Cities hosting the Olympics tend to lose money on the event. Paul Bickley delivers a reality check:
Philosophers of sport have rightly complained when societies have tried to twist sport to ulterior motives, be that economic growth, moral improvement, or a healthy society. Its affective power makes it appealing for politicians, and easier to believe inflated claims. But its effective power, its power to achieve things, is much more limited than we like to think. All we succeed in doing, in the end, is making sport less fun than it should be.