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> they would do something like shut down Amway While I agree that Amway and other pyramid schemes (including most crypto) should be shut down, it's not because
by notacoward 4y ago
> they would do something like shut down Amway
While I agree that Amway and other pyramid schemes (including most crypto) should be shut down, it's not because they're anti-competitive. They're fraudulent, which is arguably worse but certainly different.
- sharemywin 4y agoIt's not really fraudulent. Most of the companies com plans are right there. I don's see it as any more fraudulent then tech companies offering products for free or significantly discounted using investor cash to buy massive market share then once they have a monopoly jacking up prices or loading up search results with ads to the point you need to scroll down to even see search results. Imagine if when google was first released it was nothing but ads and/or websites with more ads from its ad network
- themagician 4y agoIt is fraudulent. Fraud, racketeering, price-fixing, false income claims and operation as an illegal pyramid scheme. Sued many times in many countries. Banned from the UK and most of the EU. Several founders were indicted in Canada on criminal charges. But somehow it's just not enough for the FTC to really do anything other than settle and let them continue operate.
- sharemywin 4y agolike lotteries and gambling.