A few years ago Atlantic City was a boom town with twelve casinos doing a roaring business. Four have them have been shut down this year with a fifth, "The Trump Mahal" (named after Mr. Midas touch), ready to follow. 8,000 casino workers are unemployed and those who have retained their jobs have had their hours cut as the incoming cash from the gamblers has fallen fifty per cent since 2006. The problem is competition and over supply. Overall, more than forty casinos in Pennsylvania, New York, Delaware, and Maryland have opened in less than a decade. This simply emphasizes that when things are going well under capitalism, it's always temporary. Security is only in the vocabulary of socialism/communism. John Ayers.
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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