Actually, that’s a good point—there are a fair few similarities between blackmail and insider trading. It’s not clear to me that insider trading should be prohibited in general—it seems like it’s just a mechanism for the price to adjust to the truth. That’s what markets are best at, right?
There are activities adjacent to insider trading which should be illegal—manipulation, spying, information obfuscation. And it’s probably easier to detect and prosecute insider trading than the problematic behaviors themselves.
I wonder how much correlation there is between people who think blackmail per se should be legal (though not some activities commonly associated with it is), and those who think insider trading, prostitution, and other prohibited transactions for allowed behaviors should be legal.
Actually, that’s a good point—there are a fair few similarities between blackmail and insider trading. It’s not clear to me that insider trading should be prohibited in general—it seems like it’s just a mechanism for the price to adjust to the truth. That’s what markets are best at, right?
There are activities adjacent to insider trading which should be illegal—manipulation, spying, information obfuscation. And it’s probably easier to detect and prosecute insider trading than the problematic behaviors themselves.
I wonder how much correlation there is between people who think blackmail per se should be legal (though not some activities commonly associated with it is), and those who think insider trading, prostitution, and other prohibited transactions for allowed behaviors should be legal.
I was mainly making the point that insider trading is an illegal activity compounded of legal activities.
Insider trading isn’t just a market adjustment, it is also an unfair advantage.