Were the Olympics Worth It?

“Posted on the Chinese MSN site, an article (that appears to have originated at ifeng.com) discusses whether the Beijing Olympics were worth their unprecedented budget, with opinions from economists and average readers, pro and con. But the article never says what the graph makes clear: over half of those surveyed said the Games just weren’t worth it.” From the Foreign Expert blog:

THE ARTICLE:

Is it worth it for China to spend so much money on the Beijing Olympics?

According to a report, China has spent about $43 billion on the Beijing Olympics; this number makes the Beijing Olympic Games the most expensive Olympic Games in history.

It depicts China as a country that spends money improvidently and it also starts a debate among people on the success of the price paid. Some proposed on overseas Chinese Internet chat rooms that spending the money on helping the poor would be worthier.

olympicsworthitgraph

Is it worth it? Online surveys show big differences:
In a survey in which nearly 70,000 people participated, 36.4 percent of Netizens believe the money has been spent in deserving places, “This investment is not excessive at all,” while 13.3 percent of Netizens think they still need time to see. “The results need some time to be evaluated.”

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