Regarding the upcoming London Olympics the author illustrates the principle that a ruling class and the system from which it derives its power puts its stamp on every significant institution in that society. He also shows how the One Percent not only benefits from their disasters, but also from their celebrations.
...while disaster capitalism eviscerates the state, celebration capitalism manipulates state actors as partners, pushing economics rooted in so-called public-private partnerships. All too often these public-private partnerships are lopsided: the public pays and the private profits. In a bait and switch that's swaddled in bonhomie, the public takes the risks and private groups scoop up the rewards.