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This is a brilliant video regarding high frequency trading

60 Minutes, reporting on things that have been known since the 1970s.

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Promoting this video and sending it back into the queue for one more try; last queued Monday, March 31st, 2014 7:44am PDT - promote requested by kulpims.

the tax code, the medical insurance industry, all of it is so mired in complexity for this same purpose

"I'm shocked, shocked to find that gambling is going on in here."

Wow! You knew about high speed fiber optic trading in the 70's? Can I borrow your time machine?

I'm guessing he was referring more to the manipulation of the markets in general for some to make a killing. Not so much this type of manipulation.

Since the tax code is unnecessary, it is also, by extension, unnecessarily complex.

Here's some easy math.

A great deal of money is involved + The rules are made in, by, or for Americans = The game is rigged so only the wealthiest truly prosper

Doesn't matter whether it's bidding for government contracts, stock market, banks, big manufacturers, or even retail. Does anyone think the US government spends 75 billion a year on the NSA, CIA etc. just to keep people safe? No. They found a way to siphon a great deal of that money off to private industries. Most of that money goes to absolutely useless projects that will never have any impact on the safety of Americans or their allies.

Now that the rules restricting donations to politicians have been thrown away you can all expect things to get a lot worse.