Thursday, 30 July 2009

This global criminogenic phenomenon is Financial Holocaust

History proves that there are always some people who need to believe in the self-gratifying myth that 'a miraculous method for mutiplying money exists.' Sadly, this impossibility is to economics what perpetual motion is to physics.
The 'Multilevel Marketing Business Opportunity' lie ('Total Financial Freedom in 2-5 years by Exactly Duplicating a Proven Plan of consumption and recruitment') was originally tailored to fit the spirit of 1950s America. However, since the early 1970s, it has gradually spread all over the globe like a cancer. The majority of 'MLM' participants give up almost immediately without complaint after wasting a small amount of time and money to be replaced by a further intake of temporary hopefuls. However, a significant minority (usually with access to independent funds) will persist (sometimes for many years) in recklessly dissipating all their mental, physical and financial resources to the benefit hitherto unknown individuals whom they continue to trust and follow no matter what suffering this entails. It is now very difficult to evaluate the number of individuals who have fallen deeply for the 'MLM Business Opportunity' lie, or the total amount of money that has been illegally taken.
In the past, I have been chided for describing this largely-unchallenged, global criminogenic phenomenon as a financial holocaust. Unfortunately, this is a fair and accurate use of the English language. Therefore, I make no apologies.
David Brear

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