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From The Socialist newspaper, 24 February 2016

Them & Us

Gamblers' remorse...

"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.

...remorseless gamblers

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.

34,000,000

Amount bookies pry from gamblers at "crack cocaine" fixed-odds betting terminals every week - nearly a grand a week per machine

666 billion

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

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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

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Socialist Party feature

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International socialist news and analysis

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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


Socialist history

Khrushchev: the Stalinist who denounced Stalin


Socialist readers' comments and reviews

One-woman tragedy's fiery call for revolution

Letters


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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

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