Forbes national editor Mike Ozanian has written a short but bleak blog post assessing the prospects for the Olympics on Forbes' sports business blog:

Violent clashes in Tibet and China’s support of Sudan during its genocide of the people in Darfur tell me this is going to be a bloody summer in Beijing. Protestors are going to get whacked and their carnage is going to travel at the speed of light on the Internet.

YouTube will be filled with videos of beaten and bullied Chinese protesting against their country’s dismal human rights policies. With the U.S. presidential race heating up in the coming months you can be sure politicians will have no shortage rhetoric about the games and China’s human rights abuses. BTI (Before the Internet) this would not have mattered that much and would have hardly been mentioned on the evening news.

This extremely gloomy scenario made me think a little about the vast gulf between foreign and Chinese expectations for what the Beijing Olympics would accomplish. The Chinese expected the Olympics to change foreign perceptions of China for the better. Foreigners expected the Olympics to change China for the better.

In fact, these are both attainable goals, but they are interdependent. They will either both be right, or both be wrong. It doesn't work any other way. The unfortunate thing is that if both are wrong, especially along the lines sketched out by Ozanian, the Olympics will have achieved the opposite of what each party had hoped for. That would be a tragedy, and I hope for a better outcome.