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The Costs Of Brazil Vs Germany: Protest And Poverty At Brazil's World Cup | Learn Liberty

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Brazil gained prestige in landing the World Cup and Olympics, but sometimes hosting a major global event isn't as glamorous as it seems. For a start, it's difficult to justify massive spending — Brazil plans to spend $31 billion between the two — for such a temporary payoff. . Many venues created for these events, including those erected for the Olympic Games in Athens and Beijing, have fallen into disrepair after the celebrations ended. Many workers die on these massive construction projects — hundreds, already, for Qatar's 2022 World Cup. Government often evicts lots of people from their homes, as Beijing did to over 1.5 million people in anticipation of the 2008 Summer Olympics. So why are cities and countries so eager to host? Often for the international prestige. However, support can sour quickly, as it has in Brazil, when the real costs became more apparent. Economist Matt Ryan from Duquesne Universityasks you to consider those costs now - a country that wins the bid may lose big overall.► Learn More:"3 Reasons Why Hosting the Olympics Is a Loser's Game" (article): Andrew Zimbalist argues that the Olympics fail to bring in tourism revenue and spending is captured by private interests.http://bit.ly/Tnsd4j"Olympics Disasters: 5 Cities That Spent Too Much" (article): Mega events can bankrupt a city.money.cnn.com/gallery/news/2013/09/07/olympics-cost/2.html"Helio Beltrão: World Cup Cronyism and the Liberty Movement in Brazil" (audio): Businessman Beltrão discusses the costs of the World Cup.http://bit.ly/TnsK6d► http://LearnLiberty.org► http://twitter.com/LearnLiberty► http://google.com/+LearnLiberty► http://facebook.com/LearnLiberty► http://youtube.com/user/LearnLiberty
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