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What we currently have is a pyramid scheme: massive transfers from the young to the old, with collapsing fertility, meaning the state's obligations (pensions et
by MrBuddyCasino 2y ago
What we currently have is a pyramid scheme: massive transfers from the young to the old, with collapsing fertility, meaning the state's obligations (pensions etc) will inevitably lead to default. If birthrates don't recover, most 1rd world states are bankrupt in a few decades, perhaps sooner.
The way this would not be a pyramid scheme is if it succeeds in halting fertility collapse. If.
- techpineapple 2y agoDon't we currently have a Ponzi Scheme? A Ponzi Scheme is when the people who get in earlier make all the profits, but there's no benefit to recruitment. In the proposed example, you would make more money by "recruiting" people (birthing) into your pyramid. https://constantinecannon.com/practice/whistleblower/whistleblower-types/financial-investment-fraud/ponzi-schemes/#:~:text=The%20essential%20difference%20between%20the,more%20people%20into%20the%20scam. https://constantinecannon.com/practice/whistleblower/whistle...
- MrBuddyCasino 2y agoPerhaps! Tbh both terms don't seem quite correct.