The $42BN Olympics

China has spent a record breaking sum of money, $42BN, on the forthcoming Beijing Olympics (due to start on 8 August).

Included in the bill are the costs of the $3BN new airport terminal, and the $500M "Bird's Nest" National Stadium. The last Olympics in Athens in 2004 cost $15BN, and bankrupted the Greek government.

Whilst China may be able to afford this, what of the future?

Which countries seriously want to spend absurd sums of money such as this, merely to hold a two week sporting event designed to promote international consumer brands and to temporarily shore up a faltering government's popularity with their voters?

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