This is another example of the US backsliding on what it has historically claimed as its competitive advantage: efficient markets, a lack of corruption, and rul

This is another example of the US backsliding on what it has historically claimed as its competitive advantage: efficient markets, a lack of corruption, and rule of law. For the people out there claiming that this development is an exclusively Republican project, I offer [1] as a counterexample. In the market right now there are widespread practices that would have been prosecuted a decade ago. “Alternative data” is a euphemism for “insider trading, but on a computer”. It’s the alpha capture [2] of today. [1] https://www.govtrack.us/congress/bills/116/hr2534 https://www.govtrack.us/congress/bills/116/hr2534 [2] https://www.cnbc.com/2014/01/09/blackrock-agrees-with-ny-attorney-general-to-end-analyst-surveys.html https://www.cnbc.com/2014/01/09/blackrock-agrees-with-ny-att...