We built our modern society on the principle that profit must be prioritized over morality, they're just conforming to systematic incentives. Those who sell their souls to the devil don't get to act shocked when they wind up in hell.
> Those who sell their souls to the devil don't get to act shocked when they wind up in hell.
Which is everyone, since everyone has their pension invested in a giant pool made of of unethical companies that we can't fine, ban or let fail because it would destroy people's retirements who will then vote in an angry way to reverse this, or it will destroy some upstream national important industries that are very well regulated, or lobby very well, like Purdue pharma.
It's a collective fault, not that of only a handful of people.
I feel like this supposes a better world where most people are educated, rational, and calm investors with the time, money, and energy to actively manage a diversified portfolio.
Or I guess you could get there by abolishing the stock market as it exists, which seems more likely.
I served in an executive role for a non-Federal government organization. Think a senior director, not a political position.
My stock holdings had to be disclosed, and were and still are publicly viewable. They audit them and explore potential conflicts. When I was promoted, I had to justify and certify potential conflicts due to long existing stock holdings of myself and my son, which were subject to monitoring and I was not allowed to participate in certain activities without counsel approval. Even that was only permissible because I asked for specific permission due to the hardship I would face from tax liability. If I hadn’t asked for that permission I could’ve been subjected to a civil penalty or even criminal prosecution.
That’s required for public confidence. The federal rules are stricter. A Federal official can be subject to a fine for displaying a political lawn sign at their home. Their supplemental retirement plan obscures the corporate affiliations of their investments.
Unfortunately, you’re displaying the nihilist, uninformed perspective which put fascists in power. By saying the president is corrupt, but so is everybody else you’re implicitly supporting and endorsing the behavior. That’s what they want.
>That’s required for public confidence. The federal rules are stricter.
You're trying to hide behind a bureaucratic mumbo jumbo, which is how the likes on Nancy Pelosi can constantly beat the stock market by a wide margin, and yet not raise any legal eyebrows.
Not putting you in the same basket as her, just saying that just because there are rules in place, doesn't mean they have the desired preventing effect you talk about, because it's the enforcement that's lacking. Just because the policies keep YOU honest, doesn't mean they apply to everyone else.
>Unfortunately, you’re displaying the nihilist, uninformed perspective which put fascists in power. By saying the president is corrupt, but so is everybody else you’re implicitly supporting and endorsing the behavior. That’s what they want.
You're soo offtopic that it's laughable. Sure buddy, everyone with a different opinion than you is a fascist, only you have the right answer to everything from within your bubble.
Why do you think that special forces officer was arrested for insider trading but not Trump's friends? Now tell us again, how there's no legal double standards, and your legal mumbo jumbo prevents insider trading.
