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Capitalism actually thrives where there is only 1 regulation: total transparency. After all, if we go by the classic definition of free market competition we ha
by Almondsetat 2y ago
Capitalism actually thrives where there is only 1 regulation: total transparency. After all, if we go by the classic definition of free market competition we have customers who have perfect knowledge of every product and the products are very similar and etc. etc.
Who cares if someone at the WH does insider trading? In a transparent system people would be able to trace back every transaction and realize something is brewing and they could act accordingly.
- wesselbindt 2y ago> could act accordingly Concretely, what are you thinking of here?
- Almondsetat 2y agoSimply copy their positions. But if everyone's position were available, insider trading wouldn't even exist because it would give the game away
- notahacker 2y agoBy the time you copy their positions, they've made their money. In theory of course, them being blatantly and obviously corrupt would hurt them at the ballot box. In practice, this is not really something at moves the needle in American politics.
- EasyMark 2y agowhy do you think you would know their positions in time to do anything about it?
- Almondsetat 2y agoI will leave it to big investors with supercomputers connected directly to the exchanges to eat away at the potential profits of even the slightest insider trading activity automatically
- formerly_proven 2y agoThis is poor bait, even for 2025 HN standards.
- EasyMark 2y agowho cares? I care, I want insider traders to go to prison for multiple years. That's not a free market, that's a market of those who know things to manipulated the rest of the market into never ending pump and dump schemes.