Legitimate or illegitimate
A good jockey is a celebrity in our society. In Japan we have $B!H(BThe Emperor$B!G(Bs
Trophy Race$B!I(B. In Europe and US, there are famous horse races where high
society people show themselves with nice dresses and hats. The horse races
are the gambling events supported by the common people.$B!!(BMany of them end
up in family disasters.
In Japan we have an old expression, $B!H(Bthe sun shall not tolerate you.$B!I(B It means; your doings are so immoral and asocial that you may not walk under the bright sunny day. Today, these words, immoral and asocial, seem not to exist anymore.
The moral/ethical codes change with time. They are not absolute and untouchable.
The obvious example is the doing between man and woman. Once upon a time,
the journalists weren$B!G(Bt respected as legitimate members of our society,
regarded as ruffians. Today, the journalists behave as leaders of our society.
But, the contents of weekly journals and TV unveil themselves. The consumer
financing companies are nothing but loan sharks. Today, they are officially,
openly, legitimate and important members of our leading mega banks. At
the stock market, the stock prices go up and down after the principle of
speculation, the gamblers$B!G(B sense, not at all according to the rational
sense of investment. There is no difference between the stock market and
the futures market. We know the futures markets are the gamble saloons.
The stock dealers were not legitimate for very long.
The capital liquidity is important. Our capital shall be effectively utilized. But we have no reason to let our money in the hands of the gamblers.
The currency is the medium for exchanging goods. The exchange rate should
be as steady as possible. The value of the currencies shall not be the
objects of the speculations.