Social and Behavioral Sciences Commons^™

The Big Casino, Karl Widerquist

Karl Widerquist

This paper uses an analogy to illustrate two things: (1) the economy is and will always be a casino, and (2) in existing societies and most libertarian, liberal, and socialist visions of society individuals are effectively forced to participate in the casino economy. It argues justice requires that individuals must be free from forced participation in such an economy and that the best way to free people from forced participation is the provision of a Basic Income Guarantee.