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Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mtalantikite on Thursday December 16, 2021 @10:33AM (#29579172)
I mean she's worth over $100 million and her husband is a professional investor, it's not surprising they'd want to keep restrictions off of themselves. It's shameful, but it's not surprising.

A while back there was some noise around potential favorable treatment she gave Visa around the time of their IPO. [1] Congresspeople really should be forced to stop all trading activity while serving in office, aside from maybe putting things in index funds. And have term limits.

[1] https://www.cbsnews.com/news/new-details-on-visas-attempt-to...

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by exabrial on Thursday December 16, 2021 @02:20PM (#29582551)
Her husband is a professional investor who somehow manages to buy very deep options on troubled corporations right before the legislative branch hands them a bunch of money, sending their stock price soaring.

California can't be bothered not to elect this evil person that is the absolute epitome of corruption.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @02:38PM (#29582788)
> California can't be bothered not to elect this evil person

Except in the tiniest (by population) states, states at large do not elect members to the House, despite the fact that they are frequently identified by party and state.

California is the maximum example of the error of this kind of description.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by anoonmoose on Thursday December 16, 2021 @03:54PM (#29583769)
OK. San Francisco, the fourth largest city in California, can't be bothered not to elect this evil person. Happy?
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by undersuit on Thursday December 16, 2021 @10:36PM (#29587385)
The rich city that can't even be bothered to deal with the shitty conditions that drove most of them to Uber everywhere?
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by snerbles on Thursday December 16, 2021 @04:31PM (#29584203)
A significant fraction of HN's readership resides in that district as well.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by jjeaff on Thursday December 16, 2021 @02:42PM (#29582848)
Is there evidence of this? Anytime I have seen the details, in context, of Pelosi trades, they seem very unconvincing.

When someone does a lot of trading, it is easy to cherry pick the successful trades or apparently conflicted trades while ignoring the whole picture, and scope of the portfolio.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by itsoktocry on Thursday December 16, 2021 @03:32PM (#29583487)
>Is there evidence of this?

Is this the right question? Insider trading is incredibly hard to prove as it is. But we know that Pelosi is privy to insider information. She's an 82 year old centimillionaire, does she really need to be day-trading options?

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by docmars on Thursday December 16, 2021 @05:31PM (#29584892)
Not to mention it's commonsensical at this point -- we can let the courts decide, but there is enough reason to suspect something dubious is afoot, given her lack of integrity as a person from moral and ethical standpoints.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by merpnderp on Thursday December 16, 2021 @05:00PM (#29584571)
I think her husband has beaten Warren Buffet by nearly double. No one is consistently that good.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by jjeaff on Monday December 27, 2021 @09:08PM (#29709514)
I don't think that would be possible to deduce from public filings. I would imagine that someone has estimated it based on net worth growth, but of course, that would assume that all of their investments are in stock only. They own an investment company as well as lots of real estate. More than likely, their growth in net worth has primarily been through appreciation and income from the business.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by exabrial on Thursday December 16, 2021 @07:15PM (#29585922)
Yes. It's well known she's corrupt to the bone.

https://unusualwhales.com/i_am_the_senate/congress

> As of December 22nd stimulus was just approved on that day. On December 22'nd, Pelosi’s Husband purchased deep ITM TSLA and AAPL calls. After Market close on December 22'nd, she voiced support for $2000 of stimulus after Donald Trump tweets the need for additional stimulus. Those same companies rally 5%, giving an instant +30 return, on Dec 23rd.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by skinkestek on Friday December 17, 2021 @01:35AM (#29588677)
As much as I despise Trump I think see very well why he became president back when he did and also why Joe Biden barely won despite the massive support he got from almost every tech and media company.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by thenightcrawler on Thursday December 16, 2021 @02:57PM (#29583078)
I think her husband has beat the s%P the last year, I"m not sure long term.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mattferderer on Thursday December 16, 2021 @04:30PM (#29584182)
From what I've seen in headlines he buys a lot of big tech call options dated a year out or more. Since big tech has done well over the past decade, he probably has beat S&P by buying calls. As long as big tech stocks go up 10% a yr, he'll do well with that strategy.

According to this they invest heavy in mostly big tech, probably similar to a lot of people here https://housestockwatcher.com/summary_by_rep/Hon.%20Nancy%20...

I think the public should be given notice immediately when Congress members purchase or sell shares/options. I think they should also have to hold on to shares/options for a certain length of time. I think this could solve most problems.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by pixelatedindex on Thursday December 16, 2021 @03:06PM (#29583195)
There was a twitter account that was called "Nancy Pelosi's Stock Tracker" but since Jack left, the new CEO seems to have shut the account down. I have no idea why it was shutdown though.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by netizen-936824 on Thursday December 16, 2021 @04:25PM (#29584121)
Ah yes, CEOs are in charge of banning individual accounts
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by 12edline on Thursday December 16, 2021 @04:53PM (#29584482)
I'm not sure if you're joking but Jack Dorsey was absolutely the final decision maker in many high profile account bans
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by docmars on Thursday December 16, 2021 @05:51PM (#29585082)
Irrelevant. Why did Twitter ban an account reporting objective details on a public figure's actions and/or corruption?

(The 3rd most powerful person in our elite ruling class, mind you)

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by impendingchange on Saturday December 18, 2021 @04:25PM (#29608672)
They did ban Trump's account...
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by carnitine on Thursday December 16, 2021 @03:21PM (#29583354)
So have plenty of people?
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by jdavis703 on Thursday December 16, 2021 @04:14PM (#29584011)
Oh come on. Have you seen the people who have primaried her? While their politics may or may not be better, they have been problematic personal and professional lives.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @08:34PM (#29586627)
> Have you seen the people who have primaried her?

“Primaried” usually refers to opposing in a partisan primary (as a way of distinguishing those people from other electors opponents.)

California has for some time not used partisan primaries except as part of the Presidential nominating process.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by jdavis703 on Thursday December 16, 2021 @11:17PM (#29587683)
Non-partisan primaries in the inner Bay Area are usually Dem vs. Dem. For all intents and purposes they are effectively partisan (ignoring the bad blood between “moderate” Dems and self-styled “progressives”), with Republicans relegated as essentially a distant third party.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Friday December 17, 2021 @04:17AM (#29589771)
> Non-partisan primaries in the inner Bay Area are usually Dem vs. Dem.

No, they aren't, they universally include numerous parties and independents, including Republicans, as well as Democrats.

They general election after the top-two nonpartisan primary is sometimes Dem v. Dem, though that’s only happened in exactly one (2020) of Pelosi’s five elections since the top-two nonpartisan primary was adopted, so even if you meant the general rather than the primary, “usually” is far misplaced.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by jdavis703 on Friday December 17, 2021 @08:37AM (#29591876)
The last primary we had for an empty seat was something like 4 Dems, 1 Republican and some other third party. The Republican didn’t really even show up to various debates and round tables.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Friday December 17, 2021 @10:04AM (#29593089)
> The last primary we had for an empty seat was something like 4 Dems, 1 Republican and some other third party

I’m not sure which seat and which election you are talking about, but that would be consistent with the Republican strategy of trying to discourage more candidates from running, because that way vote splitting worms in their favor, maximizing their chance of making it into the top 2 and maximizing their perceived strength going into the general. Party leaders have been fairly open about their strategy of dealing with the top-two primary system.

> The Republican didn’t really even show up to various debates and round tables.

That's also a pretty common Republican strategy where there would be more than two candidates on the stage in California, on the theory (which has some support) that the hits coming out of such a forum will be on the candidates involved.

[dead]
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @08:37PM (#29586657)
> Mark Meadows texts recently, which single-handedly disprove the Left's January 6 claims of Trump's involvement

Uh, Meadows’ texts do no such thing.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by docmars on Friday December 17, 2021 @09:34AM (#29592675)
Then why else did the committee drop that evidence like a hot potato once they found out it complicated their case?

We're not seeing their corporate media buddies belabor trivial information or twisting it to manipulate people into thinking it serves as evidence against Trump.

In fact, in the video I linked, it shows a clip from CNN of all places supporting my point because they can't even twist it.

Willful ignorance is a choice, it's just nice when folks are more honest about it.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Friday December 17, 2021 @10:22AM (#29593350)
> Then why else did the committee drop that evidence

On what basis do you claim they did?

I mean, sure, it might look like they had if they didn't question Meadows about it when he showed up to testify after they got it...but he didn't, which is why he’s facing a contempt referral. Short of that, other than it's absence from any final report, I’m not sure what concrete sign would exist that they had “dropped” it at all.

> We're not seeing their corporate media buddies belabor trivial information or twisting it to manipulate people into thinking it serves as evidence against Trump.

While I agree with the exact wording here, as what is being belabored is not trivial and the analysis of how it is evidence against Trump and his inner circle is not twisted, the media that's not full-time right-wing propaganda is indeed pointing to them as a “smoking gun”, so, if “major media pundits aren't claiming that they are evidence against Trump” is the basis of your claim that the committee is dropping the texts, the premise is as faulty as the logic (a few examples of thousands):

https://www.cnn.com/2021/12/14/politics/mark-meadows-text-me...

https://www.cnn.com/2021/12/14/politics/january-6-committee-...

https://www.washingtonpost.com/opinions/2021/12/13/mark-mead...

https://www.esquire.com/news-politics/politics/a38514277/mar...

About the best you can say for the texts is that they are sometimes being treated as less of a smoking gun than the PowerPoint presentation on the strategy for the coup turned over by Meadows.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by shams93 on Thursday December 16, 2021 @11:53AM (#29580344)
Yeah what happens is because we have no term limits these Senators stay in office for 100 years and amass huge amounts of insider info, its an incredibly debased system at this point.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @12:10PM (#29580602)
Term limits shift power away from the representatives that the public has democratically chosen and instead empowers those bureaucrats who serve in government for 40 or 50 years. Please see:

"Democracy for Realists: Why Elections Do Not Produce Responsive Government"

by Christopher H. Achen and Larry M. Bartels.

https://www.amazon.com/Democracy-Realists-Elections-Responsi...

If you want democratically elected representatives to be able to gain power over the machinery of government, then you should advocate for longer terms, without limits. If every Senator was elected for 15 years, we would get better government.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @02:09PM (#29582418)
> If you want democratically elected representatives to be able to gain power over the machinery of government, then you should advocate for longer terms, without limits

Sure, but long terms make the democratically elected representatives are less representative of the public will because of lack of immediate accountability.

What would be better is current terms, absence of term limits, and candidate-centered proportional—e.g., by single transferrable vote (STV)—elections in multimember districts (say, up to 5 member districts for the House, two-member for the Senate by putting those from the same state in the same class and electing them together), so that typically there is some choice at the general election within parties (e.g., a party with an incumbent but not all the seats available would usually be incentivized to run at least one more candidate to contest for a potential additional seat) and more viable parties, so that you have both accountability and representatives that are durable in office if they retain popular support.

> If every Senator was elected for 15 years, we would get better government.

If every Senator was elected for 15 years, we get government even more detached from the popular will, both legislatively, executively (because of the Senates veto of top executive appointments), and in judicial selection.

And the reduced accountability would supercharge corruption, too.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @04:36PM (#29584275)
"we get government even more detached from the popular will"

Christopher H. Achen and Larry M. Bartels present an abundance of evidence that there is no popular will. The public does not understand the issues. The voters do not know what they want. Achen and Bartels also make the interesting argument that when there is more than one issue (more than one dimension) it becomes difficult to build a 51% coalition that also has 51% support on every issue, and where there are, say, 100 issues, it becomes almost mathematically impossible to build a 51% coalition that also holds the popular position on every issue. Put differently, to win elections, politicians must advocate for some deeply unpopular issues. This is the most important thing to understand if we are going to understand "Why elections do not bring about responsive government." (the subtitle of the book).

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @04:53PM (#29584480)
Of course, it would be possible to solve this particular problem (multi-issue voting lacking a 51% equilibrium) if voters had one vote for every issue. Not that there is any way to know how many issues a voter might regard as important, but giving voters more than one vote, and allowing the election of more than one candidate, does solve some of the mathematical problems that Achen and Bartels raise.

On the other issue, that the public is ignorant of most issues, remains a real concern.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @09:07PM (#29586871)
> Christopher H. Achen and Larry M. Bartels present an abundance of evidence that there is no popular will.

If one takes that seriously, the solution is to abandon elections and the pretense of democracy entirely.

Arend Lijphart, on the other hand, has shown that there is a public will, people do know what they want, and that democratic systems with greater electoral proportionality deliver it to them better and make them happier with government.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @09:32PM (#29586992)
"the solution is to abandon elections and the pretense of democracy entirely"

That does not follow at all. The benefits of democracy have been well-documented -- as well documented as the fact that the voters don't understand the issues and do not know what they want. The evidence on both points is overwhelming. Those facts are not in contradiction to each other, rather, it is clear that the benefits of democracy do not come from the voters. The benefits must come from somewhere else:

https://demodexio.substack.com/p/democracy-for-realists-part...

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mech422 on Thursday December 16, 2021 @12:27PM (#29580888)
If Senators served 15 year terms, without limits...

We'd be right back where we are now - people server 30+ years, so entrenched in serving their own good and not the public good.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @01:59PM (#29582288)
I'd ask you to consider the possibility that it doesn't matter how long an individual serves, what does matter is whether that person's party can lose power. It's an argument explored by Achen and Bartels, and I wrote about it here:

https://demodexio.substack.com/p/democracy-for-realists-part...

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @02:13PM (#29582472)
> what does matter is whether that person's party can lose power.

With 15 year terms, that can't happen on any reasonable timetable, either. If you maintained the three-class system, you’d have 1/3 of the Senate elected every five years. If you kept roughly equal sets every two years you'd have 2/15 (13-14 out of 100) every 2 years.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @04:48PM (#29584428)
The risk of losing power could potentially happen every month, if you have elections every month. Electing 3 people a month for 15 years would give a legislature of 540 people, the size of the combined houses of the USA Congress and close in size to the British parliament. I'd suggest every voter gets 2 votes and then the top 3 vote-getters are then elected. Of course, when one side has a large lead, it means they are safe for a few months (if you've got 30 person lead, then you know you are safe for at least 10 months). And also, such a system suggests the whole polity voting for national figures, without representation of specific geographic regions. As with software, it is a set of tradeoffs about what kind of system one wants to has. The important thing to realize is that most of the current problems with democracy can be fixed, by adapting a different architecture, which would have different starting premises. The goal would be to have a government that functions well and which has mechanisms of accountability that limit corruption and abuse.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @09:03PM (#29586850)
> The risk of losing power could potentially happen every month, if you have elections every month. Electing 3 people a month for 15 years would give a legislature of 540 people, the size of the combined houses of the USA Congress

The proposal was for Senators specifically. This is clearly different, but it's not clear what it is. So, is your proposal:

(1) to abolish the Senate, and do this in the House, or (2) to abolish the House, and do this to the Senate, maintains equal representation (540 not being divisible by 50 makes this problematic), (3) to abolish the House, and do this to the Senate without equal representation, or (4) to do this to the House, but retain the Senate as is, or (5) something else?

Note that #3 and arguably #1 are outside the power of even a Constitutional Amendment, since the power to amend the Constitution explicitly does not extend to removing equal representation of states in the Senate.

> Of course, when one side has a large lead, it means they are safe for a few months

A 4 seat (<1%) lead is safe for 6 mmonths. A 16 seat (3%) lead is safe for 15 months. A margin the proportional size of that after the 2018 House election in the US would take losing every seat up for election for 3 years, 9 months to lose. These are small margins; a large lead is absolutely secure for lot longer than “a fee months”.

> The important thing to realize is that most of the current problems with

I’m fully behind that. Long legislative terms just is a very bad idea that is hyperfocused on one (overstated) problem and which makes (almost independent of what else you try to do alongside) most other problems worse.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @09:42PM (#29587051)
"A margin the proportional size of that after the 2018 House election in the US would take losing every seat up for election for 3 years, 9 months to lose"

You make it sound like that is a long time. In Britain, the Fixed-term Parliaments Act of 2011 makes it unlikely there will be many elections held at less than 5 years.

But having a safe majority that is locked in for longer than 5 years can bring benefits. The evidence is overwhelming that the current majority is, at all times, ignorant, irrational, biased, bigoted and impulsive. Therefore, we should want all real power to be in the hands of the long-term majority, not the current majority. Big changes should come from majorities that manage to survive for several years.

I believe you are a software developer? So you should understand the concept that a signal can be derived from a noisy source, given enough time.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @09:50PM (#29587095)
> You make it sound like that is a long time.

It is compared to the claim that “a large margin is safe for a few months”.

> In Britain, the Fixed-term Parliaments Act of 2011 makes it unlikely there will be many elections held at less than 5 years.

