Markets for essentials goods are not the only markets worth protecting.
> but otherwise it is no different than people wasting their money on concert tickets or expensive cruises or whatever.
I don't think you really understand what you're talking about.
papers.ssrn.com/sol3/papers.cfm?abstract_id=4903302
The number of people that go bankrupt because of an addiction to cruises, I would wager, is practically nonexistent - but the effect of legalized gambling is measurable and negative.It predominantly effects low income people with few prospects. The legalization of online sports betting is directly correlated with bankruptcies in young men, which has down stream impacts that are quite harmful for society.
Maybe it never occurred to you that bankruptcy is also directly correlated with suicide?
https://academic.oup.com/aje/a...
It turns out going bankrupt because of gambling (a known addictive behavior) is correlated with drug use and suicide.
https://pmc.ncbi.nlm.nih.gov/a...
Your thesis that it's no different between spending your money on a cruise or concert seems to be quite wrong.