Michael Lewis & "Flash Boys" - U.S. stock market was never a level playing field (neither was capitalism)

Are we supposed to be horrified by what Michael Lewis says about how high-frequency traders have an unfair advantage in the U.S. stock market?  That assumes any of us had been naive enough to assume purchasing equities was transacted on a level playing field. Of course, we weren't.

So, Lewis' new book "Flash Boys" probably will accomplish little to make U.S. capitalism more equitable. What it will do is enhance the Lewis brand as the supposed whistleblower on the flaws in how the American finance game is played.  That game probably is less corrupt that the games in many other nations.  Unfair advantages just have to be factored into making a buck on planet earth.

Here is Bloomberg's coverage of Lewis promoting his book.