It's really sad to see chuckwagon horses get injured, but retired racehorses are not the best horses to have around to ride, they're bred to run and not too smart. I don't know if it's better for a horse to be eaten or get to race for another 10 years and maybe die in an accident.
The Stampede defines Calgary, without it we would be just another no-name city that some people may have heard of. Animals are used for entertainment all the time, as long as they don't suffer inhumanely, it's not any different than using them for food.
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