Posted by gnabgib 3 hours ago
And that's not even considering perfectly legal "scams" like shitcoin pumps and politicians awarding shady contracts to buisness people who donated to them without a technical bribe happening. I would love to know how much of the actual economy is above-board business and how much isn't, but the older I get the larger the "isn't" seems to grow. Is the scam-economy 1% of all real financial transations? 5%? 10%? 20%? I'm honestly not sure.
Selling people mountains of cheap garbage that will break almost immediately is not much different than theft to me. But it's a scam that benefits enough other people like the shipping industry than nobody will rock the boat.
The economy in general is trending more into figuring out how to siphon wealth from people without money into the pockets of people who already have everything. Poor people are actually pretty profitable because they have little choice in spending.
Most people are fully aware of it, hence why cheap 1 euro shops (nowadays a bit more than that however) are so prevalent across the globe, or buying counterfeit goods at street bazaars.
Most will rather buy something five times, than one good enough that will last.
There are levels to the game everywhere. One example that I can think of is on the timeshare stuff in Mexico where they exploit retired older people into buying fake ownership of something and end up instead just owning a huge debt.
It’s like the world has entered an era of abundance where the game is no longer about value but rather perception of value and ways to pressure your psychological makings.
If we wanted better quality stuff and weren't willing to buy cheap crap they would stop selling it or they'd go out of business.
These businesses haven't shifted from selling high quality products to junk quietly and without lowering prices. We all know the quality, how is that a scam?
What about selling cheap junk while claiming it is a high-quality long lasting premium product?
while it may be legal, and may be hard to outlaw, it is still a scam
Amazon, for sure, is well aware of bogus product reviews, and does nothing to fix them. The most galling: hundreds of reviews for products not related to the item.
It's okay to have cheap junk, but not okay to fraudulently pretend it's high quality.
Which is probably a direct result of things like consumer reports going down the gutter.
With the massive expansion of information available today, reputation should be utterly paramount to sort out the chaff and somehow it’s instead become entirely meaningless
It's also going to be about as easy to hold a data-centre in Nigeria responsible for scams running on their hardware as it is to prosecute a crooked call-centre in Mumbai today. AI-supercharged MLM's are going to be harder to block too. A call-centre can be blocked by telecoms (even if most don't currently bother). A MLM exploiting multiple forms of social media, websites, and networking apps on top of phones?
We need to start pressuring our governments to devote more resources to police anti-fraud units. We can't rely on journalists do this job.
From what I have heard & read, the obviousness is either intentional or unintentionally helpful, because it filters out people who would eventually figure out the scam (and would take up the scammers' efforts in the meantime). That said, more complicated frauds like what you're describing will likely proliferate.
Illegal drugs are absolutely a single digit percentage of the economy.
This is only the start, though, because growing even faster are obviously criminal exploitations. Flat out forgeries dominated the Amazon marketplace due to Amazon's binning practices. This ruined the margins and destroyed the reputations of every quality vendor. They have reversed this course, but too late, the quality vendors mostly went under or were bought up by scammers to ride their reputations, and we are left with marketplaces full of fly-by nights. Every major retailer dropped their quality to zero to keep up.
And last, we get to do the brazen criminality, pig fattening scams, tech support scams, identity theft, criminal gangs raiding supermarkets en-mass, and all manner of wire fraud. These are growing even faster, as an aging population has provided ample prey for these sorts of scams. They are generally headquartered overseas and effectively immune from prosecution.
It is not all Doom. These are problems that have been dealt with before. There is an idiom that has softened with use, "wild west", that accurately describes this. The solution, historically, was the posse system, state authorized activity that otherwise looked an awful lot like vigilante justice. We haven't demanded that yet, but we will soon.
I show up at a building 2 blocks from school, a random tenant tells me to form a line by the door that was locked. I was confused because I was the only one there. A second person came in, joined the line. Then a third, fourth, fifth. We were a crowd, standing in front of a door, where I thought I'd interview for a entry level job in tech.
When the door opened and the person on the other side greeted us and a good number of people immediately left. More luck for me to get this job. But turns out, it was going to be a group interview. In fact, not exactly an interview. It was a pitch. And a few lucky ones would have the privilege to sell high tech knives. All we had to do was buy the first batch of knives for something like $300.
So annoying.
They all were vibe-coded websites of teams in "Japan," looking to collaborate and encouraging me to jump on a call. I was initially excited (because of this job market) before slowly realizing I was being scammed. If you're a scammer reading this: KYS.
It is lame, but some people treat perspective employees as a fungible service. =3
As everyone was laid off, nobody inside to contact. Messaged the (by this point former) CTO on LinkedIn, was a surprise to him too.
Even companies I would not have thought did anything scammy.. I've seen very obvious fake people, 100s, maybe 1000s of AI bots (just my guess) posting fake posts (what's it like having a job in marketing these days?) claiming to love the product, or even bash / make up fake stories about their competition.
Some of this is obvious to me but I can see that a lot of people don't notice and start trying to engage with the bots. Maybe it has to do with people's assumptions that they can easily detect AI - but its only the super obvious / lower effort stuff that's 'slop' looking. Plenty of it looks human, you have to spend time digging in like a P.I. to figure out the truth.