The Olympics: The Biggest Corporatist Sports Scam of All

[redcliffsw]

If this were all privately financed, there's no reason to complain, but the IOC can hardly be described as "private sector." The Norwegian controversy highlights that fact that, according to The National Post, "the International Olympic Committee is a notoriously ridiculous organization run by grifters and hereditary aristocrats [read: the descendants of highly successful thieves and murderers of old]."

Not surprisingly, Kazakhstan and China, those great bastions of thriving free markets, continue to compete for the chance to host the 2022 games. This, of course, only lends more credence to the assertion that the Games have become an enormous exercise in international prestige and fantasies about the Keynesian multiplier in which the central planners assume that it is much better to force the people to pay for another luge track rather than just allowing them to waste their money on food, clothing, or education.

http://www.lewrockwell.com/2014/11/ryan-mcmaken/the-biggest-crony-sports-scam-of-them-all/