Why Hosting The Olympics Isn't Worth It Anymore

11 months ago
It's no secret that it's a pricey pain to host the Olympic Games, running billions of dollars above the estimated budget. As the International Olympic Committee receives fewer bids with each problematic games, the future of the tradition is looking unsure. We spoke with Smith College Professor of Economics Andrew Zimbalist on the matter. He should know, he's written about the Olympic issues in Circus Maximus, No Boston Olympics, and Rio 2016.

--------------------------------------------------

Follow Business Insider on Twitter: https://twitter.com/businessinsider
Follow BI on Facebook: http://bit.ly/1W9Lk0n
Read more: http://www.businessinsider.com/

--------------------------------------------------

Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.

Why Hosting The Olympics Isn't Worth It Anymore

Similar Videos


8 Eerily Abandoned Olympic Parks; This Is What Happens Whe...
Worst Company Disasters! | Top 6 Blunders
What Engineers Found When They Tore Apart Tesla's Model 3
Astronaut Chris Hadfield Debunks Space Myths | WIRED
10 Letters We Dropped From The Alphabet
The Yamuna, India's most polluted river
SCAMMERS are Everywhere in CHINA!
How Overnight Shipping Works
Places No Human Has Ever Set Foot on Earth