The problem isn't the 70M people who placed bets, its the ~25M with broken risk aversion.
These are mostly men, and a very specific type of men. You can try to curtail their access to gambling but we're missing the underlying problem.
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These are mostly men, and a very specific type of men. You can try to curtail their access to gambling but we're missing the underlying problem.
You should address that too, but gambling is frankly a parasitic business meant to exploit such people, and we should not let the perfect be the enemy of the good by avoiding the re-abolishment of such a pernicious industry.
Because when it comes to the underlying psychological causes of homelessness and drug addiction and school shootings and violent extremism my impression is we don’t really do much.
I am not sure what you are saying with homelessness...it isn't some massive baffling issue, someone who doesn't have a house, needs a house so build a house? School shootings...I don't understand how anyone can believe this is normal?
The US has fairly obvious social problems, these essentially inhibit the functional resolution of most of these problems you list. However, gambling is not like this, the solution to problem gambling is (obviously) regulating gambling so that it is possible for the government to control people's behaviour. Simple.
Homelessness? Build houses. Drug addiction? Get people clean, harsh sentences for dealing. School shootings? No guns. Violent extremism? Jail. These aren't real problems. Most of the world does not have issues with this stuff (I will accept through drug usage in the US appears to be so ingrained in culture, that it would never be possible for anyone to do anything to fix it...the solutions are known however). It is only over the last ten years or so where government has appeared totally unable to do anything because of paralyzing social discord.
Using ideologically charged words like "corporate gambling" and "neoliberal origins" are fun ways to get the moral outrage going of market skeptics but they don't lead to good policy.
The boring answer is you need to look at how the owner of these instruments (since that's what most of these are) are making money. In the same way that a regulated exchange makes sure you're not dumping garbage onto order books, you need to make sure that the bets are fair and that there's generally positive EV. Prediction markets are a good example of this that isn't predatory but sports books are. Unfortunately this article, as is usual for most of the moral outrage genre, doesn't make this distinction.
Do you enable the majority who can manage risk, knowing some will be destroyed by it or deny it to everyone to protect the minority who can’t?
A school shooting happens. You don't want to ban guns. So you say "switzerland doesn't have this problem, we need to address the mental health issues that are driving these young men to kill" as a distraction. Nobody's got a workable plan to do that, so you do nothing - which is what you wanted to begin with.
There are lots of rough sleepers. You don't want to build more houses. So you say "many homeless people are estranged from their support network by mental health issues and addiction, we need to address this underlying cause" as a distraction. Nobody's got a workable plan to do that, so you do nothing.
There's always been gambling in my lifetime. There's been legal ones like Indian Casinos and Vegas. Then there's been the below board ones, the private blackjack games, the mahjong parlors in shady parts of town, lottery players (it's okay if the government profits off the losers I guess lol), etc
If this article were talking about banning sports books and adding in regulation around retail betting then sure that would be a fun discussion. But hyperbole like the article and your copious use of exclamation points doesn't inspire confidence.
https://en.wikipedia.org/wiki/Murphy_v._National_Collegiate_...
> Build houses.
That doesn't solve homelessness, as we build many houses in America but they aren't being filled with the homeless. You need to apply social services in a complex systematic approach to provide housing that people can afford sustainably, and rehabilitate and integrate people into society. You might think that is a bit of a bad faith "gotcha" like, of course you have to make the housing free and ensure homeless people know it's available. But it's not a small detail to elide, even in context, and doing so is exactly why your thinking is off-base. You haven't even begun to unpack it properly, putting aside the falsehoods. Think about it, what do you do if someone doesn't want to accept the housing for complex reasons like pride or embarrassment? What if it's some crust punk kid riding suicide as a rite of passage? You have to deal with a lot of that! You can't just ignore it!
> Get people clean, harsh sentences for dealing.
Punitive measures have proven to be a complete and total failure globally. Even in Asia, where penalties on all sides of the drug trade are high, drug usage is very easy to find and rising. I say this as someone connected to Asia and with a fair amount of "street smarts" that some seem to lack. Japan and Korea don't even try to hide it anymore. Chinese cities are kept clean through a complex system of travel controls and consistent policing to sweep things under the rug. It's easy to score if you pass as Chinese outside of the tier 1 and 2 cities though. Even Saudi Arabia is flooded with black market drugs if you know where to look. Punitive measures empirically do not work.
> Violent extremism? Jail
Where is that not the case? Like what are you talking about? Do you know how common attempted domestic terrorism was against the US power grid and cell towers in 2020/2021? No, you don't. Almost nobody does, and certainly nobody has an exact number. That's because it was kept very quiet and the thousands of incidents were suppressed from the media cycle while the people involved were quietly thrown into the maximum security incarceration hole never to be seen again.
The person you're replying to is right. These issues are solved, and it means looking at why people want to do any of this to begin with and addressing that. You cut it off at the behavioral source. Think of it like this, do you check every pointer before you dereference it? No. You avoid bad pointer dereferences primarily through proper structure of your code.
You almost tap into this with being cognizant of the fact that it's not universal. It depends greatly on the country and culture. Because some countries and cultures have done a much better job at building worthwhile, healthy societies than others.
Where can I read more about this?
[1] - https://www.ferc.gov/sites/default/files/2023-05/23_Summer-A...
If you're just targeting sports books I think other than the folks making money from the industry, you'll find few fans. They offer predatory parlays with often outright negative EV or very high variance returns. They kick sophisticated money out they can find edges. They leave no room for above board players like market makers providing liquidity through efficiency.
I think a better article and discussion could emerge from just tackling the harms of sports books.
In a couple decades, they'll be a massive drag on society and could even collapse countries. France is kind of a good example of how that future will look like.
Problem for you maybe. A life lived in fear is not worth living at all
Who said it doesn't? How well do you understand the law of supply and demand when you don't know what a price floor is? Ignoring that, do you think someone on the street can afford even a $1000 home? That's before we set aside that this of course only works if the houses being built are being done in a way that actively encourages prices to go down, rather than feed real estate speculation and continue to float a culture that sees a home as a capital asset.
So no. Building houses alone does not solve homelessness, again as evidenced by the fact that houses are built all the time in America, and homelessness is not getting better. How did you miss that?