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1. When prostitution is legal, it can be properly regulated. This means that prostitutes can work in licensed brothels with panic buttons, disease testing, clean living conditions, security, and a community of fellow prostitutes to help and protect them. It makes them less likely to be economically and sexually exploited by violent pimps. It also means the majority of their clients will be sad, lonely men who would never dream of being violent to a woman.
2. However, when prostitution is illegal, all of this goes away. The sad, lonely clients are too afraid to break the law, so many of the clients are abusive. The protection of the brothel is gone, meaning the women have to surreptitiously occupy alley-ways, or live alone so no-one can report them to the police. Most will have pimps who are involved in other criminal enterprises, and any brothels that remain will typically be run by the criminal underground. The end result is prostitutes who're at greater risk of disease, violence, drug addiction, and sexual and economic exploitation.
3. Although a small fraction of prostitutes are trafficked, there are already laws against this. There is no need to outlaw prostitution in order to stop trafficking because traffickers (by definition) will ignore whichever new laws are used to threaten their business. By legalizing and regulating prostitution, there is less of a business opportunity for traffickers (less demand to fill), and trafficking is likely to decrease as a result.
4. Many prostitutes are vulnerable products of their upbringing. They grew up in care homes, or they have drug habits to feed. So should society be exposing them to greater danger by making their work illegal? Or should we be protecting them and giving them help to overcome their problems? By bringing them into licensed brothels, they can be given the support they need from peers, social workers, and health professionals. For those who are against prostitution, this may actually be the best way to get prostitutes to change their ways.
5. Prostitution is a moral issue for some people. However, is it moral for a woman to pretend to like a man to get a piece of jewelry, a free meal, or a free holiday? In this instance, the man is being duped into parting with his money. With prostitution, there is no facade. The man knows the woman is being affectionate because she is being paid to. It's an honest transaction between two people, and a far cry from the dishonest tactics used in the dating game. From a libertarian perspective, prostitution is between two consenting adults who are fully aware of what they're doing and why. There should be no law to stop them from doing it.