Investment as a form of collaboration and results distribution is probably fine. Tho, I would not be opposed to limits on size/scale for companies, individual wealth, pay ratios, etc.
Shorts, options, and other “exotic financial instruments” are worse than gambling because they compel corrupting (withering) behavior.
I think an active, forceful SEC based by a similarly aggressive DOJ, both focused on benefit-to-working-class primarily and market-health (e.g. lack of rent seeking, monopolistic, or monosoponistic behavior) secondarily, would lead toward a better (for global society) market. I think that could be true even if we continued to allow fairly arbitrary contracts that are those “exotic financial instruments”, options, and shorts.
Investment as a form of collaboration and results distribution is probably fine. Tho, I would not be opposed to limits on size/scale for companies, individual wealth, pay ratios, etc.
Shorts, options, and other “exotic financial instruments” are worse than gambling because they compel corrupting (withering) behavior.
I think an active, forceful SEC based by a similarly aggressive DOJ, both focused on benefit-to-working-class primarily and market-health (e.g. lack of rent seeking, monopolistic, or monosoponistic behavior) secondarily, would lead toward a better (for global society) market. I think that could be true even if we continued to allow fairly arbitrary contracts that are those “exotic financial instruments”, options, and shorts.