Except for China and Kazakhstan, "countries where actual citizens aren't allowed a real say in things," no other country in the world wants to host the 2022 Winter Olympics. This isn't just because of the "corrupt, humiliating voting system," but also due to the environmental effects and astronomical costs. To build the facilities in Sochi, Russia spent $51 billion, only for them to now sit abandoned.
The IOC has billions of dollars laying around and billions more coming because to most people the Olympics is just a television show and the ratings are so high that the broadcast rights will never go down. The IOC doesn't pay the athletes. It doesn't share revenue with host countries. It doesn't pay for countries to send their athletes. It doesn't lay out any construction or capital costs. It doesn't pay taxes.
It basically holds caviar rich meetings in five star hotels in the Alps before calling it a day. That and conduct weak investigations into corruption charges of the bidding process, of course. "No evidence uncovered" is on a win streak.
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