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General Poker
Free Market Capitalism vs Poker
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[QUOTE="dj11, post: 1143510, member: 13851"] Reading Zachvac's sig; [I]This is supposed to be free market capitalism. If you fail, you lose...... [/I]Got me to thinking that the world can not afford a completely Free Market Capitalist system. Unless the winners are prepared to bury, en masse, huge numbers of losers, it is not even in their best interests to allow unregulated Free Market Capitalism to continue. IMO that system encourages too much speculation by folks/conglomerates that don't understand what they are doing. Speculation is the donk in a freeroll, shoving every hand early in hopes of getting that big stack, ideally to then be able to bully the rest of his particular world (that table/tourney). Seldom does this cause anything but grief for all parties involved. So, again IMO, regulation is a MUST! How much regulation? How much aggression at the table? How far do we deviate from our own personal Starting Hands Charts, proven business plans? How far do we let business go with speculative ventures, how long do we let the bully bully us? At some point we all hope to have an A game, most will settle for a profitable B+ game, business want to see a steady profit, and hope for an occasional windfall, while working to improve their business plan. How timid can we be and still be successful? How aggressive can we be without tilting either ourselves, or the rest of the world (table). Free Market Capitalism in its purest form is the crap shoot even we poker players want to avoid. We learn that playing 72offsuit is an unprofitable business plan. Roughly akin to investing in metal detectors at the beach, where it would take a conglomerate a gazillion dollars to double their money, but in the process they would cost the rest of us 3 gazillion bucks to restore the beach. Whereas the occasional foray by an individual with a hand held detector occasionally finds treasure, less frequently than we find ourselves in the BB with 72o, and the flop is 772. As poker players, we learn to regulate ourselves. It is an ongoing, fine tuning each day thing. Business, IMO, has to have regulations. [/QUOTE]
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