Gambling, the OK kind

So I think an economist (Scott Adams, creator of Dilbert) may have just stumbled upon the idea that unregulated individual investment of your life savings in the Stock Market is indistinguishable from the kind of gambling that is already illegal, and thus aught to be illegal as well.

isn't this the kind of thing pretty much everyone else has known all along?

... first obama gets elected - and now its being suggested white collar activities should be consistent with the rest of societies. i'm in shock and awe!