Earlier quoted context omitted.
It seems like there was this crazy escalation of spending promises to win the bid. At some point responsible democracies dropped out, the irresponsible democracies, so all that was left were authoritarian nations looking to improve their image without changing. Now it seems like even the authoritarian nations are deciding it's to expensive and you see responsible democracies getting back in with more realistic bids.
Except that the next Olympics are due to be held in France, Italy, USA, Australia - and only one of those is partly an authoritarian nation. [1] https://en.wikipedia.org/wiki/List_of_Olympic_Games_host_cit...
Now, most normal people in France would have like the thing to be cancelled instead of having their taxes being wasted with that