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Cocaine Survivors Losing London Bonus See End to Bubble’s Binge
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Scientists say it’s no accident that trading and cocaine sometimes go together. Both involve taking risks and have a similar effect on the brain. Each activity raises dopamine levels, the organ’s feel-good chemical, according to Trevor Robbins, professor of cognitive neuroscience at the University of Cambridge. Dopamine surges when we take risks, such as going sky diving, betting on stock price movements or hiding in an office rest room and snorting a line of coke.

Studies show that people who take risks have low levels of dopamine receptors and try to shock the brain into a boost of the chemical through novel situations. They’re also more likely to become addicted, Robbins says.
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“Medical people are absolutely bamboozled by the level of abuse going on in the City and the extreme level of cocaine consumption,” says Brendan Quinn, The Causeway’s chief executive officer and a specialist nurse in recovery treatment. “More and more people are coming in, putting their hands up and saying: ‘I’ve got a problem and I need help.’”

The spread of cocaine in the City is driven by ample supplies at cheap prices. Cocaine, the glamour drug for jet- setters in the 1980s, has dropped in price to about 40 pounds a gram from almost 70 pounds a gram in 1997, according to figures from the U.K. Home Office. The price drop reflects dealers’ success in diluting the product and opening up new supply routes, authorities say.
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“I was buzzing at work because of flickering screens, and I was managing lots of money,” Freedman says, as he smokes a cigarette and nurses a glass of water at a pub in North London. “When the market shuts, how do you keep that buzz going?”

In 2004, Freedman was sitting on the roof terrace of Coq d’Argent restaurant, in the heart of the Square Mile, with both a 30-year-old receptionist and a 16-year-old bottle of Lagavulin single-malt Scotch whisky in his lap. Thanks to the coke in his nose, he felt like the king of the City. Yet he woke up the next morning sporting two bleeding nostrils and a determination to get out of his drug hell.