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In capitalism, a scam is when investors lose money because you broke a law. Which law is being broken here?
by immibis 2y ago
In capitalism, a scam is when investors lose money because you broke a law. Which law is being broken here?
- grues-dinner 2y agoNo, that's fraud. A scam can be legal. Timeshares, "Winter Wonderlands", many extended warranties, planned obsolescence, weaselly technically-correct advertising (overpromising to investors is sort of this) pretty much everything hidden in ToC screeds, some MLM schemes, basically all cryptocurrency (and a lot of normal finance to be fair), etc etc. Many graduate into criminality, but it's not required.
- immibis 2y agoOh, well the whole economic system is a scam then, so as long as you're stuck inside a scam system, you succeed in the system by scamming.