Stop Predatory Gambling

Goldman Sachs and the Las Vegas ethic

by spgadmin

Many policy makers and members of the news media regularly draw on images of “casino” capitalism, which is front and center again as controversy swirls around Goldman Sachs. The critique is implicit in the image/metaphor.

But they rarely apply the same scrutiny to a critique of actual casinos.  Casino interests are overwhelming state capitols across America, spending hundreds of millions to push their something-for-nothing scheme into every corner of the nation yet few policy makers and members of the news media challenge any of it.

A Las Vegas ethic has come to permeate Wall Street because the same ethic, through its promotion of lotteries and casinos, has been the daily voice of government to most Americans for the last twenty years.

To fix what ails America, we must begin with the government program of predatory gambling.