The problem with a true "PED Olympics" is that it wouldn't just be steroids/peptides/HGH/asthma inhalers - where health effects mostly manifest outside of the actual competition event, off-screen. Competitors would undoubtedly load up on enough stimulants to start collapsing/dying on the event livestream. The public simply won't stomach the reality of any true no-holds-barred competition anytime soon.
So, sure, you can have a version of the Olympics that has a lower bar than the official Olympics, but much like arguing whether someone would consider prostituting themselves or not ... now you're just debating where the optimum line is for allowed vs. disallowed PEDs. That wouldn't be a radical change over the current Olympics, where the line is "give your athletes PEDs, but just make sure they pass the testing".
Society may at some point be willing to watch people die with regularity in athletic theatrics, but we're currently a long way from accepting gladiatorial combat in modern coliseums.
So, sure, you can have a version of the Olympics that has a lower bar than the official Olympics, but much like arguing whether someone would consider prostituting themselves or not ... now you're just debating where the optimum line is for allowed vs. disallowed PEDs. That wouldn't be a radical change over the current Olympics, where the line is "give your athletes PEDs, but just make sure they pass the testing".
Society may at some point be willing to watch people die with regularity in athletic theatrics, but we're currently a long way from accepting gladiatorial combat in modern coliseums.