Wednesday, April 30, 2014

Steve's barking; Olympics good for Brazil?

A large portion of the Brazilian population is against the Olympics being staged in Brazil. The argument being that the resources that the Brazilian government is using for the hosting the Olympics and the World Cup should be used to fight poverty. In fact there have been fierce* demonstrations against the holding of the Olympics and the World Cup in Brazil. (This in a country that adores (football) soccer to the point that it's a national obsession).
Now many an economist will say that hosting these sporting events are not justified, even taking in a nations pride that goes with them. Even the ones that make money they will tell you aren't worth the effort, for only the few get benefits from them.

In Rio de janeiro they are clearing the slums, and it is not pretty. To host the Olympic games a clean up of the water ways has to take place. Housing for the Athletes have to be built that will be used after the Olympics. Transportation has to be improved for the games.
Now one has to ask one self, are the clearing of the slums, cleaning the water ways, building new housing, improving transportation important for Rio? If yes and like me  you think that there isn't a will to do these things unless there is something like an Olympics. Then Rio having the Olympics is a good thing.

*Riots

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