Quote:
Originally Posted by theviolator
I think you are in the wrong thread? This is about Amazon not Olympics....oh wait, are you trying to correlate a one time event filled with bribery and corruption with a multi decade (century?) return on investment??
If you want to put it that way - fine.
What I'm trying to do is show that promises made but corporations when related to expected dividends from large scale public investments in their enterprises shouldn't be taken at face value.
We have a parallel situation in the UK with PFI (Private Finance Inititive) where the country is being/has been robbed blind by large corporations - which the public purse then has to bail out when it all goes tits up.
Private Eye did a great piece on it a few years ago
This is the story of the PFI: how it became a jewel in the crown of New Labour, its savings, its costs, its pitfalls and windfalls, and how it changed the face of British accountancy and British politics.
pdf of full report -
http://www.private-eye.co.uk/picture...rts/pf-eye.pdf
In summary - Corporations are all about themselves and any benefits - be that for NYC, Olympic/World Cup hosts or the UK under pfi deals - are greatly exaggerated or completely untrue.
I linked to many studies earlier in this thread related to US corporate welfare - it's all just different sides of the same coin.