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All posts tagged "London Olympics"

  • Labor & EconomyJuly 17, 2012

    Plan B From Outer Space: Olympics’ Privatization Fiasco

    The London Olympics starting in two weeks will be an enormous logistical and security challenge for the city. More than four million people are expected to visit London over the Olympic period and billions more will be watching; 4.7 billion people from around the globe watched at least some of the Beijing Olympics in 2008.

    Under that kind of global spotlight, successful games will burnish the city’s glow and bring millions of new tourists for years to come. Failure, on the other hand, could tarnish the city’s reputation in the eyes of the world.

    London is off to a bad start. The private global security giant, G4S, hired to guard the games failed to meet their hiring targets. The British government has stepped in and called up 3,500 troops to fill in. It’s yet another example of public contracting gone bad.

    At first look,

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