> Multivariate analysis indicates that economic elites and organised groups representing business interests have substantial independent impacts on US government policy, while average citizens and mass-based interest groups have little or no independent influence.
You're being downvoted, but you're not really wrong. It might present differently, but the reality is that the government and large, powerful corporations are separate entities more or less in name only.
If the interests of a large corporation serves the interest of the people in the government, they'll move every lever of government they can to support the corporation, and vice versa. That's basically exactly what the fascism you describe intended and attempted.
I'm assuming you're trying to corner a point of "You cannot cite a specific law because it doesn't exist" without outright saying it.
It seems plain that, at best, Robinhood has violated its fiduciary, and at worst manipulated the market. This is one of those things I've come to understand as being illegal in the same way that I know insider trading is illegal. No, I cannot cite which law makes insider trading illegal.
Maybe you're right and there is no law. I personally don't have the time or experience to go digging through legal text to treat HN like an official courthouse. We will know by the results of the lawsuits, or by a video from the Legal Eagle on YouTube.
Insider trading is illegal. And I think what robinhood did should be /unless they explicitly stated they could do so in their terms and people went in with eyes wide open/.
I imagine it is, as it seems pretty close to market manipulation, I just want to be careful and understand what’s really going on.
Besides, along with individuals or corporations we should be going after the fed who really manipulates markets and steals from the poor. End the fed.
RH's terms don't overwrite laws and regulations. It is very tightly regulated what organizations like RH are allowed to do and they don't set their own rules.
The fed argument is really nuanced and difficult. They absolutely manipulate but not all manipulation has to be bad.
