The question of every child winning in musical chairs being "fair" or "right" is entirely the wrong question, or at least its the wrong issue that should be addressed. We as a society shouldn't be so concerned in making every child win at a game, because life is much more complex than a game, and more meaningful.
If we are teaching children that their happiness comes from winning at musical chairs then most children and eventually most people will be unhappy. That, in fact, is quite possibly one of the main problems that our economy is facing today, the idea that life is a game with people (the government) in charge, and that it is someone's responsibility to make everything fair for everyone.
Happiness, according to Aristotle, is more long lasting than its hedonist opposite. It is a general feeling of being happy, and so it is based on more steady and fulfilling things than material possessions, the social equivalent to winning a game. However, if we were to live in an impractical hedonist society, then we would tell people that its okay to tell run up your credit card bill so you can "keep up with the Jones'" and then tell people they deserve a house and car that they haven't worked for, and then when they fail in their payments tell the its okay and that the game keepers (the government) will take care of them from now on with money from the people who didn't spend their money so frivolously. Then no one is happy cause everyone has lost the game and no one has learned that real happiness comes in what you have and what you can earn, instead of what other people have and what you think you deserve.
The thing is that these are more than just philosophies, this is how people are living their lives.
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