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A comment on Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B. Parent comment

Re:Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B by Retric on Wednesday May 01, 2019 @11:23AM (#19797897)
In formal terms it’s another case of the. https://en.m.wikipedia.org/wiki/Principal–agent_problem

People making these decisions don’t care if it’s a net loss to other people as long as they personally benifit. As long as the rest of the US subsidies it, LA can still profit.

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Re:Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B by drb91 on Wednesday May 01, 2019 @11:27AM (#19797943)
Of course, they won’t build housing, schools, libraries, services, or hospitals, so it’s hard to see how this will benefit the people of LA at all.
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Re:Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B by gbear605 on Wednesday May 01, 2019 @01:23PM (#19799432)
They’ll build public transit, which is a benefit to the people of LA. Perhaps not worth it, but still a benefit.
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