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Casinos are deemed acceptable and gamblers are (somewhat) protected instead. Instead of avoiding the bad situation, it makes it less bad. It’s just a different
by kergonath 5y ago
Casinos are deemed acceptable and gamblers are (somewhat) protected instead. Instead of avoiding the bad situation, it makes it less bad. It’s just a different risk management strategy; prohibition would not be ideal either.
- wpietri 5y agoI think jayd16's point is that everybody knows that casinos are negative sum and have for a long time. But still, they continue to exist. So we can't assume, as ravar does, that in the long run the market will eliminate negative-sum things.
- kergonath 5y agoRight. My point was that we don't punish gamblers. instead we regulate the environment in which they gamble to limit the extent of the damage. Otherwise, yeah. Negative things don't disappear just because they are negative.