FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

posted on 24 August 2016

Rio Olympics 2016 and More

Written by

Rio Olympics 2016 closed on August 21. I thoroughly enjoyed it by spending numerous hours watching it, just as I did with all the recent Olympics! What about you?

Because I wrote about the past two Olympics (Swimming, Olympics 2012, and More and The 2014 Sochi Olympics), I will continue the tradition by writing about this one. Very importantly, because the Summer Olympics always occur during an election year for the American President, I will briefly link them together again, just as I did in 2012 (Olympics 2012, Economies, and The Next American President).

1. The Olympics

I love the Olympics! I think the Olympic spirit represents the best of mankind: peace and the demonstration of excellence in athletic ability & beauty! This is particularly poignant today, as the world is so full of conflicts, with the Mideast and Europe in their worst shape since WWII!

The Olympics have always been a microcosm of the world, for bad (e.g. 1936 Summer Olympics) or good (e.g. 2008 Summer Olympics). This one was no exception in two major aspects, at least.

  1. In terms of the medal table, America continues to dominate, with China being a distant second.
  2. The rise of the rest, with several countries winning their first gold in the Olympics (e.g. Singapore in swimming, Vietnam in shooting, and Fiji in Rugby)!

Let me further elaborate on each ...

2. The medal table

One of the biggest deals for the Olympics is the medal table. Your country's rank in the medal table is far more than a bragging right - It actually reflects, largely, your country's economic standing in the world!

The two tables below highlight the medal winners for the past two Olympics.

2012 Olympics Medals

Rank Country Total Gold Silver Bronze
1 The U.S. 103 46 28 29
2 China 88 38 29 21
3 Russia 84 24 28 32
4 The U.K. 65 29 17 19

2016 Olympics Medals

Rank Country Total Gold Silver Bronze
1 The U.S. 121 46 37 38
2 China 70 26 18 26
3 The U.K. 67 27 23 17
4 Russia 56 19 18 19

As you can see, America did very well this time, while China did not. However, I stand by my prediction, made in 2012 (Olympics 2012, Economies, and The Next American President), that China will top the medal table by 2032, with the biggest difference coming from swimming!

The U.K. and Russia switched the positions on the medal table from 2012 to 2016 for one main reason: the Russian team was significantly downsized in 2016. For more, read: 119 Russian athletes banned from the Rio Olympics due to on-going doping scandal.

Will the U.K. or Russia ever threaten America to top the medal table? No, not in my life time, at least! So from now on until 2032, the race will be between the U.S. and China, just like in their economies!

3. The rise of the rest

In addition to Singapore, Vietnam, and Fiji, as highlighted earlier, the three BRICS countries (other than China and Russia) showed more promising signs:

  1. Brazil: The host country did very well, just like all the previous host countries (e.g. China in 2008 and the U.K. in 2012).
  2. South Africa: Wayde van Niekerk won 400m on track by breaking a long standing world record.
  3. India: An Indian woman placed the 4th in the vault of gymnastics! Indians being a factor in gymnastics on the world biggest stage? Wonderful to watch and totally unprecedented!

Any doubt about my claim that the Olympics and the world economy mirror each other?

4. The best in 2016 Olympics

To me, the best in the 2016 Olympics are the following three (in that order):

  1. Usain Bolt: His triple triple is definitely the greatest achievement in human athletics!
  2. Michael Phelps: He is definitely the best swimmer in human history!
  3. Simone Biles: She is definitely the best woman gymnast, ever!

More profoundly, first Gabby Douglas and now Simone Biles, I think that blacks will soon dominate gymnastics, women's first and in America first, but eventually in both men's and women's throughout the world, just as they have done in track & field!

It is also interesting to see Asians continually trying to find more niches, such as the 4 x 100m relay in track, with Japan placing 2nd and China 4th, while American men's team was disqualified again, for the same reason (i.e. bad baton passing), again (China vs. America: Passing the Baton).

5. Closing

The Olympic medal table is a big deal, but the economies behind it are far bigger deals. Amazingly, they seem to go hand in hand.

With American athletes dominating the Olympics with excellence, let's demand the same from the American President, shall we?

Give Donald Trump a chance to make America great again! For more, read: Donald Trump vs. Deng Xiaoping.

Page Code: 114Count: 617

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

You can also comment using Facebook directly using he comment block below.

Econintersect Contributors


Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Take a look at what is going on inside of
Main Home
Analysis Blog
Democratic Development Lowers the Cost of Credit
Is Growing Household Debt An Economic Counter-Dynamic?
News Blog
February 2017 Texas Manufacturing Survey Continues to Expand But Key Internals Declined
January 2017 Pending Home Sales Index Declines
PEOPLE ARE AWESOME 2017 Amazing Talented Kids Compilation
Durable Goods New Orders Improved in January 2017
China's Continuing Credit Boom
Infographic Of The Day: Ten Interview Questions That Make You Sound Dumb
Early Headlines: Asia Stocks Down, Oil Up, Dollar And Gold Steady, UK Inflation, 'Moonlight' Wins Oscar, LSE Merger May Be Off, Greek Banks, India Going Green And More
Most Read Articles Last Week Ending 25 February
How British Businesses Helped The Confederacy Fight The American Civil War
Where You Can Surf A Lot For A Little In The EU
'I Can Live With Either One': Palestine, Israel And The Two-state Solution
Where Snapchat's Users Come From
What We Read Today 26 February 2017
Investing Blog
The Week Ahead: Reality And Stock Prices
Snapchat Still Has Some Growing Up To Do
Opinion Blog
What Do You Call A Lie Constructed From Other Lies?
Why Winning The French Presidential Election Could Be A Poisoned Chalice
Precious Metals Blog
Deflation And Gold: A Contrarian View
Live Markets
27Feb2017 Market Update: US Major Indexes Once Again Grab The Golden Ring With New Historic Highs, Proving The Naysayers Are Wrong Again As The Trump Rally Pushes Higher
Amazon Books & More

.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved