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Criminalizing Economic Inequality through the Prohibition on Insider Trading by Kevin Douglas
Ayn Rand Institute Live!
English - December 21, 2022 16:00 - 1 hour - 85.5 MB - ★★★★★ - 97 ratingsCourses Education Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Understanding Evil: The Soviet Union and the Sanction of the Victim by Nikos Sotirakopoulos
Next Episode: The Case for Open Borders by Harry Binswanger
Mr. Douglas will describe how insider trading laws criminalize several forms of economic inequality. Property law generally protects a business owner’s freedom to profit from trade secrets and business opportunities, and by setting prices. By contrast, the prohibition on insider trading undermines the usefulness of information for its owners and treats less informed investors as victims of investors with information advantages. The result is a system of regulation that actively redistributes and even nullifies investors’ wealth—all in the name of protecting property rights in information.
Recorded live on July 5, 2022 as part of the Objectivist Summer Conference.