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a good example is insider trading. some believe this is unethical. if you want to include ipo's, private placements etc, the allocations could be considered unethical.
another good example is speculators in crude oil that someone mentioned. of course you could avoid driving a car if gasoline prices are too high. but unfortunately that's only half of the story. since delivering bread and milk costs more because of higher driving costs, that higher cost will be added to the price of bread and milk. so yes, poor people even without a car will suffer.
there're a lot more examples, but I think you get the idea.
Please consider also programs like closed 401Ks where one's portfolio is affected by daily fluctuations.
Namely, one's net worth could go up and down due to speculation but have no say in the manner.
Many of the "Program" buying and selling could consistent in part of such investments.
BTW, this is not only a US phenomena, rather there are many program worldwide where worker's pensions at times tied to their local trading markets.
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Trading is about buying and selling, nothing more and nothing less, even the poor farmer in india is affected by these 2 words, from my personal experience most of the people who pretend to be ethic are not but they will never admit it, just accept that we are all different and you cannot please to everybody.
What comes to my mind when reading these potential arguments:
Re. 1.
For each trade, there is a buyer and a seller. Which one is the manipulator?
Re. 2.
Short selling a company's stock helps to keep the companies share price at around fair value and not inflate it. I've read about studies which proved that short selling reduces the risk or extent of price bubbles, which eventually lead to a more severe crash.
Also, if a company is forging or "optimizing" its statements too much, you want professional short sellers - some of whom are very good at detecting this very early - to bring the share price to where it should be.
Re. 3.
For each trade, there is a buyer and a seller. Which one is the evil speculator?
To me - who has been in the corporate world for many years - trading is the most honest job out there. There is no way someone can "bullshit" their way to success. The markets are brutally honest. Either you win or lose based on your decisions and actions and not based on what you tell others or try to make them believe.
My goal is not avarice. It is to make money so I can do good in the world.
Well I intend to have a bit of fun too. But the point is trading is certainly not bad. Amoral perhaps. Immoral no.
I think it is important to think about ethical and philosophical issues in our lives. But there is nothing inherently bad about trading. Only ignorant people think so.
I have had that discussion several times with a few friends of mine. In the end it always looks to me like they are a bit jealous because they don`t have the money to start trading or are just to concerned about their money.
Indeed. My stepson used to offer me a 10 pound note and ask if I could change it into 10K for him. I asked if he was ok that I might just as easily turn it into 10p for him. He doesn't ask so much now.
