Consider the plight of a policy-maker who changes their stance on some issue. They may have changed their mind in light of new information, or evolved their position as a result of deeper reflection, personal experience, or maturation. Opponents will accuse them of "waffling" or "flip-flopping", indicating a lack of reliability or principles (if not straight-up bribery). Elected officials are responsible for expressing the will of the people they represent, so if they're elected largely by proponents of issue X, it is arguably a betrayal of sorts for them to be as dynamic as private citizens.
This is tangential to the original topic of insider trading, where the corruption is structural / systemic -- akin to how "conflict of interest" objectively describes a scenario, not an individual's behavior.
The demonization of "flip-flopping" is so stupid. Bro, I want my politicians to change their minds when new facts arise or when public sentiment changes. The last thing we need is more dogmatic my-way-or-the-highway politicians that refuse to change their minds about anything.
Reminds me of Stephen Colbert's roast of George W. Bush at the 2006 White House Correspondents' Dinner:
> The greatest thing about this man is he's steady. You know where he stands. He believes the same thing Wednesday that he believed on Monday, no matter what happened Tuesday. Events can change; this man's beliefs never will.
1) People don't really vote based on logic and sound reasoning. They vote based on what sounds right to them. If they're unhappy with something, they vote for somebody who also claims to be unhappy about it, regardless if he has any actual solutions.
2) Even for the minority who wants to vote based on sound principles, it's very hard to push information back to them. If the politician changes his mind, he has to explain it to his voters. Are there really platforms which allow in-depth conversations in political debates?
Every university classroom has a whiteboard and a projector. Because you need to draw graphs, diagrams, etc. You need to explain the general structure and then focus on the details without losing track of the whole.
Is there a single country where politicians use either when talking to each other or voters?
While I agree with you, I find it hard to argue against the view that politicians are elected for the views they held during their campaign. They may change their mind after being elected, but their constituents that voted for them will not all change their mind simultaneously. To the ones that don't change their mind, it does appear to be a betrayal of their principles. A rational politician would not want to gain that kind of reputation out of pure self-interest.
I would be much more inclined to continue voting for a politician who could explain their policy position as it changes in an open and sensible way. Politicians putting on a speech that sounds truthful and honest and like a discussion is happening between adults is so rare - it seems that very few people want that. I do though.
This is tangential to the original topic of insider trading, where the corruption is structural / systemic -- akin to how "conflict of interest" objectively describes a scenario, not an individual's behavior.