Originally produced on Aug. 8, 2016 for Mauldin Economics, LLC
The Olympics have begun in Brazil. The games were greeted by massive demonstrations by Brazilians. With Brazil facing hard economic times, many thought that spending more than $12 billion hosting the games was outrageous. The demonstrators felt there were better uses for the money. Supporters argued it would add to Brazil’s worldly luster.
The Olympics of ancient Greece focused on the individual athletes. Spectators knew which city the participants came from, I assume. Still, the glory went to the athlete, and it was his tale that was told. The stories and poems of sacrifice and triumph carried the memory of the contest. That was the only way for those who were not present to know what happened.
The stadiums and crowds were small, but the memories remain after 2,500 years. In the modern age, we try to remember through technology. Yet, the sheer mass of data can hide what is important. There
Understanding geopolitics starts here.