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by djnliung 5520 days ago
The point is that the "free flow of accurate information" is a fantasy and it seems that liars are rewarded by the market, increasingly so in markets with less regulation.

If "simply" lying is all it takes to steal billions (and not be punished for it), then the free market is stunningly ill equipped to deal with reality and is just a charade to allow a few wealthy people to rob the rest of society.
1 comments
jimbokun 5520 days ago
The legal system is supposed to deal with the "simply lying" part.

Ever notice how over the top SEC filings are in detailing every single thing that could possibly go wrong? That is because corporations can be sued for keeping information from their shareholders, and they want to play it safe.

So yes, a free market without a legal system to punish frauds and cons is stunningly ill equipped, indeed.

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