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> I literally take the money and run, it what happens? That can happen regardless, there are many scammers who did this with or without shorting. Shorting is n
by gher-shyu3i 6y ago
> I literally take the money and run, it what happens?
That can happen regardless, there are many scammers who did this with or without shorting. Shorting is not required to keep things in check, that's the job of law enforcement.
Taking a step back it's really quite simple. Shorting is literally a bet that provides no value other than that some people will profit at the misery of others. This is unethical and immoral. Furthermore, done at a large enough scale, it will cause harm to specific companies or firms. You bring up scammers that will take the money and run, yet don't discuss what happened with GME where the shorters piled on it like sharks to drive it down, it's literally a scam in the opposite direction. We shouldn't fix one wrong with another.
- kasey_junk 6y agoI accept that you and I have different moral positions. Mine is that a market without shorting is a fallacy. That said, you are required to explain crop insurance in your world view. It is a fundamental part of modern agriculture. One I think of as existential. It’s a short position. If your religion doesn’t allow it I won’t argue. Similarly I won’t argue with Shakers who don’t believe in procreation.