What are some scams that are yet to go bust?

The fact that security by user/group ID with a default of accessing almost everything still is the norm baffles me.

The US dollar backed by nothing still keeps going, thanks to Petrodollar Recycling. On top of this is the 0% effective interest rate for the Banking class, with no effective reserve requirements, and socialized risk.

The Bitcoin boom fascinates me.

The Stock Market, that most famous graph of rich people's feelings, has been overrun with front-running profiteers, yet pretends to be trustworthy.

How the working class haven't strung up the rich yet escapes me.

Civilization takes a huge amount of labor to keep going, yet we have yahoos cheering on the end of it all because G*d will sort it all out, and they'll be in Heaven... yeah, right.

This morning on the newspaper there was the story of a local artist who has auctioned his latest artwork for the equivalent of $30K. The great work of art is a magnificent invisible statue. Not a word in the article about how strange a transaction where a signed piece of paper representing nothing tangible is sold for a relevant amount of money. Perfectly normal.

Invisible artwork, I don't get it. As I can't understand NFTs in general. Scam? I don't know. Money laundering? Yes.

Large institutional asset managers like Invesco. All they do is sell underperforming investments on nearly every metric and charge a pretty penny for the “privilege”.

https://en.wikipedia.org/wiki/Multi-level_marketing schemes

I would say Tesla's "FSD". For years they have promised it and cashed in the money, making it even non-transferable. FSD is still years away from working.

In the 1600s there was the Dutch Tulip bubble. At its height, tulips sold for the equivalent of a mansion.

Take that in for a moment and think about the prices of things like NFTs today.

Social securityis a pretty well known ponzi scheme.

Commercial real estate rents are a bubble waiting to pop.

I'll get downvoted for this: Religion and Capitalism.

Religion is the ultimate vaporware. Nothing there but air and community.

Capitalism is 100% dependent upon an unfair exchange: unless there is an unfair exchange generating profit, no capitalist will accept such a deal. Capitalism relies 100% on individuals in no position to refuse the offer, because Capitalism creates and relies on a population of people unable to refuse such offers.

YC companies and startups

Nfts