Photographer: Dado Galdieri/Bloomberg

Why Do Sports Make Sane People Lose Their (Economic) Minds?

Every week, hosts Dan Moss, Kate Smith and Scott Lanman bring you a jargon-free dive into the stories that drive the global economy.

Police strikes, threats of Zika and a $20 billion tab: Welcome to the 2016 Summer Olympics games in Brazil. But Rio’s position isn’t just matter of bad luck. It was actually self-imposed. Every four years countries vie to be the next host of the summer Olympics, despite cautionary tales of unnecessary stadium spending from places like Montreal and Athens. What is it about sports that make otherwise rational politicians make irrational decisions? To help answer that question, Dan and Kate are joined this week by Neil deMause, an expert in the world of publicly financed sports facilities.

SoundCloud: 48: Why Do Sports Make Sane People Lose Their (Economic) Minds by Bloomberg

 

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