alt Hacker NewsAt this point insider trading issue has run away so hard I don't see how it can be tamed without revolutionary frameworks. If we look at crypto then I'm not sure we want to live in a world where insider trading is normalized either so we ought to start working on these new frameworks as soon as possible but nobody seems to care.
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You're wrong.
It's just that the problem is not the trading or betting side, the problem is the information producing side.
E.g. imagine he placed a bet that Maduro would get shot in is left eye and die.
Same goes for the congress. Them making money is by far a smaller issue compared to the havoc they can cause trying to make a few bucks on their crazy bets.
Speculation has historically been solved by a workers vanguard party.
> without revolutionary frameworks
I’d argue that the level of corruption we’re seeing, not just in the USA but all over the Western world, hasn’t risen to a level that warrants revolutionary action.
> nobody seems to care
And it would seem that the masses tend to agree.
We are much much better off tolerating this level of corruption than we would be attempting a revolution.
Ultimately, it doesn’t matter how fat the fat cats are so long as the general population’s standard of living doesn't go backwards too far too fast.