Illegitimate operators include those treading the thin line between legally permissible and ethically inadmissible. They are full of pretensions to the point of becoming impostors. Their impact is to slow down the economic process through disinformation and the resulting misallocation of resources. They are the sand in the wheels of the economic machine. These are people too hesitant, or phobic to commit themselves to the assumption of any kind of risk.
Risk is the coal in the various locomotives of the economy, whether local, national, or global.
Risk is being assumed, traded, diversified out of, avoided, insured against. To be a market participant one must assume risk, it in an inseparable part of economic activity. Without it the wheels of commerce and finance, investments and technological innovation will immediately grind to a halt. But many operators are so risk averse that, in effect, they increase the inefficiency of the market in order to avoid it. They act as though they are resolute, risk assuming operators.