Yes, but it assures that 100% of seats will be elected in 5 years, and that no majority is safe for longer than that and none takes more than a majority of the elections in that time to overturn.

> The evidence is overwhelming that the current majority is, at all times, ignorant, irrational, biased, bigoted and impulsive

No, the evidence is that effectively representative, responsive democracies produce the best results for their people. The US mostly fails on effective representation, and the proposed change would compound that by making it also fail on responsiveness.

> Big changes should come from majorities that manage to survive for several years.

Sure, maybe, that's why procedures that require long (e.g., multistage, with legally or practically mandatory delays) process for major changes arguably make sense.

But rendering any substantial majority effectively immune to change once established defeats the purpose of that. If the argument is correct at all, it is that big changes should come from legislative majorities that survive for an extended time because they represent a durable majority in the electorate.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mech422 on Thursday December 16, 2021 @06:29PM (#29585498)
Maybe I'm just cynical, but I tend to think of which party is in 'power' as just a proxy for which party gets the biggest bribes :-P

But tbh, if I had the answers, I'd run for govt :-D

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by salawat on Thursday December 16, 2021 @08:01PM (#29586321)
I'm convinced we need more people without answers going in in government.

It bugs me that every representative we elect is expected to have their own plan other than to "represent". Fast talk and snappy speeches are cheap. Willingness to acquire deep understanding, be challenged, and even sometimes put your own convictions aside for your constituents, and the systems that exist to serve them? That's hard.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by IG_Semmelweiss on Thursday December 16, 2021 @10:48PM (#29587483)
You can easily solve for that too:

- No federal employee making in excess of 2x (3x?) poverty level may remain on the job for more than 8 years. Possible exemptions: senators + enlisted military personnel. (Need more turnover at the top of officer corps anyway)

- No appointee federal bureaucrat may remain on the job for more than 8 years

- Any appointed bureaucrat or elected official, will have a fixed 79% and 99% tax bracket on any income in excess of the high watermark of the average income in the 5 years preceding their appointment or election.

There. Fixed it. Want to serve?

Do it for duty Not for money.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lp0_on_fire on Thursday December 16, 2021 @02:11PM (#29582448)
Perhaps having career bureaucrats isn't exactly the best thing, either. Many people complain about the lack of term limits for congress but most don't seem to have a problem with the byzantine bureaucracy that practically necessitates having these career bureaucrats, who are often the ones implementing _real_ policy. (I.e. the administrative state).
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @05:33PM (#29584907)
The advice I give to startup CEOs, regarding their business, is exactly the same advice that I would give to every citizen regarding their government:

"Take, for instance, money. A small team of highly ethical individuals can generally trust one another to safeguard money in an appropriate way. Many small churches and family businesses are run this way, with loose controls over who can deposit or spend. However, as a company grows, the chance you'll hire an unethical individual also grows. At a certain scale it is almost certain that a worker will steal some money, if they have the chance to do so. So a company must impose rules about handling money, and there needs to be a process for paying bills, with someone authorized to write checks and use the company credit cards. This is the beginning of your financial bureaucracy, and the tight limit on who holds the authority to spend is the beginning of hierarchy in this area."

"Is this a bad thing? Again, you'll confuse yourself if you think about this in terms of good or bad. Just focus on your goals. What strengths do you want to build into your organization?"

"Nowadays, there is a widespread idea that bureaucracy makes an organization rigid. But consider the ways that a well-designed bureaucracy for money control can make your organization more flexible. If you decide to keep your money control bureaucracy small then you'll also need to keep your purchasing process simple, perhaps by centralizing all purchasing decisions in the hands of the CEO or CFO. That one individual then becomes a choke point that limits progress – nothing can get done until they find time to pay some bills and buy some necessary materials or services. And there is an obvious limit on how much the company can grow when the authority to pay a bill is so limited. But even when the money handling bureaucracy grows to three or four people, that’s still not enough to oversee complex spending patterns, so your company will still be forced to follow simple and inflexible rules. By contrast, what if you wanted to decentralize the power to make purchases? What if you wanted to empower each team with the ability to make whatever purchases they felt they needed, up to some reasonable limit? That would make your organization much more flexible, but it also makes it more difficult to track the money, and therefore it requires a larger bureaucracy for tracking each dollar. My point is, the larger bureaucracy can actually help enable some kinds of decentralized decision making, and thus improve the agility of the organization. A growing bureaucracy does not automatically equal growing inflexibility, rather, the whole point is to try to maintain flexibility at scale."

An excerpt from:

"Don't make a fetish of having flat organization"

https://demodexio.substack.com/p/dont-make-a-fetish-of-havin...

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by njarboe on Thursday December 16, 2021 @04:21PM (#29584076)
Maybe term limits for all government employees. 10 years and you are out. Of course then you would likely end up with tons of former government employees working as contractors to the government. Ban that next? This is a hard problem to solve with rules and laws instead of culture.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @04:40PM (#29584327)
If we want good government, then we need civil servants who are willing to work their whole careers in government. If we want good military officers then we need people who will devote their whole life to the military. If we want good park maintenance we should hope for people who are willing to live their whole lives as park rangers. If we want accurate budget projections, we need accountants and economists who are willing to commit their whole lives to understanding the relationship between government policy, taxes, and the results on the budget.

Term limits won't get us there. We need to go in the other direction.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by anamax on Friday December 17, 2021 @02:37AM (#29589069)
> If we want good government, then we need civil servants who are willing to work their whole careers in government.

Working for a long time on a given problem may make one competent, but it doesn't make one good.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by xanaxagoras on Thursday December 16, 2021 @01:06PM (#29581513)
That's an interesting idea and it makes a certain kind of sense, but I would hate to be 17 though when my senator gets elected and be stuck with someone I hate an didn't vote for until I'm 32.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @02:03PM (#29582338)
That's just it though, once we start considering how to fix one issue, we realize that a particular design decision is part of a wider architecture, and it's impossible to change the one design decision without undermining the whole architecture. It's like software, in a sense, that if you try to quickly patch a system, with no regard for the assumptions of the system, you will end up with tech debt. That implies that actually fixing the problems with our democracy requires a hard re-think of certain fundamentals. If you're at all interested, I plan to spend the next year writing about this issue:

https://demodexio.substack.com/p/what-i-hope-to-prove

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @02:32PM (#29582701)
> That's just it though, once we start considering how to fix one issue, we realize that a particular design decision is part of a wider architecture, and it's impossible to change the one design decision without undermining the whole architecture

'Sokay, the architecture is fundamentally flawed, in part because it was designed when less was known about the pragmatics of representative democracy because of less extensive experience and no systematic research and analysis, but also because in some parts it was designed with bad purpose (notably, entrenching chattel slavery.)

Undermining the whole architecture ought to be the goal.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @04:56PM (#29584517)
Designing a new architecture should also be a goal, otherwise we will end up in that limbo where the old system has been destroyed but the new system has not yet been built. From what I've read in history books, such transitions are uncomfortable.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by hobs on Thursday December 16, 2021 @12:37PM (#29581044)
The claim is that civil servants are the bad guys and yet somehow people we make into civil servants would somehow "fight for us" - its the same line of bullshit that politicians have been hawking for decades in America.

I'm an outsider! They yell, as they have private meetings for billions.

Pelosi has been in office for 18 terms... so how hasn't she been able to "fix the system"?

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dariusj18 on Thursday December 16, 2021 @12:46PM (#29581208)
No, the claim is that civil servants are not directly responsible to the constituency. Like it or not, Representatives are elected every two years by their constituents. Representatives get to do what they want as long as their constituency is ok with it (within the bounds of their own body's rules, which they get to vote on)
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by bumby on Thursday December 16, 2021 @04:53PM (#29584481)
That implies what, though? That the people get the government they deserve due to their unwillingness to learn and vote people out of office?
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dariusj18 on Saturday December 18, 2021 @01:38PM (#29607156)
Or they get the government they want, or they don't get the government that they don't want. The later seems more often to be the way people vote.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by hobs on Saturday December 18, 2021 @01:00AM (#29602112)
Gerrymandered districts and two party politics where the other guy is the worse guy conspires pretty well to make sure this never happens.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dariusj18 on Saturday December 18, 2021 @01:33PM (#29607102)
Gerrymandering is an issue, but it's actually the solution to greater problems. Gerrymandering itself is performed by elected officials who, again, are responsible to their constituency. The practice can be seem undemocratic, but the two party system is an eventuality, if one party starts gaining too much power and popularity then people will just start joining that party which will create a schism which will in turn create another party. We cannot guard against a two party system.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by throwaway6734 on Thursday December 16, 2021 @12:44PM (#29581163)
Because one individual rep has limited power? This is a positive thing and not a negative
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by tharne on Thursday December 16, 2021 @02:58PM (#29583092)
Pelosi is the Speaker, not some backbencher with one vote. She has enormous power, perhaps only second to the President.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dariusj18 on Saturday December 18, 2021 @01:36PM (#29607144)
It depends on what you mean by power. She has only as much power as her caucus will afford her. The role of Speaker has it's limits, and she's not really popular enough in party politics to sway the zeitgeist.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by skeeter2020 on Thursday December 16, 2021 @02:07PM (#29582393)
Right now we get that with the huge advantage incumbents have over any challengers.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @04:58PM (#29584544)
If legislators need long terms to provide good government, but they have unfair advantages at re-election, then the solution would be very long terms that are also single term. Perhaps a legislator is elected for 18 years (the amount of time that the top judges serve in Britain), but is only allowed to serve one term. So there are no re-elections. The legislator has one long term to do some good, and then they are gone.

