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The next time you hear something bad about capitalism, keep this in mind: we haven't had capitalism in this country for over a century. It's no one else's busi
by maxharris 15y ago
The next time you hear something bad about capitalism, keep this in mind: we haven't had capitalism in this country for over a century.
It's no one else's business where someone decides to invest, as long as there's no actual fraud by any party. When that line is crossed, that's where the government has a proper role.
To put it concretely: the government should be protecting us from wealth destroyers like Bernie Madoff. It has no business prosecuting wealth creators like Martha Stewart (remember also that it came close to doing the same thing Steve Jobs, with the backdating "scandal"). Going after heroes like Stewart and Jobs is downright immoral.
Furthermore, the fact that Madoff ran his scheme for as long as he did (decades) should tell you something about how practical an idea the SEC really is.
Edit: I just noticed the title for a second time now. "Get to have"? That is incredibly wrong and offensive way to phrase it. It should be "allowed to make." A stock market isn't a naturally occurring thing - it takes living, breathing, thinking human beings with the freedom to act to create a stock market. That is what they're ultimately stopping.