3 ms·
Try to clearly define what is gambling and what isn't so people can reliably avoid gambling. You won't be able to do it because the financialized economy is a b
by htss2013 4y ago
Try to clearly define what is gambling and what isn't so people can reliably avoid gambling. You won't be able to do it because the financialized economy is a big unavoidable casino.
You can define extreme cases of clear gambling like slot machines, but the opposite isn't true. There are no extreme "definitely 100% not gambling" examples. At best you can identify things that are relatively less gambling like.
Even things that were considered canonical not gambling examples have become more like gambling. Ex: Buying a house. When people used to put 20% down, carefully shop for months, and live in a house their whole lives that's not gambling.
But now? People buy houses at 10-20x leverage, waive inspection, and go from tour to offer in 2 days. Job loss for either spouse could mean foreclosure. If the market doesnt appreciate fast they will be upside down and stuck. How is this not gambling?
- swedishfishes 4y ago[dead]