Right. It’s arguably not morally worse than various HFT and dark pool and other fintech moneymaking tricks though. All these involve buying a mispriced commodity (even by a fraction of a cent) and reselling it for it’s true (market value). And the buying/selling opportunities are unavailable to most people, in the same way you can’t retail scalp effectively unless you are using a computer program to do it.
My point is the ‘less morally repugnant but also still as profitable’ hurdle isn’t an easy one to clear since it’s not that morally repugnant.
Right. It’s arguably not morally worse than various HFT and dark pool and other fintech moneymaking tricks though. All these involve buying a mispriced commodity (even by a fraction of a cent) and reselling it for it’s true (market value). And the buying/selling opportunities are unavailable to most people, in the same way you can’t retail scalp effectively unless you are using a computer program to do it.
My point is the ‘less morally repugnant but also still as profitable’ hurdle isn’t an easy one to clear since it’s not that morally repugnant.