Some people dislike the idea of legislators serving long terms. I've always wondered why, exactly, we are comfortable with judges serving long terms, but not legislators.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mindslight on Thursday December 16, 2021 @09:05PM (#29586858)
Long single terms would remove the lone check of the ballot box. Get in, and then shamelessly profit for an 18 year term. Maybe it would be better because a newcomer might produce a year or two of honest work at the start of their term, but more likely they'd be coming from a lower office where they learned to be thoroughly corrupt.

What's really needed is an end to backwards plurality voting and monopolistic primaries - have one big runoff vote. Make voting for better candidates not be at odds with accepting the safe option. Of course no politician is going to support this, as marketing themselves as the lesser of two evils has become the entirety of their promotion.

Furthermore, get rid of terms and have every single office on the ballot every single year, or better yet every quarter. This would make it much harder to spend overwhelmingly on campaigns (since the campaign would never end). It would also provide a stage for challengers to gain momentum organically rather than this long-iterated process where a challenger becomes viable in one cycle only to be forgotten the next time.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by JJMcJ on Friday December 17, 2021 @03:53PM (#29598213)
It also tends to empower lobbyists, not in the sense of elected officials needing money for campaigns, but the officials and their staffs lack knowledge and sophistication on many issues.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mcguire on Thursday December 16, 2021 @04:24PM (#29584115)
Is this based on real data, or is it just theoretical?

Electing Senators for life is essentially what we have now, and that seems to be working spectacularly.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @04:42PM (#29584351)
The research on this has built up over the last 120 years and Christopher H. Achen and Larry M. Bartels survey most of that, starting with the critics of Progressive Era reforms, and moving up to modern studies of situations where the public has made poor choices because the voters do not understand the issues.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by Wistar on Thursday December 16, 2021 @12:39PM (#29581078)
Well, it'd certainly reduce the amount of time spent by politicians on getting re-elected.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @01:57PM (#29582255)
Which could be a good thing. See the book "10% Less Democracy":

https://www.amazon.com/10-Less-Democracy-Should-Elites/dp/15...

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by 0xdeadbeefbabe on Thursday December 16, 2021 @12:20PM (#29580763)
40 to 50 years is still greater than 15 though isn't it?
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lkrubner on Thursday December 16, 2021 @02:06PM (#29582373)
True, though the ratio of 15 to 45 is better than the ratio of 2 to 45. I'm assuming there is some law of diminishing returns here, that hasn't set in at 2 or 4 years, but has set in by 15 years. In other words, a politician who has to run for office every 2 years is powerless in the face of civil servants, whereas a political who runs for office every 15 years definitely has the time needed to force a showdown with civil servants, whenever civil servants are acting in a rogue manner.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @02:14PM (#29582485)
> True, though the ratio of 15 to 45 is better than the ratio of 2 to 45.

Senate terms are 6 years, not 2.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by bumby on Thursday December 16, 2021 @04:56PM (#29584513)
Are we still talking about Pelosi? She’s not a Senator
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @08:23PM (#29586527)
> Are we still talking about Pelosi? She’s not a Senator

We’re talking about the suggestion “if every Senator were elected for 15 years...

Which, yes, was an odd suggestion in this thread for the reason you point out, sure.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by bumby on Thursday December 16, 2021 @09:04PM (#29586854)
Thanks for clarifying, it was a bit hard for me to follow on mobile
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by syki on Thursday December 16, 2021 @11:59AM (#29580433)
What does one have to do with the other? Do you have valid reasons for thinking corruption of Senators or Representatives would be less with term limits? I think the level of corruption would not change with term limits and there are some negatives with term limits. I don't see how it would help.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by nescioquid on Thursday December 16, 2021 @12:17PM (#29580714)
Pelosi has been in congress since the 80s. I do not think congress-critters will support higher ethical standards that prohibit them from profiting off of insider information if they think that means putting themselves in a straight-jacket for the rest of their lives. The ability to profit off insider information is probably a reason some of our congress-critters stay in office rather than retiring and pursuing goals elsewhere.

Through the 80s and 90s, I recall politicians and talking heads using the phrase "...even the appearance of impropriety". I'm tempted to conclude there's something telling about the way this quaint phrase seems to have disappeared.

EDIT: not saying term limits are the answer, just that I can see the relationship suggested.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by syki on Thursday December 16, 2021 @12:44PM (#29581176)
My contention is that we have very corrupt politicians leading the country. That corruption will not go away with the imposition of term limits. It's a bad response to the problem of corruption. I don't know what would solve the problem but strongly feel term limits is not the solution. I know you aren't saying that term limits are the answer; I'm clarifying my position.

I do agree that politicians aren't even trying to avoid the appearance of impropriety. Their response seems to be that in the absence of absolute proof of impropriety then any appearance of it is ok.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by felistoria on Thursday December 16, 2021 @12:53PM (#29581317)
The solution is the require everyone that holds high office to put all their investments in a blind trust when they take the oath of office.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by nescioquid on Thursday December 16, 2021 @01:35PM (#29581943)
FWIW, I agree with you. For a brief time in the 90s, the topic was au courant, and my opinion was that is was a smoke-screen against campaign finance reform.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by asimpletune on Thursday December 16, 2021 @12:56PM (#29581355)
Can you elaborate why term limits wouldn’t at least help the problem?
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by syki on Thursday December 16, 2021 @01:58PM (#29582274)
A term limited politician will want to secure their future and will go into the job with the knowledge that their time is limited no matter how well they do the job. They’ll seek compensation. The corruption will morph to adapt to the new reality of term limitations but the amount of corruption will not decrease.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by asimpletune on Friday December 17, 2021 @05:00AM (#29590093)
I see, so basically people are greedy. Yet under that same predicate, wouldn’t the same greedy senator be worse in-perpetuity?
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by syki on Friday December 17, 2021 @10:38AM (#29593600)
Neither worse nor better. Just different form of corruption. Term limits is not a good way to fight corruption.

The Democrats held the House of Representatives for something like 40 years straight until 1994. You had famous scandals involving entrenched Democratic Congressmen. In 1994 Republicans made term limits a rallying point and they took over the House. Both parties have since jostled for control of the House. But when Republicans had the power they did not impose term limits. It’s just a rallying point and will do nothing to stop corruption. There may be good reasons for term limits but anti-corruption isn’t one of them.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mech422 on Thursday December 16, 2021 @12:31PM (#29580954)
>> Do you have valid reasons for thinking corruption of Senators or Representatives would be less with term limits?

I like to think people's terms limit would be reached before they get jaded and cynical.. At the very least, it would reduce the number of years (and hence the total amount of money) lobbyists, etc. would be focused on them. Someone that might think $100K in lobbyist money isn't worth the risk of repercussions, might think $1M (over time) is.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by syki on Thursday December 16, 2021 @12:40PM (#29581109)
I believe otherwise. A term limited politician will look for ways to secure their future. I think with term limits we'd end up with even more legislation effectively written by lobbyists. Think Robert Rubin type corruption on an even wider scale than it is today.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mech422 on Thursday December 16, 2021 @06:23PM (#29585441)
I don't think we _could_ end up with more legislation written by lobbyists. It's pretty much 100% already.

I think at the worst, we'd be right where we are now...

Plus with term limits, at least we'd be rid of them, instead of having them perpetually come back...

