Another Drop in the Bucket

     Navinder Sarao may have jeopardized billions of dollars in market value and the precious time of thousands of investigators and big time companies, but what is most shocking is how one man singlehandedly wrought so much damage to the lives of not only the latter employees, but also for thousands of company investors around the world. Now, no one has the drive or sanity to invest in any companies over the internet in the future. Oftentimes, new emerging companies rely solely on investors and not their own fortunes to keep their businesses afloat. Therefore, I'd say that the "Flash Crash" was perfectly named.

     Since 2009, Sarao had been effecting the American economic system stealing an estimated 40 million dollars in profits through buying and trading stocks worth billions. In one instance recorded by NBC News, Sarao supposedly caused the Dow Jones company to drop 1,000 points in less than a second. Fortunately, "The drop erased hundreds of billions in market value before the Dow inexplicably recovered minutes later", according to USA Today. Saying that there are some flaws in the online stock trading arena would be a dangerous understatement.

     On April 22, Sarao was finally arrested in his low/mid class U.K. neighborhood, however, he did not consent to extradition to America. And I believe, at least for the sake of those affected, that unless he receives some harsh punishment and a no-bail jail option inside of the directly affected country, no security will ever truly be felt by the "shell-shocked" investors. In addition, according to Albert Moeler, it's not that we need a stronger, better-enforced online trade market per se, it's that we need proper justice for the eaters of the forbidden fruit. He states, "It’s the Christian worldview that affirms that it’s morality that makes economics possible – it’s not the other way around." And to place the balance of morality back into place, we must not allow wrongdoing to escape and continue poisoning the system (a.k.a. the Holocaust syndrome). Right now, we need the essence of trust to remain unaltered by Sarao's selfish antics. 

     As a side note, perhaps what Sarao ought to be doing is provide counseling services to the online stock trading authorities by explaining possible scenarios on how people like him may cheat the system, so security and maintenance might improve and prevent a future scandal. Yes I definitely feel sorry for the Flash Crash victims, but Sarao's issue, when taken to the moral level of the heart, is really nothing more than another drop in the bucket- one out of many problems of the world. There's no use complaining, only improving.