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The Sad Case of Humans Not Learning The Lessons of History
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By Geoff Ficke
For the past several years I have been amazed at the continual bombardment of radio, television and print advertisements offering people the supposed opportunity to work, profit, succeed and be independent with little pain or effort required. Every night there are numerous 30 minute long form infomercials touting real estate, multi-level marketing, foreclosure, stock trading schemes, warehouse purchasing, and more, all aimed at inducing the viewer to take part, make an investment, buy a course and sit back as success falls into their laps. I wish that it could be so!
Obviously these shameless pitches are working. Commercial time and print advertising are very expensive, even at 3:00 in the morning on the Home and Garden Channel. Gullible people have always found the con irresistible, and con artists are only too happy to grease the inevitable human hope that riches can be easily attained.
The Italian immigrant Charles Ponzi created the scam for which his name is so nefariously linked: the Ponzi Scheme. Mr. Ponzi was not the first, just the first to be caught and publicized, as a seller of goods he did not own. The first purchasers of these products seem to realize an excellent return on their investment. The Ponzists
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