In Massachusetts, Slot Barn supporters, like Chelsea City Manager Jay Ash, point to Canada as a role model of the success of predatory gambling, ignoring the reduction of controls and protections to compensate for dwindling revenues and the spiralling social costs.
A Business Model constructed on Gambling Addiction exhausts its supply.
Casino Capitalism and "Something for Nothing" schemes failed on a global scale.
To paraphrase Einstein, the definition of insanity is repeating failed policies and expecting different results.
Jim Flaherty's Gambling Addiction Now a Bigger Threat
Sources for the above video:
1. How Harper Gov't Pushed Financial Deregulation Here, Abroad Way cleared for US mortgage firms and easy credit, insured by Canadian taxpayers, By Ellen Gould, Oct 8, 2008, The Tyee
2. Special investigation: How high-risk mortgages crept north: The untold story of how elements of the first Conservative budget in 2006 encouraged big U.S. players such as AIG to make a push into Canada, creating our version of subprime mortgages, By: Jacquie McNish and Greg McArthur, Globe and Mail, March 31, 2009
3. Short The Canadian Housing Bubble, by Chris Gallant, Investipedia, Forbes Magazine, May 11, 2010
4.Canada backs open trading of derivatives, By Andrew Mayeda, Canwest News Service April 22, 2010.
5. Stock market time bomb? By Arnaud de Borchgrave, Washington Times, May 11, 2010
6. Mortgages and Harper’s ‘pre-emptive’ bank bailout, By P.R. Wright, Ryerson Press, March 11, 2010
7. Harper and Flaherty Now Legalizing Corporate Fraud
Posted by Emily Dee at 9:27 AM
Labels: Goodbye Jim Flaherty, Goodbye Stephen Harper
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