Cronyism Corrupted Sochi Olympics

See on Scoop.itEconomicFactors

The untold story of these Olympics is the cronyism that went into building the venues.

Bill McKee‘s insight:

Big Government invariably attracts corruption.  "It’s where they keep the money"… Government appointees and bureaucrats, control money they never earned.. and empowered to decide who is rewarded with crony .. er, government… contracts.  You can imagine how popular these government employees become to the criminal element.  What could go wrong??  Well, here’s an example of a few ways government control of money leads to corruption.  It’s nearly impossible to escape.

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