The Spectator

Feedback | 19 July 2003

Readers respond to articles recently published in <i>The Spectator</i>

issue 19 July 2003

Comment on Girls just want to have funds by Rachel Royce (12/07/2003)

Rachel Royce gives women a bad name when she accuses men of greed yet expects a return of between 200% and 800% on her “investment”. Simple logic will tell her that it is not men, but elementary maths that make a pyramid scheme unsustainable. A seasoning of gender, class and libertarian polemic should not be allowed to disguise the spuriousness of her argument. Hearts and their ilk are called “gifting” schemes, not “investment” schemes for a reason: money only flows up the pyramid, not down. That is why the unfortunates at the bottom will ask for their money “back” in vain; they have merely “gifted” it to their recruiters and the only way they can get a payout is by putting their hands in the next suckers’ pockets. Rachel may not have lost out, but someone will, not through risk, but through inevitability.

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