist points out that no host city since 1960 has ever stayed within its proposed initial budget — Athens, he says, ended up spending 10 times — and, in fact, in order to pay off some of the enormous debt generated by the games, many ended up slashing public services, including those related to health and education, in order to stave off bankruptcy. Even the much-ballyhooed windfall of increased tourism is deceiving. During the summer of 2012, London actually saw a net 6.1 percent decrease in visitors compared to 2011 due to security jitters, thus negatively affecting theaters, concert halls, museums and retail outlets.

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[–] BitChuteArchive ago