In 2010 South Africa hosted soccer’s World Cup. To ready itself for its hosting duties, the country’s government spent enormous sums of money on new stadiums. South Africa’s economy must be much larger today as a result, right?
No, it’s still incredibly poor. So is Athens rather poor despite all the spending meant to ready it for the 2004 Olympics. Same with Brazil after it hosted the 2016 Olympics. While gargantuan amounts were spent on stadiums and infrastructure ahead of these global events, all the three countries have to show for the waste is hulking stadiums mosty in disrepair from a lack of use.
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