from Stefan Molyneux
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According to a recent study from The University of Oxford and Said Business School examining the games between 1960 and today, the average inflation adjusted “sports-related costs” of the Summer Olympic games is $5.2 billion and the average cost of the Winter Olympics is $3.1 billion.
…but what is the human opportunity cost of the Olympic Games? Who profits from these athletic displays and what is the root cause of people investing their entire lives in many economically useless activities?
Sources
https://arxiv.org/ftp/arxiv/papers/16…
https://www.washingtonpost.com/sports…
http://www.tradingeconomics.com/brazi…
http://news.bbc.co.uk/2/hi/297030.stm
https://www.theguardian.com/sport/201…
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