I recently read an article about Bill Ackman's accusations toward Herbalife. Ackman claimed that Herbalife was a pyramid scheme, while Herbalife replied that it used "multilevel marketing" strategies. After a personal experience with the company itself, I can understand Ackman's claim. It certainly seems to act like a pyramid scheme, with an added ridiculous up-charge on it's products whose equivalents could be found in other stores at a much lower cost.
I personally find stories like this upsetting. It's ridiculous that people try to get away with things like this, and end up taking advantage of good people in the process. The only real money to be made in companies like this are in the top positions, which screws everyone else at the bottom over. The people at the top become yet another addition to the 1%, and refuse to share the wealth with the other people in their company who may be struggling in economic times such as these.
It frustrates me that so many people depend on people like these to facilitate the trickle-down policy of wealth distribution, as well as facilitate the investments needed to increase the rate of expansion in the economy. It's been proven that strategies such as this don't work because people get greedy! The people that act like misers with their money are the reason that such social services are in place, and why the government needs to keep spending.
Anyway, enough about my opinions. What do you think? (If you want to read the article click here)
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