This week, we're joined by Robert FitzPatrick, founder of Pyramid Scheme Alert, and co-author of False Profits: Seeking Financial and Spiritual Deliverance in Multi-Level Marketing and Pyramid Schemes. He'll discuss the promises and pitfalls of schemes, and how to tell legitimate direct selling from multi-level marketing scams. And on the podcast, we'll speak to Paul Piff, researcher at the Institute of Personality and Social Research at the University of California, Berkeley, about his research on the relationship between social class and unethical behavior.
We record live with Robert FitzPatrick on Sunday, April 22 at 6 pm MT. The podcast will be available to download at 9 pm MT on Friday, April 27.
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It always struck me that our whole economy is a bit like a pyramid scheme - all based on continuous growth. There must be another model to work in declining populations, but I don't think anyone has worked it out yet.
A circle, obviously. A pyramid works only if it is really a straight line that goes on forever, but it will usually self destruct because the basis for its exchange is always limited. (I.e., in truth, property prices can not sustain constant outrageous growth so an economy based on that crashes. Same with gold prices, etc.) But a circle could work ... think of it more as a snake that eats its own tail.