12 votes

Griftonomics: How "passive income" money-making schemes took over the internet, and the world

Posted by spit-evil-olive-tips
Tags: artificial intelligence, scams, income.passive, griftonomics, internet, videos, tom nicholas, long watch
https://www.youtube.com/watch?v=2bq3SdfzcA4

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Title
Griftonomics: Why Scams are Everywhere Now
Authors
Tom Nicholas
Duration
1:45:55
Published
Jul 31 2023

2 comments

  1. Sodliddesu
    Link
    The King of the Hill episode "A Year of Washing Dangerously" released in 2006. A year after YouTube was first created but long before the rise of Internet gurus. Why bring up that episode? Because...

    The King of the Hill episode "A Year of Washing Dangerously" released in 2006. A year after YouTube was first created but long before the rise of Internet gurus. Why bring up that episode? Because Kahn gets a VHS tape where Doctor Money tells him to buy a turnkey business to generate passive income. That's all well and good but back then the scams mostly hit those looking for them. The term "get rich quick scheme" didn't originate with Tai Lopez. CutCo knives and MLMs. Mary Kay and the ilk. They've all been everywhere and, just like everything else, the Internet makes them more visible.

    I think the video certainly touches on the proliferation of these scams but also that it's just another symptom of the Web 2.0 tumor we thought was benign.

    6 votes
  2. spit-evil-olive-tips
    Link
    from the video description:

    from the video description:

    Grifts and scams have taken over. Everywhere you look online, gurus are offering quick and easy ways to make money. Social media feeds and the YouTube homepage are dominated by "passive income" strategies which promise a sure-fire path to financial freedom.

    At the same time, there has been a rise in anti-grifter content too. Creators including Coffeezilla, Dan Olson, Münecat and Mike Winnet have all dedicated time in recent years to highlighting that making easy money online can actually be a little more difficult than these gurus like to suggest.

    Whether you're a financial freedom seeker or a sceptic, it's clear that grifters and scammers are the zeitgeist.

    But, while these schemes might initially seem somewhat low-rent marginal, they actually take influence from some of the most successful businesses in the world. And, not in a good way.

    This is the story of how grifts and scams took over not just the internet, but the world.

    4 votes