- "In theory, we can all govern ourselves, with no need for government structures beyond self. In reality, governing ourselves creates dilemmas for no one is an island unto themselves, and the free exercise of one's liberty will often interfere with the free exercise of another person's liberty, thus we create government structures beyond self.
In theory, the consequences of actions accrue to the individual that decided upon those actions. Reality is much messier. The decisions of individuals reap consequences that are far-reaching in scope.
As applied to gambling: In theory, there is no need for intervention. Individuals can govern themselves. If they ruin themselves by gambling, they have only themselves to blame. In reality, gambling is not a solitary pursuit. If one engages in gambling, others must be involved. Therefore, there is need for governing principles beyond self. Furthermore, when ruin results from gambling, the ruin is not confined to the persons who participated in gambling. The costs are socialized whether one wishes them to be, or not. Intervention is sought for these reasons.
Gambling is not an exchange in the sense of a stock trade. What instruments of value are being exchanged in gambling? The gambler is defrauded, and his wealth plundered. The gambler receives nothing of value, so there is no exchange. This is piracy.
There is a set admission price for entering Cedar Point. Consumers know in advance what they will be paying for the entertainment they receive. The transactions of an amusement park are open and transparent. Likewise for a video game arcade, there is advance knowledge of what one pays and what entertainment one will receive in exchange. Open and transparent. Gamblers have no idea how much "entertainment" they will receive for a set price. Conceivably one gambler can be entertained all day for $20, while another will lose that same $20 within seconds. Casinos are thieves that try to seize all that they can. Casinos are not open, not transparent, which is why they are the preferred venue for money laundering.
Somali pirates create jobs. Nigerian scammers create jobs. Of course casinos create jobs, but the jobs that are created are not the product of newly created wealth. They are parasitic jobs that feed off the plundered wealth that others created. Similarly, taxes, which are confiscated wealth that others created, also fund jobs. But just as we cannot tax our society into prosperity, we cannot gamble our society into prosperity. Producers are the wealth creators, and casinos aren't producers.
I believe that laws against scams, fraud, theft, and piracy are legitimate exercises of government power."