Paris and LA bids to host Olympics expose deeper crisis at Olympic Games

The Olympic Games cost a great deal of money, and cost overruns are endemic

It’s official: We now have hosts for the next two Summer Olympics. Paris will host in 2024 and Los Angeles in 2028.

It looks like a victory for the International Olympic Committee, as the result could be Olympic Games without the embarrassments of empty seats and foul water of Rio, the massive cost overruns of Sochi or the awkward political moments of Beijing.

But the announcement also marks a failure: Only two cities competed for the 2024 Summer Olympic Games – Paris and Los Angeles – and