However, the litmus test would probably be if we actually get term limits.. After all, if they're that corrupt, they won't vote against their own interests.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by pseudalopex on Thursday December 16, 2021 @12:41PM (#29581117)
Lots of already cynical people go into politics.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mech422 on Thursday December 16, 2021 @06:20PM (#29585392)
True dat
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by cmiles74 on Thursday December 16, 2021 @12:12PM (#29580621)
With limits on how long they can hold the office, there will be a much shorter time span in which they can collect and act on inside information. There will also be a much shorter time span in which they can form relationships with these companies that could lead to the collection of inside information.

In my opinion it's not a solution but it is another way to limit the amount of this kind of trading.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by syki on Thursday December 16, 2021 @12:15PM (#29580677)
Yes, it might limit this type of trading but the corruption will just be another type.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by clairity on Thursday December 16, 2021 @03:58PM (#29583828)
rather than worrying specifically about term limits, i think the general solution to political corruption is much more democracy, not less. make it very, very expensive for money to corrupt power, and make it hard to stay in power without maintaining fairness and integrity in the political system.

instead of 100 senators, let's have 100 per state [0]. instead of 1 representative per 750,000, let's go back to the original 1 per 30,000, giving us 11,000 representatives. let's have 99 supreme court justices, rather than 9. let's elect all the cabinet positions directly and separately. instead of multi-year terms, let's vote every single year for each representative office, and make election day a mandatory-paid holiday for everyone (to give folks time to research and consider their votes). let's convert many more administrative positions to elected offices. repeal citizen's united, which flooded political campaigns with unlimited amounts of corporate money (giving the wealthy even more disproportionate voice on top of their already disproportionate voice).

it's be messy at times, but we don't get good civics and good governance without the people being given more time and space to think about governance in depth.

[0]: alternatively, we could divide up states into smaller entities, which would be even better for decentralizing power (and limiting corruption), but that's much harder to do.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by jvalencia on Thursday December 16, 2021 @04:04PM (#29583897)
While I rather like this idea, there's something to the fact that we need a check/balance. What you don't want is to have a mob make bad policy, which I think is what would happen in this case.

This is precisely why individual states can stand up to the federal government -- people in California could make policies that devastate Maryland, for example. Not because they want to, but because they lack context --- even reasonable authority.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by clairity on Thursday December 16, 2021 @04:17PM (#29584036)
that scenario is unlikely in the proposed scenario, since the powers of the federal government is limited insofar as targeting like that is expressly prohibited. indirect targeting (crafting the specifics of a bill to exclude all but the target) is more prevalent amongst a smaller number of insiders working in dark corners of legislation. having many more people involved, and a more democratically-involved populace, provides sunshine on dubious shit like that.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by deltarholamda on Thursday December 16, 2021 @02:59PM (#29583105)
Senators used to be representatives of the States, appointed by the States' legislatures. We should return to that.

I'm ambivalent on term limits for House members like Pelosi, though. They are representatives for the people of the States, and as such the people they represent have the right and ability to kick them out, or not. There is also the argument that would you rather have a dog that knows where the bones are buried, or a dog that digs up the whole yard?

That said, members of Congress should have severe restrictions on investing for themselves and their immediate family. They either need to police it themselves, or there needs to be some kind of law that covers it. Not that that is going to happen, as we have the ultimate in foxes guarding the henhouse in our government these days, but it would make for a powerful populist position if anybody had the courage to push it.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @03:04PM (#29583171)
> Senators used to be representatives of the States, appointed by the States' legislatures. We should return to that.

That might be tolerable, right after we reduce the powers of the Senate to those of the British House of Lords, which it's original theory of representation is as outdated and inconsistent with representative democracy as, and transfer it's para-executive functions to the House.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by chaosharmonic on Thursday December 16, 2021 @03:00PM (#29583118)
Tbf it's a tangibly more meaningful problem with people who are actually Senators, aren't up for reelection every 2 years, and are in a chamber that's disproportionately weighted toward backwaters by design (and not just as a function of the redistricting process).

Pelosi is a Representative, so none of those things are true here.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by tacocataco on Thursday December 16, 2021 @05:43PM (#29584994)
How about a electoral system that isn't First Past the Post?

Give the voters the ability to pick more than two options.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by bbulkow on Thursday December 16, 2021 @04:42PM (#29584361)
California state offices have term limits, i voted for them, and they are terrible. No one can make a living as a legislator, so we have beginners and they are getting steam rolled by lobbyists. There is now a revolving path of moving from one office to the next to make a living. It is crazy.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by bumby on Thursday December 16, 2021 @04:57PM (#29584533)
I think many people don’t think “politician” should be a career option.

However, there are some states that don’t pay their legislators at all and that comes with its own problems.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mc32 on Thursday December 16, 2021 @12:39PM (#29581085)
And shameless given her rhetoric around the presidential emoluments clause, which is valid, but then apparently for Congress people this concern is dismissed…
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dariusj18 on Thursday December 16, 2021 @12:42PM (#29581133)
Well, the former is literally in the Constitution and the later is not, so ...
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mikysco on Thursday December 16, 2021 @12:52PM (#29581309)
Yes but the principal is the same, no? Somebody in a position of power who has strong influence over decisions that happen outside the context of the free market economy should be restricted from participating in those investable opportunities.

Nobody is saying what she is doing is explicitly illegal. But it's abundantly unethical and, imo, a clear abuse of power. Her tone deaf response in this story only adds fuel to the controversy.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by mc32 on Thursday December 16, 2021 @01:11PM (#29581579)
Exactly. We have the current example of Senator Wyden who blocked the China Forced Labor bill who received ~$60k in cash from Nike... how is that not quid pro quo?
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by jjeaff on Thursday December 16, 2021 @02:54PM (#29583034)
I think you oversimplify the situation. That's $60k in public campaign donations by executive employees of Nike. Which is based in Oregon, the state that Wyden represents.

Also, $60k isn't that much, considering Wyden usually raises between $4 and $8 million during a reelection year.

My guess is that he would be more swayed by the fact that Nike is one of the largest employers in Oregon.

Like it or hate it, this is the system we have, I don't see any evidence that Wyden is being bought off any more than any other Senator that accepts campaign donations from special interests (which is all of them).

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by titzer on Thursday December 16, 2021 @01:28PM (#29581845)
Foreign leaders staying in the hotel chain of the sitting President is pretty blatant corruption. It was even in "the transcript" if anyone remembers back that far. Pepperidge Farm remembers.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by wk_end on Thursday December 16, 2021 @01:57PM (#29582258)
Who are you arguing with? No one is defending Trump here. Just because Trump was corrupt doesn't mean that it's OK for his opponents - who've explicitly called out his corruption - to be corrupt.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @02:27PM (#29582644)
> Foreign leaders staying in the hotel chain of the sitting President is pretty blatant corruption.

That's about the foreign emoluments clause (which already applies to other public officials including Congress), not the Presidential (domestic) emoluments clause, which is about the President getting money or other material benefit other than those legally due to his office from the federal or state government (which was also an issue with Trump's DC hotel, for many reasons, just not “foreign leaders staying there”.)

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by rhino369 on Thursday December 16, 2021 @01:15PM (#29581632)
And the emoluments clause doesn't say POTUS cannot own interest in foreign companies. That is a creative re-interpretation invented in 2016.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dariusj18 on Saturday December 18, 2021 @01:55PM (#29607356)
I'm not sure I've heard that argued, and would generally agree that a President can own interest in foreign companies. However in an effort to avoid clear conflicts of interest or an actual emolument from occurring, it would be wise of them to divest of them. Otherwise a foreign state can use it against them in some way, either to attempt to extort, or to visibly promote it to create the air of conflict. And then the President would be unable to do anything without the taint.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by ithinkso on Thursday December 16, 2021 @01:05PM (#29581496)
Constitution can be amended but the Congress would have to amend it against their own private interest so of course it will not happen (but should)... the point you're making is moot though
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dariusj18 on Saturday December 18, 2021 @01:47PM (#29607274)
Well the Constitution can be amended without Congress via a Constitutional Convention. My point wasn't moot though, it was a direct response to PC which was asking why someone's rhetoric around a literal clause of the Constitution defining the most powerful role in government. A clause that isn't defined for Representatives, whom are not singular in their power, and collectively are given the power to set their own rules. Not to say that a debate cannot be had, but PC was trying to make it seem that there was hypocrisy afoot.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by throwaway6734 on Thursday December 16, 2021 @12:43PM (#29581148)
The emoluments clause is explicitly defined in the constitution
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by ren_engineer on Thursday December 16, 2021 @01:34PM (#29581927)
Feinstein is worth even more, her husband is a billionaire based off Chinese trade deals. People need to realize politicians on both sides of the aisle sold them out to get rich
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by itsoktocry on Thursday December 16, 2021 @03:34PM (#29583516)
>People need to realize politicians on both sides of the aisle sold them out to get rich

Yes, there are centrist neo-liberals in both parties. They don't want Bernie Sanders types or Donald Trump types to be elected.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by comeonseriously on Thursday December 16, 2021 @01:25PM (#29581780)
> I mean she's worth over $100 million...

