[cowpig]

Well, there are laws against insider trading.

[mcmcmc]

Prediction markets advertise insider trading as a feature, and enforcement of financial crimes is a racket anyway. If you know the right people, make the right campaign contributions, laws just don't apply to you.

[cowpig]

this kind of cynicism is malignant

[mcmcmc]

See I would say the malignant part is the systems and people in power who enable and profit from corruption.

[cowpig]

The statement that "this is how it works, it's completely corrupt" is what enables the corruption.

It is only through the collective demand that systems serve us that they can be aligned.

If you believe that the system is corrupt then your decisionmaking function will conclude that taking action to demand systems serve you is useless.

But it's only useless if we collectively believe it is useless.

This is what I mean when I say that cynicism is malignant. The more people believe it, the more true it is.

[chii]

but you don't deny there's some element of truth to it tho?

[kqr]

Is shorting a company and then murdering its CEO considered insider trading in your jurisdiction?

[bombcar]

That wouldn't be insider trading; in fact unless the CEO's death was known to insiders, it almost by definition couldn't be insider trading.

It could be other types of fraud, however.

[ant6n]

Wait, is the shooter in “insider” in this case?