The Olympic Games will be held in Britain this summer. Is this all Essay

The Olympic Games will be held in Britain this summer. Is this all good news What might be the objections to hosting this aftermath - hear ExampleBeijing Olympics is believed to be the best Olympics held in the history. Britain wanted to conduct the coming Olympics even better. The competitor between host nations caused huge financial burdens upon the host nations.capital of the United Kingdoms Olympics has become the subject of enraged debate four years before the torch is even lit. Time Out explores the pros and cons of the 2012 Games, arguing that the event will significantly boost the capital and the nation(Hodges, 2012). Many people already questioned the logic of consumption too much money for London Olympics, especially at a period in which Britain is struggle to revive its economy. It should be noted that fresh recession caused huge damages to British economy and Olympics similar expensive events may worsen the problem further. This paper argues against spending too much money for London Olympics.Hosting is very expensive. In recent times the Olympics have never made a direct profit. The statement process alone for 2012 will cost each bidding city around 20m and whichever is selected will digest to pay at least 6.5bn (Paris). With increased security fears Athens spent $1.5bn on security step forward of a total of $12bn on the 2004 games. The burden of this cost falls on government (and therefore the taxpayer), companies and individuals. some(prenominal) Paris and Londons local governments have put aside around 2.4bn which will pie-eyed 20 per year extra in tax for every household in the cities (Bailey, 2008).Some of the recent reports showed that the total expenditure of London Olympics may cross even 9.3 billion pounds ($13.54 billion). It should be noted that numerous people in Britain are currently struggling because of the negative impacts of recent recession. The organizers of London Olympics are of the sight that Olympics may stimu late the countrys economy. In their opinion, tourism revenues could be increased a draw as result of London Olympics. But, they are keeping a blind eye towards the fact