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Indeed, the mixed economy the society has shifted to is a form of capitalism constrained by regulatory frameworks. Imposing limitations on public officials enga
by usa1774 5y ago
Indeed, the mixed economy the society has shifted to is a form of capitalism constrained by regulatory frameworks. Imposing limitations on public officials engaging in the commerce they are designed to regulate can be quite reasonable, such as done in Stop Trading on Congressional Knowledge (STOCK) Act passed in 2013. I think you would agree that the proposed legislation is pushing the boundaries further.
Legislations based on fundamental principles such as maintaining public confidence and avoiding conflicts of interest can serve a legitimate interest of the public, but when appropriate legislations are already in place, artificially separating public officials and the stock market further poses an unreasonable burden on congress members and harms their ability to understand and represent their constituents.
- dragonwriter 5y ago> but when appropriate legislations are already in place Whether the legislation in place is sufficient to be the “appropriate legislation” on the issue is...rather the point in debate, an argument which simply takes that it is for granted and proceeds from there is missing the entire point.
- usa1774 5y agoGlad we are on the same page. The point of debate is indeed whether the existing regulations are enough. In case this has not been made clear, my contention is that existing regulations such as the STOCK act are sufficient.