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A permanent venue for the Olympic Games?
Hosting the Olympic Games is often a symbol of societal advancement and arrival of the nation as peer on the global stage.
For Japan in 1964, Korea in 1988, and China in 2008 hosting the Olympics was seen as symbolic mark as being part of the club of advanced nations.
'Globetrotting' Olympic Games enable the hosting countries to showcase themselves as prosperous and being able to keep up with the others economically as well as culturally.
In recent years, bidding for and hosting the Olympic Games has, to the contrary, become
countries that are stuck with authoritarian regimes, human rights violations as well as corruption, and thus with the opposite of societal progress.
A permanent venue would not necessarily make this impossible. The Olympic Games could be 'hosted' by alternating countries taking charge of its organization.
The point of the Olympic Games is to bring athletes from all over the world together, not to be a showcase for countries' spending power.