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Ep 008 - Collapse of Albanian Pyramid Schemes
Manage episode 344086835 series 3265550
Shelby Reidle द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Shelby Reidle या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
Welcome back to Warming Up to the Cold War! This episode is all about the pyramid schemes that took over Albania in the mid-1990s and whose collapse resulted in anarchy throughout the nation. While pyramid schemes became a trend across the post-Communist bloc, they were able to reach full saturation in Albania due to the lack of trust in the federal government and the branding of the schemes as the new form of entrepreneurship. My good friend Sarah Turek of The Bad Idea Corner is back to help me discuss the distinctions between multi-level marketing companies, pyramid schemes, and Ponzi schemes as well as the huge impact the collapse had on Albanian citizens.
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