Comments on: Who Pays for the Olympics? http://weakonomics.com/2008/08/15/who-pays-for-the-olympics/ Everything That's Wrong With You And Your Money Mon, 15 Mar 2010 16:08:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Emily http://weakonomics.com/2008/08/15/who-pays-for-the-olympics/comment-page-1/#comment-1512 Emily Sun, 01 Feb 2009 09:28:57 +0000 http://weakonomics.com/2008/08/15/who-pays-for-the-olympics/#comment-1512 Wow this was extremely interesting. I too am the odd one out in Olympic games watching due to high school swim team as well, and to think I was so concerned with the Phelps phenomenon that I didn't stop to think about the capital being flung around for the whole thing. My finance profs would be so ashamed. :) Wow this was extremely interesting. I too am the odd one out in Olympic games watching due to high school swim team as well, and to think I was so concerned with the Phelps phenomenon that I didn’t stop to think about the capital being flung around for the whole thing. My finance profs would be so ashamed. :)

]]> By: the weakonomist http://weakonomics.com/2008/08/15/who-pays-for-the-olympics/comment-page-1/#comment-1274 the weakonomist Sat, 16 Aug 2008 12:14:23 +0000 http://weakonomics.com/2008/08/15/who-pays-for-the-olympics/#comment-1274 I have heard similar rumblings about what the Chinese did to make these Olympics happen. It is saddening. At the same time our President did have an interesting comment about the Chinese. He said that they still have a long way to go, especially in the categories of treatment of citizens and various freedoms we have in the US, but the Olympics can also be a celebration of how far they've come. Little comfort for those that suffer, but for once our President has added some perspective. It certainly is an awkward situation. You're correct about countries going in to debt to prepare for the games, but like a company, they are investing with the expectation of a great return on that investment. Whether a country should act like that or not is debatable, but they all do it. But I'd rather issue government bonds to build a stadium that go into debt for senseless wars. I have heard similar rumblings about what the Chinese did to make these Olympics happen. It is saddening. At the same time our President did have an interesting comment about the Chinese. He said that they still have a long way to go, especially in the categories of treatment of citizens and various freedoms we have in the US, but the Olympics can also be a celebration of how far they’ve come. Little comfort for those that suffer, but for once our President has added some perspective. It certainly is an awkward situation.

You’re correct about countries going in to debt to prepare for the games, but like a company, they are investing with the expectation of a great return on that investment. Whether a country should act like that or not is debatable, but they all do it. But I’d rather issue government bonds to build a stadium that go into debt for senseless wars.

]]> By: Ghostrider http://weakonomics.com/2008/08/15/who-pays-for-the-olympics/comment-page-1/#comment-1273 Ghostrider Sat, 16 Aug 2008 05:25:26 +0000 http://weakonomics.com/2008/08/15/who-pays-for-the-olympics/#comment-1273 I know that the hosting country pays for setup and I think China has done an awesome job hands down. The opening ceremony was breath taking. But it all comes back to sponsor ship as you said in your article. I read an article in Maxim that says the Chinese govt displaced 720,000 people in order to build up the Olympic area. I am saddened by that research. They also state in a separate article that other less wealthy countries have gone into debt to build up their venues instead of using what they have. A choice of their own doing but how is that better for their country? IDk The commercials are what get me. over half of them have nothing to do with sports of any kind. Like Chevy another extremely heavy investor in the games. I guess if they can't make up the money in the games they pass it on to the consumer. I know that the hosting country pays for setup and I think China has done an awesome job hands down. The opening ceremony was breath taking. But it all comes back to sponsor ship as you said in your article.
I read an article in Maxim that says the Chinese govt displaced 720,000 people in order to build up the Olympic area. I am saddened by that research. They also state in a separate article that other less wealthy countries have gone into debt to build up their venues instead of using what they have. A choice of their own doing but how is that better for their country? IDk
The commercials are what get me. over half of them have nothing to do with sports of any kind. Like Chevy another extremely heavy investor in the games. I guess if they can’t make up the money in the games they pass it on to the consumer.

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