I don't get it. Is it just sport at this point?

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by micromacrofoot on Thursday December 16, 2021 @01:57PM (#29582257)
Once you're worth a certain amount the most sensible places to store your money are places that use it to generate more money.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by comeonseriously on Thursday December 16, 2021 @03:16PM (#29583308)
True. But I meant it more in the context of the discussion. Her implication is that she wishes to continue trading stocks instead of parking her money someplace safe while in office. Why? What is the point? Does she not have enough? Is it sport? I'm not saying people should not get wealthy, but she could park it and easily still get $10M a year.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dcposch on Thursday December 16, 2021 @04:29PM (#29584174)
One of the more toxic ideas floating around our culture is this idea of "net worth" as a scoreboard.

This woman is 82 years old and a leader of a nominally left-wing party.

So given the choice between: 1. taking a principled stand against the use of political access for financial gain, and dying in a few years with a NW of $100m 2. defending insider trading, and dying in a few years with a NW for $150m

It's worth asking what cultural programming would make someone even consider #2. It's not the usual reasons people want more money. There is no hedonic utility, no extra financial independence, no added social status that comes with #2.

I have no problem with accumulating wealth as a means to an end. But if you're willing to compromise your legacy to run that score up a little higher, you're an npc & you've lost the plot.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by ModernMech on Thursday December 16, 2021 @11:29AM (#29579996)
It it really shameful though? As you said, it’s not surprising. And it’s not surprising because this kind of thing is so common in positions of power. It’s so common that I have started to admit to myself, after wrestling with the shame, that this is one of the key organizing principles of our society; that the primary purpose of attaining power is to leverage it to benefit yourself personally. If seemingly everyone agrees on this principle, left and right, then where does the shame come in? Why shouldn’t I seek power to enrich myself and my friends? Everyone else is doing it. No one gets punished for doing it. That’s the way we have decided that our society works.

Society is worse off for it, probably, sure. But if our society doesn’t care about our society, why should I? Is that shameful? I used to think so but I’m not really that convinced anymore.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by animal_spirits on Thursday December 16, 2021 @11:41AM (#29580180)
> Why shouldn’t I seek power to enrich myself and my friends?

> Society is worse off for it, probably, sure.

You answered your own question. You are directly and knowingly contributing to the worsening of society and you should feel ashamed for it. If anything you should feel shame for your lack of self awareness here

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by kolbe on Thursday December 16, 2021 @12:07PM (#29580542)
> and you should feel ashamed for it

But why? Telling someone they should be "ashamed of [their] own lack of self-awareness" sounds like you don't know how to answer the question, so you just hurl insults instead.

History has shown over and over and over that relying on people to be benevolent when they have outsized power is foolish. That they almost never have this "shame" you think everyone should have. I find this to be far more foolish: consolidating power into someone's hands with the assumption that they will rely on shame or pride to guide them towards using the power for good. We should all acknowledge humans are tribalist and self-interested, and limit the amount of power they can have to exploit. The way I see it, if you give them the power and they "misuse" it, that's as much your fault as theirs.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by munk-a on Thursday December 16, 2021 @12:14PM (#29580658)
The person this article is about (Nancy Pelosi) is currently speaker of the house - the single most powerful person in the house and the person who, annually, sets rules on house procedure to outline what actions are appropriate and not. She has the power to unilaterally end this practice and chooses not to.

Additionally - we're talking about a pool of 435 people here - not thousands or millions. Individual house reps standing up and personally pledging to trade individual stocks does happen and usually gets accolades in the news. This is a case where the scale is so small that you acting benevolently against society has the power to sway society to act better.

So I think this particular scenario is a lot different than being a good person who properly separates their recycling (if that's a thing where you are) among the millions who can't be assed and a system that has no real expectation that you will.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by kolbe on Thursday December 16, 2021 @12:42PM (#29581124)
Huh. And yet Pelosi chooses to enrich herself instead of benefiting society. Which moral framework does this fit more neatly into?

Maybe what you think of as morality is actually just a set of dictum from powerful people that helps them enrich themselves at the expense of you. There's absolutely no cosmic or objective moral basis for our insider trading laws one way or the other. It just so happens that they conveniently enrich the people who make the laws at the expense of everyone else. Again, what moral framework does this fit into? People acting selfishly, or people acting in the interest of some nebulously defined "society?"

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by animal_spirits on Thursday December 16, 2021 @01:18PM (#29581688)
Power is given by the people. If we can culturally all accept that enriching oneself at the expense of many others is morally wrong then that's the moral framework we should judge by. Life is _not_ a zero sum game, and it doesn't _have_ to be thought of that way. We can choose to try to do good for the most amount of people, instead of allowing the most amount of good to go to the least amount people (least here meaning smallest population, I suppose 1% is another way to read)
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by kolbe on Thursday December 16, 2021 @02:38PM (#29582792)
> Power is given by the people.

Kinda? I know that's the supposed cliche, but it doesn't really ring true. The "people's" will as defined by some collective subset of the population has certainly been a powerful influence at times, but it's far from a concept that is simply "given by the people." I don't think Pol Pot's power was given by the people. Hitler's wasn't. Xi Jinping's isn't.

And even Nancy Pelosi's isn't given in the way you imply. Through a strong network of bribing and brainwashing, our entire political system leaves us with the choice of empowering corrupt militaristic theocrats or a party that mostly uses tax dollars to bribe voters. I think a very good response to this situation is "I don't like what Pelosi is doing, but I would really hate what a republican would do in her place." And that doesn't sounds like people have much power at all.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by animal_spirits on Friday December 17, 2021 @12:41AM (#29588281)
I think we can argue that Hitler's power _was_ indeed given by the people. Hitler tried to overthrow the government in the 20s with a march on Munich [0]. He ultimately failed because he didn't have enough support and was driven out. After this incident he pledged to get into power the legal way, and by that time he _did_ have the support of the people. He appealed to the masses. If people did not support his rise to power and immediate control of the government through the Enabling Act [1] they could have marched on the government themselves to try and overthrow him. Higher ups supported him, and the working class supported him.

[0]. https://en.wikipedia.org/wiki/Beer_Hall_Putsch [1]. https://en.wikipedia.org/wiki/Enabling_Act_of_1933

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by kolbe on Saturday December 18, 2021 @01:36AM (#29602274)
My history is a little outdated and hazy, but my recollection was that the Nazi Party suppressed voting via violence in 1933. By then, it was clear that if people marched on the government, they would be risking their lives. What little consent Hitler did have before then (which was never a majority) was not based on the views that he ultimately carried out. The people never had any say in anything ever again after 1933. I could grant you the notion that the people under free will chose the Nazi Party in a non-majority way for about a year. But after 1933, dissent was a death sentence.

I think it's pretty rough to say Hitler was given power from the people in the sense that Rousseau would use the phrase.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by munk-a on Thursday December 16, 2021 @01:28PM (#29581848)
I think this is a fair argument but one I don't really subscribe to myself. A strong argument in favor of this behavior being morally justified is that Nancy Pelosi is doing it and hasn't been voted out - but I think a strong argument against it is that people are complaining about it vocally. At the end of the day if we allow it to happen it's going to happen and if we disallow it we stop it - whether that allowance or denial aligns with "societal morals" is a pretty murky question with a lot of people having different opinions.

My personal opinion is that this is immoral - and we're having this discussion because someone thought it was so immoral that they were motivated to write an article about how much they dislike it - but people write all sorts of articles so that's not a proof at the end of the day... Really, there are some things we can mostly (not all) agree are immoral like murder and rape - but even that isn't universally held (or agreed on to the same limit) because, well, some people do it. So yes - societal morals are pretty vague to define and I'm sure there are some people that feel fervently that House reps trading individual stocks is highly beneficial to society - but I feel like the majority of folks are on the other side on this one.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by kolbe on Thursday December 16, 2021 @02:54PM (#29583030)
But you're now relying on the notion that a majority of a subset of people's opinions define moral good and bad. This has never really been true, at least in terms of majorities making objectively good decisions (moral ones are a little harder to gauge). The US is filled with examples of where the majority was probably wrong, starting with the original War of Independence.

