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Both point 2 and 3 are false. You have examples for both in the current US affairs. Please elaborate if you know something that the rest of us doesn't.
Holy crap your effing president is running pump and dump schemes and a lot of politicians made wins on stocks that they Coincidentally sold or bought with the right timing.
Do I need to explain that?
That is blatant misuse of power and conflict of interest.
That's corruption, and it's totally something else, but nevertheless there might be others who had no idea, but had the stock at the right moment, and sold as it was high. So, even in cases where the powerful play, the small ones, if lucky, could massively win.
On the other hand, you had the worlds wealthiest man, being second hand to the most powerful man on the planet, and he lost billions. So... I wouldn't call those that much significant. I bet there are tons of smaller examples where CEO's manipulate the stock of their own company that fly under the radar. But overall, in general, especially if you invest into ETFs (groups of stocks) you will barely notice anything and life goes on as usual. And the usual is 6-8% win per year on average.
That's fine, let's just disagree.
My point besides the corruption would be a massively rigged system. Yes, you can have wins. But that does not make it better or even - and that was the point before - people who don't use it incapable to do so.
They might also want to stay clear from it, wisely.
Could be, but in the end, no risk no reward. People who do risk, are the ones who get rewarded.