This isn't even just a question of individual responsibility. Yes, suckers will get fleeced and we will have to cope with that as a society. Yes, we should mini

This isn't even just a question of individual responsibility. Yes, suckers will get fleeced and we will have to cope with that as a society. Yes, we should minimize that harm to the extent possible. However, there is a much broader systemic risk involved. In 1997, Albania was transitioning from a communist state to a market economy. This created a power vacuum and a distrust in the institutions of government and finance. This allowed MLMs/pyramid schemes to blink into existence and multiply out of all proportion. At its peak, almost half of the entire GDP of Albania was locked up in them. "When the schemes collapsed, there was uncontained rioting, the government fell, and the country descended into anarchy and a near civil war in which some 2,000 people were killed." [1] This isn't all fun and games and innocent gambling. This is a cancerous symptom of the failing of the state. [1] https://www.imf.org/external/pubs/ft/fandd/2000/03/jarvis.htm https://www.imf.org/external/pubs/ft/fandd/2000/03/jarvis.ht...