I don't think you'll find many fully informed people who thinks that house reps trading on insider info is good (myself included), unless they're personally beneficiaries of that system.

But this discussion isn't really about that. The original guy asked "why shouldn't she do this?" She can do it. She benefits from doing it. No one will stop her. Why is it immoral for her to do it? Which is a totally different thing from "the majority of informed people don't want her to do it." To that end, she is behaving exactly as should be expected of her given the amount of power she has.

The only way as far as I know to get people to not make decisions that are bad for the world but good for them is to not let them have the power to make that decision. The US government has become an atrocity of corrupt and consolidated power. That's the problem, IMO. And so long as its leaders can spy freely on Americans, can take 40% of their income, can deny them rights, etc, then this is what happens.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dragonwriter on Thursday December 16, 2021 @01:56PM (#29582251)
> the person who, annually, sets rules on house procedure

Wrong.

The Speaker doesn't set rules on house procedure, the House as a whole does.

> She has the power to unilaterally end this practice and chooses not to.

No, she doesn't. Neither does the House alone, since at the federal level, “lawmakers” includes the Senate.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by throwaway6734 on Thursday December 16, 2021 @12:46PM (#29581195)
>She has the power to unilaterally end this practice and chooses not to.

Would such a restriction be constitutional?

How would it be enforced?

Who would investigate impropriety?

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by munk-a on Thursday December 16, 2021 @01:15PM (#29581642)
1. I believe so as the house has a pretty wide latitude to set procedural and behavioral rules for members - this could run into issues if it forced any house members into legitimate hardship or violated religious freedoms.

2. The House Committee on Ethics[1] can recommend a few remedies including Censure and Expulsion - whether these are actually enacted is decided by a general floor vote by the whole House of Representatives.

3. The same body - the House Committee on Ethics would instigate an investigation into any suspected wrong-doings.

The House essentially has an internal police force - but whatever the Ethics Committee finds is then brought to a general house floor vote to decide on punishment. If the populace suspected the house was acting immorally the remedy is to change the representatives - these investigations are supposed to root out extreme violations of generally agreed norms in the short term, but a sea change requires the election of house members that will advocate for the new norms.

1. https://en.wikipedia.org/wiki/United_States_House_Committee_...

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by ModernMech on Thursday December 16, 2021 @01:41PM (#29582023)
> If the populace suspected the house was acting immorally the remedy is to change the representatives - these investigations are supposed to root out extreme violations of generally agreed norms in the short term, but a sea change requires the election of house members that will advocate for the new norms.

This is my whole point. The Congress knows this is an issue. The House Committee on Ethics knows this is an issue. The people know this is an issue. The members of Congress who have not moved on this issue were just reelected by the people, and have now telegraphed that they will not solve this issue in the future. It will not be solved, yet these representatives will be reelected by the people again and again. The House Committee on Ethics will not investigate. If you engage in this behavior you get richer and nothing bad happens to you. If you don't engage in this behavior, you are leaving money on the table and the only person you hurt is yourself and a nebulous, distributed entity we call "society". Our former President even pardoned a Congressman for the very crime of using his privileged position to facilitate insider trading for his family! The power of the pardon is one of the most solemn expressions of the values a society holds. Taken as a whole, this tells me that actually, American society does not consider this to be a problem. So if shame is an emotion derived from the violation of societal norms, I am only asking why this should be shameful? Insider trading is in accordance with societal norms.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by munk-a on Thursday December 16, 2021 @02:00PM (#29582289)
I wouldn't expect the election to immediately boot all the congressfolk out who engage in this activity - and it is a tacitly accepted activity... greed is (much to the detriment of society) generally considered a virtue in America. However, we have seen several upcoming politicians specifically pledge not to engage in this behavior and get big boosts from their declarations. I think that society is in a place where this behavior is generally considered unacceptable but that it will take a while for that to catch up with congressfolk. I think it is perfectly rational for the behavior to be shamed since, while people aren't overthrowing the government over it - there is a general disapproval of the action.

> If you don't engage in this behavior, you are leaving money on the table and the only person you hurt is yourself and a nebulous, distributed entity we call "society".

I disagree with this statement because I think it is putting too much necessity on maximizing personal gain - there are plenty of reasons not to engage in insider trading and refusing to do so doesn't "hurt" you.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by throw10920 on Thursday December 16, 2021 @01:58PM (#29582267)
> you should feel ashamed for it. If anything you should feel shame

Trying to guilt-trip or shame people on HN for their views is absolutely against the HN guidelines[1] - "Be kind. Don't be snarky. Have curious conversation" "Comments should get more thoughtful and substantive" "When disagreeing, please reply to the argument" and so on.

[1] https://news.ycombinator.com/newsguidelines.html

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by animal_spirits on Thursday December 16, 2021 @03:26PM (#29583418)
I can admit, the initial wording can sound like I am trying to guilt trip. I'll try to be better about that in the future. But to elaborate more I am trying to respond to the question "Is it shameful though?"
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by lgrialn on Thursday December 16, 2021 @02:40PM (#29582810)
You guys are probably aware that what you end up with is a safe space for nazis.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by kbelder on Thursday December 16, 2021 @02:55PM (#29583052)
Like free speech; the extreme are protected by the rules that protect us all. That's a good thing.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by ModernMech on Thursday December 16, 2021 @02:48PM (#29582947)
> You answered your own question. You are directly and knowingly contributing to the worsening of society and you should feel ashamed for it.

That doesn't really answer the question though. If knowingly making society worse were the standard for feeling shame, I think I'd be too depressed and shame-ridden to even get out of bed. I mean, you want to talk about damaging society: every single day I get into my car and burn fossil fuels on my commute to/from work, which is essentially slowly killing the planet. I know it's bad for society, but I do it anyway. Knowingly. On purpose. Can you imagine how psychopathic I am to treat society with such casual disregard?

As another poster put it: "To feel shame is an emotional reaction to violating standards of morality."

What I'm saying is an actor in American society is beholden to the standards of morality as defined by the leaders of its community, voted into office by the people in its community. It's been shown for a while now that this behavior is accepted, expected, and tolerated. It's not only unpunished when caught, but rewarded. This is the standard of morality in my community. If shame is tied to a standard of morality, which is orthogonal as to whether it helps or harms society, then there is no basis for shame for this behavior.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by animal_spirits on Thursday December 16, 2021 @03:53PM (#29583757)
First I wanted to say I'm not trying to guilt trip you or anything, I admit I wrote my response quickly and didn't think it would attract this much attention. So just wanted to let you know I value your views and am not trying to put you down!

> That doesn't really answer the question though. If knowingly making society worse were the standard for feeling shame, I think I'd be too depressed and shame-ridden to even get out of bed. I mean, you want to talk about damaging society: every single day I get into my car and burn fossil fuels on my commute to/from work, which is essentially slowly killing the planet. I know it's bad for society, but I do it anyway. Knowingly. On purpose. Can you imagine how psychopathic I am to treat society with such casual disregard?

I think you bring up a good idea here. I recently came across a lecture by Jaron Lanier that discusses this kind of thinking and how to reason about it.

> I came up with an image to help me think about who the beneficiary is of our activities, whether we're engineers or writers or anything else, and I called this the 'circle of empaty'.... Those who are inside the circle are the beneficiaries of what you do, and anything inside the circle deserves your empathy. Things outside the circle perhaps don't deserve your antagonism but on the other hand they're not the beneficiaries of what you do. So I hope that people believe that all human beings should be inside the circle. That's not always the case; there are racists and homophobes and many other varieties of ideological people who would like to put _some_ human beings outside the circle, but I think decent people can agree that humans belong inside... Typically liberals wish to make the circle larger and conservatives wish to make the circle smaller... If you make the circle too small you become cruel and destructive... and if you make the circle too big so that all living things are inside the circle you can't live because your body kills bacteria all the time, you essentially become incompetent

https://youtu.be/rGqiswuJuQI

I would recommend listening to at least the beginning of the talk where he goes over this idea because I think a similar approach can help with regards to contributing to environmental issues and such. For instance we can reason that it would be actually more harmful to us as a society to morally judge people who drive to the grocery store to buy themselves food so they can eat, because if people don't do that they can surely end up in a situation where they are sick and unhealthy.

