Could Olympics Undo the Global Economy?

...Each time such rushed and irrational Olympic infrastructure is built, there is a danger that someone somewhere won't be able to pay their bill when the party is over. In the case of Greece, their Olympic-related debt crisis now threatens to spill into the beleaguered British ba...nking system and perhaps the world. It does not help that the IOC exists in ethereal state of enormous power and virtually zero accountability. The opaque body based in Geneva has a budget in excess of $4 billion yet was recently ranked as the least accountable organization in the world, behind Halliburton, NATO and the International Atomic Energy Agency.

This lack of transparency coupled with enormous sums of money associated with games created conditions where corruption was almost a certainty. Ten members of the IOC were forced to step down in the wake of the 1998 games due to allegations of bribery.

Read on to find out how Greece' 2004 Olympics may topple EU economy - and quite possibly affect the world in the process. Are we so immune here in Vancouver? I will let you be the judge...

http://thetyee.ca/Opinion/2010/02/17/OlympicEconomy/

Reply Back:

2/17/2010 11:34:24 AM

Share:

IOC has grown to be an organization that muscles its way into other countries and their guidelines on how the Olympic city host have to almost anything supplants now the hosting country's own laws. This is the case with Vancouver's Olympic games. Since when an external organization can operate in our country and violate our laws? Canadians should be up in arms over the fact that IOC successfully forced the province and he city of Vancouver, Richmond and Whistler to revoke some of our civil liberties. This goes against our charter of rights and freedoms.

Celebrate Olympics - sure! But not when the Olympics will trample with our basic rights and freedoms. That has a different name: 'dictatorship'. I've seen it and don't want any of it.

Reply Back:

2/2/2010 1:09:20 PM

Share: