It's overall a nationalistic country level flex at the expense of the local area. It's part of why only big countries host it, the side affects will only affect one city and you have other places to sustain the nationwide economy despite the hit.
It's overall a nationalistic country level flex at the expense of the local area. It's part of why only big countries host it, the side affects will only affect one city and you have other places to sustain the nationwide economy despite the hit.
https://www.google.com/amp/s/www.businessinsider.com/abandon...
Also; very few countries has a need for facilities with the capacity the Olympics require, so this would be a huge burden for most of them.
> we look forward to doing so again in 2028
Oligarchs and capitalists benefit, the masses lose though. Especially those most vulnerable socioeconomically.
As long as the government doesn’t lose money, I’m happy. Plus it will be nice to get to LAX without driving a 30 minute loop through the terminals. I’m very excited about that line.
Also Nationalism isn't just flags, hate and hands in the air, it's also an outward expression of ideas and ideals raised on a pedestal to say look how great we are. Such as getting to say "we are all about competition and entertainment" as a story to tell the world as a form of soft power.
Ask those who want to immigrate, and ask the recently immigrated who now want to preserve what they have.
As with...all...of its Olympic bids, LA was not the first choice for the 1984 Olympics. It basically got those Olympics (and 2028, and the 1932 Olympics), because nobody else wanted to host them. In 1932, the world was in the throes of the Great Depression; in 1984, the previous Olympics had bankrupted their hosts; for 2028, hosts of the 20xx games exuberantly built new facilities only to see them wither into decay from non-use (Brazil, China, even London).
Thus, LA's bids have always focused on fiscally responsible games. As with the previous 2 iterations of the LA Games, LA will not be building many new facilities solely for the games. Indeed, currently, LA plans to build no new facilities for the games, though there will be temporary structures/courses built for the swimming events, the BMX and MTB racing events, and NBC will be paying for a temporary media center. Currently, all $7 billion of the estimated costs are being funded by the private sector.
wasn't the London one supposed to have been done cheaply and effectively, in contrast to the splurge of the previous two?
For comparison, the combined total of LA's three Olympics (adjusted for inflation and including the forthcoming games) is well below $10 billion.