On the other hand lets look at the situation we see here and ask: Would it be more harmful for society to continue to allow a small group of people who can effectively change the rules of a society be able to profit financially from these changes? I think again in this case, yes it would be more harmful!

We have to think about how things can get out of hand if we do not have the right checks and balances. Like Jaron mentions in his lecture, conservatism and the shrinking of the circle can go out of control like we saw with Germany after the first World War. We should aim to have _all of society_ within this circle of empathy, and not just _me and my family and friends_. If we can legally disincentivize people in power from shrinking their circle of empathy in these areas I think it is a net benefit for us as a society and sets a foundation for what we should find morally worth our empathy.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by yomly on Thursday December 16, 2021 @12:22PM (#29580792)
>If anything you should feel shame for your lack of self awareness here

This is no place for these kinds of statements. Parent posed a question that can 100% be read charitably. In a system where all incentives promote individualism and self-interest, why should we care about others indeed.

To care about others is socialism. Or collectivism. Identity politics is probably part of the issue here, but I'm more interested in what other smarter people than me have to say, free from being shamed.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by animal_spirits on Thursday December 16, 2021 @01:22PM (#29581745)
The parent asked if it was shameful to think that way and I responded, yes it is. I'm not going around looking to fling insults, I think it is important to take feedback constructively and being honest is important to constructive criticism.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by woodruffw on Thursday December 16, 2021 @12:44PM (#29581155)
Caring about others is normally called "empathy," not socialism.

A trivial example of this would be any example of someone caring about someone else for non-selfish reasons prior to humans inventing socialism. Take your pick.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by kelseyfrog on Thursday December 16, 2021 @12:40PM (#29581100)
To not care about others is psychopathy. They typically don't care what others think save for how it impacts their ability to do what they want and this is generally seen as a social net negative. Systems that incentivize psychopathy deserve to be dismantled.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by hobs on Thursday December 16, 2021 @12:40PM (#29581099)
You chide someone while literally demonstrating sociopathic behavior. I dont think you are in the right.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by pfkurtz on Thursday December 16, 2021 @11:44AM (#29580219)
Yes, making society worse off, knowingly: that means harming others: yes, be ashamed.

If you're no longer convinced of that, it's because you are looking for justifications for defect in the prisoner's dilemma, rather than cooperate.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by the_optimist on Thursday December 16, 2021 @11:45AM (#29580225)
This isn't mere power seeking. This violates the principle of 'equality under the law,' since the law has this specific exclusion. The problem isn't that Pelosi is exploiting the loophole, it's that Pelosi both _controls_ AND exploits the loophole. Royalty isn't exercising 'freedom' when they exploit advantages over the citizenry.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by ModernMech on Thursday December 16, 2021 @12:17PM (#29580716)
They aren’t royalty though. They are elected representatives. If elected representatives behave like royalty and keep getting elected, isn’t that an expression of the preferences of the electorate?
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by throwawayboise on Thursday December 16, 2021 @11:43AM (#29580195)
To feel shame is an emotional reaction to violating standards of morality. If you have no morality, you have no shame.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by ModernMech on Thursday December 16, 2021 @12:23PM (#29580819)
But who set this standard of morality? Society, right? What I’m saying is this shame imposed from society worked before. But as I look around, I don’t see that the prevailing moral standard is that we must all work for the betterment of society. Society doesn’t even feel this is a worthy thing. I don’t agree that there is a moral imperative in American society to work for the betterment of everyone.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by pintxo on Thursday December 16, 2021 @11:43AM (#29580196)
That's head on. People adjust their behaviour to the one they see in their peers, including public figures.

This is quite likely a slow moving change going on unnoticed for decades, until it crosses a threshold were it starts to become quite visible. And possibly a major danger to society as we know it.

The big question is are we before or after the threshold, and can we reverse the process anyway?

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by carapace on Thursday December 16, 2021 @01:39PM (#29582008)
What you're saying is part of a long and broad conversation. Read Machiavelli.

> The general theme of "The Prince" is of accepting that the aims of princes – such as glory and survival – can justify the use of immoral means to achieve those ends.

https://en.wikipedia.org/wiki/The_Prince

Most people think Machiavelli was a jerk.

- - - -

Really the question to ask yourself isn't "Why shouldn’t I seek power to enrich myself and my friends?", the question is "What is the best method to achieve happiness for myself and my friends?"

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by echelon on Thursday December 16, 2021 @11:44AM (#29580212)
You've summarized a human pattern that I sort of intuitively guessed at, but didn't really synthesize and integrate.

All power seems to behave like this. Republicans, Democrats, Communists, corporate titans, office politickers.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by k12sosse on Thursday December 16, 2021 @12:20PM (#29580768)
Ask not what your country can do for you, ask how you can get just enough power to amass and horde wealth while masquerading it on behalf of the benefit of your countryfolk.

I am not American but I do live in a country that has a government. It's curious to see stories of people going from <citizen grunt> to <elected official> and then using their power and insight for personal gain, while never capitalizing on opportunity to force the changes that were campaigned on, when presented with unique chances to force the issue to be resolved.

There's such a focus on "getting it right, the first time" instead of "anything will be better than nothing, and we can re-iterate on this in the future".

An issue with government is much like the issues you face at work every day; too much focus on introducing "new", and seemingly never enough time to evaluate and improve "existing".

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by NoGravitas on Thursday December 16, 2021 @12:15PM (#29580670)
It would be shameful if anyone felt shame anymore. We do live in a post-shame society.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by brnaftr183 on Thursday December 16, 2021 @12:28PM (#29580897)
Well, you're right.

See, we more or less structured the US on the Hobbesian state of nature, wherein we're all supposed to be greedy, self-centered, and violent. This was rife with induction and failed to account for a litany of examples that simply weren't present. It's old hat that never got scraped off, but now it's baked into literally everything we do.

But because the fundament of our system is developed on that conception of humanity, it contributes to the conditioning of the people laboring under it. My favorite thought experiment: My ex used to accuse me of cheating, I'd have to explain myself, she'd go through my phone, we'd argue; at that point, being punished for the crime, I had may as well cheat to reap the benefits of my just desserts. The Hobbesian affair is a slight alteration in the logical apparatus there - you're not being greedy so you won't be rewarded.

I'll credit the system this: I suspect a more "social" (via Rousseau) view would have immense difficulty in defense against the Hobbesian man. We're by nature, and the dint of our calling as humans (cooperative apes) intrinsically trusting. Granted, there are some conditionals, and some conditioning that as we grow wise, a skepticism emerges. To me that says a system that doesn't employ the Hobbesian mode, is highly susceptible to it. If your institutions are, historically, pristine in execution for a long period the social expectation would eventually gravitate to certainty. When some bad actor is seated, a little sophistry could go a long way in creating a system of exploitation. Something like that...

Most people, I think, and this is borne out by my own experience - just want left alone to their lives. The chains aren't uncomfortable until you find their limits, and as long as you don't reach that you're hardly aware of them after spending a life captive in their grasp. This coupled with intrinsic trust, and the world's inundations, add liberally debt and the construction of the social standard of "good" and "success" and you've managed to culminate a great ethical slavery.

Ultimately though, whether we're fighting fire with fire, the fact remains that we're pressing people to do exactly as you did. Offering a free ascension on a staircase made of the backs of mankind, blaming those who fail to acede to it on a moral basis, and complaining about the living who one tromps upon.

As to organizing, that's a joke. We've really not trialed any other approach at scale sans Marxism, itself a joke. And collectivization of small elements hardly marks a real difference when it's plainly easy to exploit.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by dgfitz on Thursday December 16, 2021 @12:43PM (#29581141)
> Most people, I think, and this is borne out by my own experience - just want left alone to their lives.

I really found your entire comment very insightful. To the above quote, most people do want to be left alone, the rest want to tell those people what to do.

Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by frazbin on Thursday December 16, 2021 @12:54PM (#29581326)
you've spent too much time in the 18th century and have fallen into the trap of making vast hand-wavy claims about humanity without a shred of evidence. Stop it.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by squidproquo on Thursday December 16, 2021 @11:52AM (#29580329)
You will probably score very high on this test: https://www.psychopathtest.com/
Re:Pelosi defends stock trading by lawmakers. ‘We are a free... by renewiltord on Thursday December 16, 2021 @12:13PM (#29580642)
This is the sort of comment that’s suited to a different forum. HN users will react in an emotional manner so the detail of your comment will not receive attention. You might as well have said “I think I should exploit people” because the responses will treat it that way.

Just a heads up.