Ponzi schemes, especially the insurance companies. They really are a Ponzi scheme.
Think about it, they promise you things asking for money, then when you need their services they decide where you go, how much they will pay (leaving the rest for you to pay as a deductible), then they turn around and increase your costs for their services, that they fight tooth and nail not to pay anything.
I argue insurance in and of itself is no ponzi scheme. Working together is the basis of all civilisation. Trying to make a business out of a social service however … that’s rife for abuse, yes.
https://en.m.wikipedia.org/wiki/FlowTex
For Germany, though it was big but not “too long”
Capitalism, religion, monarchy, and religion.
calling capitalism a scam is moot, the other viable alternative, socialism is even worse.
also, no country on planet earth is pure-capitalism, not even in US. Northern European countries have proven that market economy with the right taxation policies can effectively distribute income. I wished more wokeist knew about this or at least bothered to do a bit of research.
You’re mixing socialism and communism. Going from here, you see more than two options what make it a non-binary issue.
Communism itself has multiple variations. What we saw until today with fever exceptions wasn’t communism either. It was dictatorship using communism. At the beginning, they may believe in the ideology but once in power, they took another path.
I live in Norway. The system is fucked. The economy is full of monopolies and the solution is always to subsidise things that become unaffordable instead of putting a price cap on them. Private companies are allowed to charge whatever they want because they know that the government has their back.
The issue here is the lack of regulation. Regulations work. What doesn’t work and is a scam is “the free market will autoregulate”.
You forget neoliberalism.
Neoliberalism!
The second is financialization.
Both are huge scams still running.
Ever since the 90’s, almost every protest or riot that has been on TV in the past few decades has been based on circumstances everyone has been misled or lied to about. I say this generally, I’m not speaking about any specific ideology or any particular group. All the protests follow the same pattern of epiphany, yet they keep happening.
The ones that took place during covid scammed us all because covid required those in charge to say “don’t worry, us being out in the open didn’t cause the virus to spread, we took precautions”. Today, covid commercials will say those same groups that those protests were made for were disproportionately affected by covid as if it’s because of human right, and nobody is connecting it to the fact the protests happened during a time when every restaurant had plexiglass barriers. Again, not speaking for any group in particular, this was a fault for the Canadian truckers, BLM, those Trump-voting Libertarians, etc.
What about protests against climate change, human rights, just to name a few. I disagree.
