I really don't care if know-nothings are making less money because other know-nothings are using faster computers to make more.
The market works when the participants stop being followers and hangers-on. If you think a stock is worth a certain price, but when the stock is sold below that price and sell when the stock is above that price. Everything else is gambling or skimming.
It is ILLEGAL to place and pull market orders without the intent to execute. HFT does this for a good 30-70% of any given total days activities.