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1. Most horses are born with the instinct to run and compete, no matter where they are born. 2. All horses eat, drink, excrete, sleep, etc. Almost every horse the world over has an owner, and if it is in their interest to keep the horse (for whatever reason), they have to spend resources to maintain the horse. THIS is a massive, and (especially amongst some) wildly under-recognized economic driver. Keep it in mind. 3. Philly.com did a hit piece on racing a few months back, which seems just a prelude to this recent attack. I call it a hit piece because it was, pure and simple. It suggested, and I am not stretching the suggestion, that old ladies were spending their social security checks through penny slots to enrich Saudi princes, and financiers like George Bolton/Paul Reddam, etc, and that was wrong. 4. Here's the original story, from September. It's almost as if this most recent effort to raid racing's "coffers" is a function of someone reading this story. More likely, I'd suggest, it's all part of the same campaign. Read it here - http://www.philly.com/philly/news/Gi..._industry.html 5. It was (and remains) economic sensationalism at its worst, framing the entire industry around the person who owns the horse, with absolutely no reference to the fact that this is the person who also pays the bills, and that trickle down is substantial. The more horses you have, the wider your reach, the MORE people who are paid (read also - the more economic stimulus the sport, essentially the horse, provides to society). 6. Watch this video, the whole thing isn't required, from 2:00 to 4:00. This is Mick Goss, a phenomenal fellow who runs Summerhill Stud in South Africa. Never in my history in the sport have I encountered someone who captured the trickle-down economics of racing any better. https://www.youtube.com/watch?v=OuwH19fQOCI "I've always been amazed by the tenacity of our horsemen. We have colleagues who have been known to mortgage their farms in order to pay their stallion fees... "If racing were simply commerce, Karl Marx should have been its interpreter. As a financial proposition, it is about the redistribution of incomes. It is socialism in a form so subtle you'd hardly notice it. Hundreds of millions of rands (South African $$) are supplied each year by businessmen from Massachusetts to Mooi River, from surgeons and solicitors, gold miners to merchant bankers, and tax avoiders from all over. The treasure they contribute is then redistributed slowly, little by little each month so it doesn't look too obvious. To jockeys, trainers, vets and farriers, to clairvoyants, chiropractors, and grooms, to bottlers of magic elixirs, feed merchants and float drivers. Eventually, the working class has acquired most of the surplus income of the bourgeois. When the cycle begins, the horsepeople provide the experience, the owners the cash. When the cycle is complete, the horsepeople have the cash, and the owners have the experience." 7. If the Rep. thinks the sport exists to enrich those who already are a little more, he needs an economics lesson. How good is racing's rebuttal to all of this? We'll see. 8. If anyone wants a look at what racing could become without competitive assistance racinos have provided, take a good look at the purse structure in the UK. To suggest it's terrible is an understatement. Racing in the UK is almost exclusively in the domain of the incredibly wealthy, because there is almost no way to make money. Ryan Goldberg did a great story on this for the International Herald Tribune last year. US racing has done a phenomenal job of making the game significantly affordable for more than just the uber elite. That's all I have for now. Last edited by PatCummings : 01-31-2014 at 09:21 PM. |