These Are the Actual Costs of the Rio Olympics

There’s a reason why few cities want to host the Games these days.

Charlie Riedel/AP

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As Summer Olympics organizers attempt to pull off a “cool” opening ceremony Friday at Rio de Janeiro’s Maracanã Stadium, many Brazilians are already fed up with the multibillion-dollar spectacle that economists have called a “money-losing proposition.”

Every Olympics since the 1968 Winter Games in Grenoble, France, has run over its initial budget, according to a working paper at the University of Oxford Saïd Business School. Long overshadowed by Brazil’s economic, political, and social instability, Rio 2016 is about to do the same.

 

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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