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Cato Podcast

Gambling with Our Reputation

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 14 May 2007

⏱️ 9 minutes

🧾️ Download transcript

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Transcript

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0:00.0

Welcome to Cato Daily Podcast, Monday, May 13th. I'm Anastasia Lova.

0:13.2

After filing two complaints against China with the WTO since March, the United States has simultaneously

0:19.6

thrown in the towel on its own trade commitments at the WTO, ignoring a recent ruling that it

0:25.2

must allow offshore internet gambling casinos to operate in the U.S. market.

0:30.8

While the U.S. allows interstate gambling, other countries find themselves facing discrimination.

0:36.6

And Antigua and Barbuda, a tiny country whose economy has been hurt by US restrictions

0:41.0

on gambling, is now taking aim at the United States, where it hurts

0:44.8

the most, intellectual property enforcement.

0:48.0

Our guest today as Cato Trade Policy analyst Sally James.

0:52.0

It's been in and out of the media eye for a while now, but internet gambling

0:55.4

is yet again in the news. Why now? Well, two reasons. First of all, not too long ago the

1:01.2

United States lost a case at the World Trade Organization

1:04.5

that ruled its restrictions on internet gambling that are in place at the

1:08.2

moment are not consistent with its obligations at the WTO. So it's been an ongoing saga in the trade world for a while now.

1:16.8

The other reason is about two weeks ago Barney Frank introduced a bill to lift the restriction

1:22.4

on internet gambling on what he claims were

1:25.4

libertarian grounds and he used that word libertarian he made the point and I

1:29.9

agree with him that what adults do in the privacy of their own homes with their own money on their own time is not the government's

1:36.8

business. It's not the place of government to interfere in people's

1:39.8

recreational time. So he proposed to lift that restriction. So I guess it's come up in the

1:45.5

news on both of those levels in the kind of it's reignited this civil liberties

1:50.3

debate and it's also an ongoing trade concern.

...

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