Martha Stewart Did Nothing Wrong


Martha Stewart, apparently headed to prison after her trial and conviction for the healthy practice of "insider trading"

Martha Stewart was arrested, convicted, and imprisoned for doing something that actually helps society more than all of her home-making advice, combined.

What makes something good, or bad, is not whether it’s legal or banned. Anyone who disagrees can go explain it to Mr. Schindler.

The difference between right and wrong, good and bad, is whether you violate another person’s property (including their body). This is the one universal “good versus evil” shared by all societies and religions. All of the rest is popular social habits turned into taboos over time, be it covering random body parts (faces in Afghanisan, breasts in America), burping (bad in America, good in Bahrain), or mullets (it’s not that they’re ugly, it’s that they now symbolize a now-unpopular subculture).

Martha Stewart was convicted for doing something illegal that is not bad, and should not be banned. In fact, using any information you consensually obtain, in order to help you make economic decisions, is a good thing. Our economy would be healthier if “inside” information were built into the price of stocks sooner, instead of implosions coming out of nowhere, or companies with a great future having to struggle for capital because it’s illegal to use a “stock tip”.

The whole point of a stock market is to help distribute investments and capital more efficiently than any “expert” or central planner ever could. This requires the participants to be not only responsible for their own risks, but free to make their decisions on any basis they choose.

“Insider trading” needs to be restored as a matter of pride, like having a hot tip on a sporting event, not wrongfully condemned as another arbitrary taboo, repressing society.

Bernie Madoff did something objectively wrong, claiming to be investing people’s money while he was actually just paying off previous investors. That’s evil even when the government makes it legal and calls it a retirement plan…

But what Martha Stewart did was objectively good, using knowledge she had to convey price information to society, even though the government says it’s illegal and calls it “insider trading”.

Advertisements

About kazvorpal
Polyamorous, libertarian heinleiner. ENTP, student of traditional Shaolin kung fu, writer, cunning linguist.

2 Responses to Martha Stewart Did Nothing Wrong

  1. carolyn says:

    Excellent article! We will be linking to this great post on our site.
    Keep up the good writing.

  2. TurtleShroom says:

    MARTHA STEWART DID NOTHING WRONG

    Martha Stewart will always be a person I respect and admire, and I do not understand why insider trading is wrong or illegal. I don’t think I ever will because it does not seem to be wrong and it CERTAINLY is not sinful.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: