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by pessimizer
1369 days ago
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Big-business gambling is no less damaging (or no less "excessive") than small-business gambling. The real difference between big and small is whether the people pocketing the profits tithe a portion of them to political campaigns or not. |
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If you don't have the option to sue people to get back money you're owed, you're forced to resort to less savory options. And on the other side of the incentives calculus, people who defraud and steal from regulated businesses and their customers tend to go to jail. Rip off a fellow criminal and most of the time no one cares.
The solution is legalization and regulation, and to the extent society can't bring itself to do that, it's tantamount to declaring its willingness to tolerate the black market replacement.