Link to this page: https://secure.socialistparty.org.uk/issue/890/22271
From The Socialist newspaper, 24 February 2016
Them & Us
"Crack cocaine" betting machines are making bookies £34 million every week.
'Fixed-odds betting terminals' seem designed to foster gambling dependency, and accept stakes of up to £100. Addicts can lose thousands in a few short hours.
The high-street menace even apparently contributed to the recent death of a 27-year-old carpenter by suicide.
While bookies make nearly a grand a day on each machine, vulnerable people face ruin. Bookies and payday loan sharks disfigure working class communities like mange.
Both Tory and Labour MPs have accepted gifts and hospitality from gambling lobbyists. Deregulation was the result. London's Tory mayoral candidate Zac Goldsmith and arch-Blairite Chuka Umunna have both taken bookies' donations.
But it's not just the bookkeepers who are minting it from gambling misery. Britain's bankers continue to go unpunished for wrecking the economy.
The 2007 credit crunch which sparked the Great Recession came from decades of 'speculation' - legalised economic gambling. It wiped £666 billion off Britain's economy in just two years. We still have not recovered to pre-crisis levels.
Workers gamble their wages and face penury for them and their families. Senior bankers gamble the world economy and face - bonuses!
Nationalise the banks and big business under the democratic control and management of workers and customers. Jobs and services - not bankers' bonuses.
Amount bookies pry from gamblers at "crack cocaine" fixed-odds betting terminals every week - nearly a grand a week per machine
Amount casino banksters wiped off Britain's GDP in just two years when they caused the 2007-08 global financial crisis
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In The Socialist 24 February 2016:
What we think
EU referendum: Vote OUT the Tories
Socialist Party news and analysis
Junior doctors: back new strikes
Trident: thousands to march - scrap all nukes!
Butterfields tenants demand action against evictions at Labour estate agent awards
Children take over County Hall in protest at cuts
'Benefit tourism' twaddle
Cameron, Cameron, meal snatcher
Them & Us
Tower Hamlets to take anti-cuts fight into the council chamber
Leeds sets up people's budget campaign
Leeds Labour 'anti-austerity' meeting: jam tomorrow
Socialist Party feature
Unison at a crossroads
International socialist news and analysis
Hong Kong: new year riot
International news in brief
Workplace news and analysis
Victory for striking EDF energy workers
Pensions strike by water workers in Warrington
Fresh round of strikes against fresh round of cuts
Stress, abuse and long hours for London bus drivers
Workers unite to fight pay attack in Leicester
Workplace news in brief
Khrushchev: the Stalinist who denounced Stalin
Socialist readers' comments and reviews
One-woman tragedy's fiery call for revolution
Socialist Party reports and campaigns
Huddersfield: save our A&E!
Momentum must "take the fight to the right"!
Gateshead: reprieve for respite centre
Save Derbyshire children's centres
Wakefield: no fracking, no cuts
Cumbria cuts - the grim reaper
Campaign to save Pent Valley continues
Socialist Party Wales and North West conferences
The Socialist 24 February 2016 |
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