But Putin – not unlike the decaying Mafia itself – isn't nearly as ruthlessly efficient as his legend suggests. For evidence of this, we don't even have to leave the world of sports. I'm referring to the billions in disappeared "spending" for the 2014 Winter Olympics, to be held – for reasons that boggle the mind – in the humid, subtropical Russian resort city of Sochi.
According to a detailed report issued by Russian opposition leaders in May, businessmen and various consiglieres of Putin have stolen up to $30bn from funds intended for Olympic preparations. This has pushed the cost of the winter games, historically far less expensive than their summer counterpart to over $50bn, more than four times the original estimate. That $50bn price tag would make them the most expensive games in history, more costly than the previous twenty-one winter games combined. It's a price tag higher than even than the 2008 pre-global recession summer spectacle in Beijing.
