Wednesday, May 25, 2011

Neil Clark: Selling off the Tote marks a race to the bottom for the sake of ideology

This article, by CPO co-founder Neil Clark appears in The Guardian.

Britain's publicly-owned bookmaker keeps horseracing diverse. Without it, smaller courses would struggle to survive

Sir Winston Churchill will be turning in his grave. For 83 years, the Tote, Britain's publicly-owned bookmaker, set up by Churchill when he was chancellor of the exchequer in Stanley Baldwin's Conservative government in 1928, has been an integral part of the British horseracing scene. Now, however, the institution endearingly known as "the Nanny Goat" is to go the way of our railways, our buses and our utilities and be transferred to the private sector.

While free-market enthusiasts will no doubt be pleased to see a further shrinking of the state, the sale is likely to prove disastrous for a sport which employs more than 100,000 directly and indirectly, and which brings joy to millions of people's lives.

The whole article can be read here.

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