> Does the casino enable stupid bets? Damn right. But we don't blame them when a gambler loses all their money on a stupid bet.
I think the only reason for that is follow the money. Casinos pay taxes. I'm trying to follow a machine learning mooc and I'm just realizing how much humans (specifically me) suck at classification and at pattern matching.
Planet money I think asked the question: if sugar is addictive, why isn't it regulated?
My questions are Why is alcohol regulated? Why is tobacco regulated? Why is cocaine banned? Why can't we have kinder surprise in the us?
Why is gambling a state monopoly? Why does a casino need a license?
We all don't agree on everything but there's plenty of blame to go around if you think of gambling as an addiction (and addiction as a disease to be treated rather than an excuse to kill people). I think of gambling is a disease, casinos are a "guilty until proven innocent". Sort of like Google's famous " don't be evil" motto which recognizes that an organization in this position is likely to steer towards being evil by default and only by constant vigilance can we prevent ourselves from being evil. In the case of many casinos, I think it is just a matter of cover my ass when they have programs against gambling addiction.
tl;dr I love the idea of personal responsibility but we can't throw people in prison for victimless crimes.
Yep, like casinos, we should regulate banks to avoid allowing them to provoke the worst impulses in people. But at the end of the day, in the current environment, people need to be able to take care of themselves. Regulation should not be treated as a substitute for discipline.
And I agree that sugar should be regulated and taxed, or that we should at least do more to educate them on how destructive it can be to health.
I think the only reason for that is follow the money. Casinos pay taxes. I'm trying to follow a machine learning mooc and I'm just realizing how much humans (specifically me) suck at classification and at pattern matching.
Planet money I think asked the question: if sugar is addictive, why isn't it regulated?
My questions are Why is alcohol regulated? Why is tobacco regulated? Why is cocaine banned? Why can't we have kinder surprise in the us?
Why is gambling a state monopoly? Why does a casino need a license?
We all don't agree on everything but there's plenty of blame to go around if you think of gambling as an addiction (and addiction as a disease to be treated rather than an excuse to kill people). I think of gambling is a disease, casinos are a "guilty until proven innocent". Sort of like Google's famous " don't be evil" motto which recognizes that an organization in this position is likely to steer towards being evil by default and only by constant vigilance can we prevent ourselves from being evil. In the case of many casinos, I think it is just a matter of cover my ass when they have programs against gambling addiction.
tl;dr I love the idea of personal responsibility but we can't throw people in prison for victimless crimes.