Everything is gambling if one of the following conditions exist: a) You don’t understand the game b) You’re not smart enough to play the game or c) You have a losing expectancy of success when you calculate your weighted probability of success vs. failure.
It seems like a collective group o f people, under a democratically elected government, are incapable of stopping their drunken debt demise until they get a liver transparent (eg. debt-restructuring or bailout).
How do we stop this? MORE REGULATION. MORE LEGISLATION. We need legislation that makes it illegal to run a deficit. No excuses.
There should be no excuses. We need a small government with less socialist policy. Capitalism and free markets can help take care of the rest.