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Addiction Markets

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383 points toomuchtodo | 1 comments | 31 Oct 25 17:42 UTC | HN request time: 0.218s | source
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brettgriffin ◴[31 Oct 25 19:05 UTC] No.45775525[source]▶
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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1. csomar ◴[01 Nov 25 07:36 UTC] No.45779874[source]▶
In 30 years they'll be a huge liability for the state. In the past, they used to send them to meat grinders (wars). Somehow later it was figured out that a mandatory cut of their paycheck will give them a small payment later in their retirement years. But now that social security is broken (both in the US and Europe) and short-term thinking is the norm, every "business men" is salivating at the opportunity.

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.