3 ms·

A "controversial" practice, which allows free trades at slightly more expensive prices, that is not illegal, does not mean the entire industry is corrupt. It's

A "controversial" practice, which allows free trades at slightly more expensive prices, that is not illegal, does not mean the entire industry is corrupt. It's arguable that pharmaceutical rebates are bribery, so is the pharma industry criminal? College football coaches make millions while professors become starving adjuncts, is academia criminal? I think we can separate issues from describing an enormously essential component of our economy as criminal.

sharkmerry 8y ago
arent you ignoring the externalities ? >>which allows free trades at slightly more expensive prices so they arent free, its priced in. Not criminal, but misleading and could be construed as corrupt. >> t's arguable that pharmaceutical rebates are bribery, so is the pharma industry criminal? are the rebates helping to push a drug that they know to be addictive? if its not criminal, it should be. >> College football coaches make millions while professors become starving adjuncts, is academia criminal? and college athletes get no pay, but a very "strings attached" education, in which many end up going to bed hungry, which basically amounts to indentured servitude if not slavery
- seibelj 8y ago
  I’ve found that going down the path of being outraged at large fractions of society, such as industries / politics / belief systems, is extremely tiresome and makes you permanently angry at the world. More nuance can give you a healthier outlook, or you risk forever throwing rocks at a mountain.
  - sharkmerry 8y ago
    You arent giving nuance. Your just acting as a contrarian, interpreting the original comment literally, then pedantically responding. thats not helping a discussion
    - seibelj 8y ago
      I personally do not think the financial industry, nor wall st in particular, is a bastion of criminality that all of us should automatically hate as educated people.

sharkmerry 8y ago

arent you ignoring the externalities ? >>which allows free trades at slightly more expensive prices so they arent free, its priced in. Not criminal, but misleading and could be construed as corrupt. >> t's arguable that pharmaceutical rebates are bribery, so is the pharma industry criminal? are the rebates helping to push a drug that they know to be addictive? if its not criminal, it should be. >> College football coaches make millions while professors become starving adjuncts, is academia criminal? and college athletes get no pay, but a very "strings attached" education, in which many end up going to bed hungry, which basically amounts to indentured servitude if not slavery

seibelj 8y ago
I’ve found that going down the path of being outraged at large fractions of society, such as industries / politics / belief systems, is extremely tiresome and makes you permanently angry at the world. More nuance can give you a healthier outlook, or you risk forever throwing rocks at a mountain.
- sharkmerry 8y ago
  You arent giving nuance. Your just acting as a contrarian, interpreting the original comment literally, then pedantically responding. thats not helping a discussion
  - seibelj 8y ago
    I personally do not think the financial industry, nor wall st in particular, is a bastion of criminality that all of us should automatically hate as educated people.