Gambling-Ethics - Phil186 Prof Giddings The Gambling...

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Phil186 Prof. Giddings The Gambling Industry: A Self-regulating Ethical Entity The gambling industry provokes much debate on whether or not the industry practices ethical conduct. To dissect the gambling industry as an ethical or unethical business model, we must address arguments from both sides. The unethical argument may state that the industry can be an individual’s vehicle to downfall. In this case the individual is a gambler. Furthermore, the fallen individual could then become parasitic to his loved ones and thus spread the misfortune deeper into the community. Conversely, an ethical argument may counter that the industry can be highly profitable. If regulated, the gambling industry is an ethical business model by promoting the intrinsic value of gambling, contributing to the common good, and denouncing the exploitation of the problematic gamers. To provide a basis for an ethical business, the gambling industry should be consistent with Kantian capitalism. Immanuel Kant says, “A good will is good not because of what it effects or accomplishes, nor because of its fitness to attain some proposed end; it is good only through its willing, i.e., it is good in itself” (Gibson 84). The industry provides a medium for individuals to gamble, so the
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question to ask is if gambling is reasonable? An approach to understand why college students gamble, 184 students were interviewed. The results showed that they either gambled to win, for fun and excitement, or for social reasons (Neighbors 361). Therefore the students that gambled for fun and excitement or to further socialize can be making a reasonable decision. Those motives are ethical because its purpose is inherent to the human nature to seek fulfillment. Excitement is used to remove oneself from daily stresses and socialization to find companionship. Morality can be achieved by using gambling as a means to attain that fulfillment as long as it is good. As such, to attain the intrinsic value of gambling, the industry should strictly provide games which promote those pursuits and discourage the quest of winning. Skill games such as poker can give a gambler the idea that he can win if he is more skilled than the other players. Such games do not hold the intrinsic value of gambling; rather they hold an
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Gambling-Ethics - Phil186 Prof Giddings The Gambling...

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