Dec 7, 2013
Let Them Eat Sports
Posted on Jul 26, 2012
As public sector jobs, education, health insurance and social welfare programs crumble amid the specter of economic austerity, the British government has spent more than $14 billion on preparations for the 2012 Olympic Games—far more than the $4 billion that was estimated a few years ago.
Prime Minister David Cameron claims the Games could attract more than $20 billion to the British economy over the next four years. But experts are skeptical.
As Ned Resnikoff explains at MSNBC’s Lean Forward blog, there’s more to this spending on a one-time sporting event than just where the money goes. London’s workers and the nonlocals who have been shipped in to run the gears that keep the Games moving are being subjected to miserable working conditions.
—Posted by Alexander Reed Kelly.
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