[Sephiroth]

Originally Posted by jfman

Quite a simplistic view of a Pozni scheme. While money flows upwards often at collapse there are multiple winners of varying scale at the top, not just a single person or entity, with far more losers at the bottom.

I’d say that encapsulates uncontrolled and unregulated capitalism pretty well.

I accept your elaboration of the Ponzi scheme after I tried to keep things simple.

But the bit I've highlighted is where you've gone off into an unjustified generalisation. A gross overstatement created to suit your cynical view.