Archive of Power Games

Although GANEFO’s genesis was related to diplomatic problems that arose from Indonesia’s hosting of the IV^th Asian Games in 1962 and the subsequent suspension of the Indonesian Olympic Committee, it was also an explicit attempt to link sport to the politics of anti-imperialism, anti-colonialism, and the emergence of the Third World.

Hosting the Olympics on the world stage provides host governments with the incentive to bail out fiscal mishaps so as to avoid embarrassment under the global media spotlight. Knowing this allows private firms to relinquish responsibility when the going gets rough.

The housing market has in recent years become one of the central pillars of global financial capitalism. That has happened over the entire world — in a variety of ways. By abolishing all prospects of social housing, countries have propelled these processes. Thus the purchase of property on credit has prevailed as the only means of gaining access to housing.