Ryan, your post is accurate, but there is even more to the whole Olympic scam. After the 1996 Summer Olympics in Atlanta, the International Olympic Committee changed the rules to order that all future Olympics be government-run affairs.

The IOC is dominated by wealthy European socialists and others who never appreciated the Olympics being run by private organizations, considering that to be “beneath the Olympic ideal” (whatever that is). There especially were complaints after the Atlanta Olympics because there were a lot of souvenir stands in downtown Atlanta, and other “unacceptable” displays of private enterprise.

Thus, the “solution” was to be pure, out-and-out socialism. Now, the IOC is quite happy to have the capitalist television revenues that come from broadcasting the games, but nonetheless the games from now on are socialist affairs, even more than they used to be.