The Broken Economics of the Olympics

Sign up to Brilliant for a free 30 day trial and you'll also get 20% off an annual premium subscription: https://brilliant.org/tldr/ The Olympic Games in Paris are now in full swing - although, at quite a hefty cost. So, let's unpack the economics of the Olympics, and why they're kind of broken. 🎞 TikTok:   / tldrnews   💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA Support TLDR on Patreon:   / tldrnews   Donate by PayPal: https://tldrnews.co.uk/funding Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought. TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!