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In many nations, some assert that the Olympic Games (four-year carnival of world sports) bring people of different ethnicities together while others think that hosting the Olympics is a huge financial waste. Honestly, I think both sides have valid viewpoints, and I believe that this is basically a waste of money.
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One study by Oxford University academics found that every Olympics since 1960 has overrun its budget by an average of 172 percent in inflation-adjusted figures. They concluded that it was “the largest overrun on record for any form of the megaproject,” considerably surpassing the cost of building roads, dams, bridges, and other significant projects. A nation and its economy are seen as having succeeded when they organize a major sporting event like the Olympics, signaling its entrance at the global dais. Sadly, the money used to develop the Olympic infrastructure has only temporary advantages. But, the negative impact it caused has a long-term impact. Stadiums and venues are typically abandoned after the Olympics, leaving nothing but a built- up husk that occupies space while it deteriorates.
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Not only does it affect economics and environmentalists, but also the average individual. Even while those same tax resources could be funding more worthwhile initiatives, like eradicating world hunger, billions of dollars go towards staging the Olympics. Reliefweb claims that, despite widely varying figures, it might only cost $10 billion a year to put an end to world hunger. Japanese citizens are furious about the cost of the 2020 Tokyo Olympics, which are estimated to have cost $15.4 billion, while their nation struggles to recover from the COVID-19 pandemic.
In conclusion, the Olympics are a burden on the local economies of the communities that host them, leaving vacant buildings where a once-glorious event formerly took place. The Olympic Games, once a beautiful festival of athletics and sports, now do more harm than good and are a waste of time and resources, much like the pollution they produce.
Ethnicity – the fact of belonging to a particular race
Overrun – to make more time or money than was intended
Inflation – a general rise in the prices of services and goods in a particular country, resulting in a fall in the value of money
Worthwhile – important, enjoyable, interesting, etc.; Worth spending time, money or effort on
Burden – to give somebody a duty, responsibility, etc. that causes worry, difficulty or hard work