"I have a very reasonable coworker that I hold in very high regard. She's been nagging me for months about joining [an MLM scheme]. "It was endorsed by [Pompous Reality Television Star]!" "If people weren't stupid, they'd save money doing this AND have a passive income stream!" "I've always wanted to own my own business, and now I'm going to be rich."
She knows me and my general cynicism regarding MLM, but she's willing to put our friendship on the line. I log into this thing, and I hear the same polished stuff I've heard about timeshare presentations, vitamin marketing, etc. I have flashbacks to Amway. I smell a rat. I hear shills in the audience.
I find lots of poorly written criticism for and against, but no real analysis. Lots of anecdotes hinting around [MLM scheme] (sort of like having a friend snap your picture as you walk by a celebrity or politician), but no authoritative analysis.
Do you have any thoughts? Am I missing something? Could I actually be too stupid to understand this? My brother didn't talk to me for two years when I told him he was involved in a MLM scam. He eventually saw the light. Could my respectable, practical, analytical, engineer-friend just have a case of the vapors?"
And yes, people with college degrees and even advanced degrees fall for this - which goes to show that a college degree is pretty worthless, if the accompanying wisdom doesn't come with it. If you doubt this, go to an "OWS" protest sometime. All those folks have college degrees, but are as dumb as toast.