printFor violating laws enforcing information socialism, billionaire Raj Rajaratnam, innocent in natural law, could be incarcerated for decades. In their latest efforts to bring ruin to capital markets, SEC blood hounds have ensnared one of the country’s most powerful hedge-fund “impresarios.” MORE.
It’s easy to be thrown off scent when trying to divine the vague, ill-defined, unconstitutional laws under which the Securities and Exchange Commission hunts for corporate prey. Suffice it to say that the SEC operates with the understanding that competition in capital markets must proceed from a level playing field. All investors are entitled to the same information advantage irrespective of effort and abilities.
In a word, information socialism.
Rajaratnam had not violated the rights of other shareholders or potential buyers. There is no natural right to a guaranteed profit, nor is there a right to be shielded from losses. And there most certainly is no such right as a one that guarantees to the collective information the individual has worked hard to obtain and optimize.
The people who run this country are a combination of venomous opportunists and completly illogical fools. The SEC is no exception.