Beijing and Tokyo Will Get Torched by the Olympics

Hosting the event won't help the economy in China or Japan.

Beware Pyrrhic victories.

Photographer: JOHANNES EISELE/AFP/Getty Images

Tokyo and Beijing are still celebrating the news that they'll host the 2020 Summer and 2022 Winter Olympics, respectively. But it's time to congratulate the real winners: all the cities that have decided to steer clear of competing for the honor.

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