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It's a continuum: Ponzi -> Illegal MLM -> Legal MLM -> For-Profit Corporation. In Ponzis and Illegal MLMs, there's either no product or a sham product to disgu
by panarky 9y ago
It's a continuum: Ponzi -> Illegal MLM -> Legal MLM -> For-Profit Corporation.
In Ponzis and Illegal MLMs, there's either no product or a sham product to disguise money from new recruits paying off the lineage.
Legal MLMs are legal because there's a more legitimate product that accounts for a larger share of revenue.
But even for-profit corporations that need to grow to survive share some features with the illegal variety, it's just that the real value of their products is a larger portion of their total revenue.