The Ethics of Profiting from Others’ Failure

 
icehorse
 
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icehorse
Total Posts:  7991
Joined  22-02-2014
 
 
 
17 May 2020 08:02
 

In the stock market, there are various ways to invest your money such that if a company’s stock value goes down, you make profit. In effect, you’re betting for these companies to weaken or fail.

Do you think that making such bets is ethical? I’m of a mixed mind.

(Note: I put this thread in the “news” forum because a lot of companies are struggling to survive the pandemic.)

 
 
Jefe
 
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Jefe
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Joined  15-02-2007
 
 
 
17 May 2020 09:45
 

It makes me somewhat uncomfortable, simply due to the possibility of gaming the system.
Also, building on failure is not a constructive path forward - generally speaking.

 
 
MARTIN_UK
 
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MARTIN_UK
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Joined  19-08-2010
 
 
 
17 May 2020 09:48
 

If I knew how that worked I could tell you what my gut says?

 
Jb8989
 
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Jb8989
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Joined  31-01-2012
 
 
 
17 May 2020 09:51
 

The only way for good cultural artifacts to survive is for them to have financial value. Toiling in down markets seems sadistic when you only think about the little guy loses, which is definitely bad in a lot of ways - especially for concepts of locality - but sometimes the only way to make local universal is to walk through the commercial ugliness of those who see with their ears. The difference between gazing a beauty and gawking at superficiality comes to mind.