Sunday 12 December 2010

Fraudia

The newspapers in Kerala are having a wonderful time thanks to the jobs-for-money scam that has been unearthed. News nowadays has become more interesting than soap operas with real-life, believable allegations, counter-allegations and drama. People having connections to both political fronts are involved, with plenty of suggestions of backstabbing, wheeling and dealing, etc., etc.

I think that we have become so hardened by the almost daily exposure to these scams that we no longer feel abhorrence when we read about them. I read the scam about the organic farming money chain with an almost voyeuristic pleasure. Couldn't help smiling at the idiocy of the people who fell prey to these literally unbelievable scams. I mean, don't people have the commonsense to understand that the rates of return these companies promise are beyond the realm of possibility?

A long time ago, I used to believe that people here were fooled because of the lower quality of education we had. Bernard Madoff did me a great service by proving that it was not true. People with doctorates in financial management can be fooled too, provided you are sufficiently sophisticated.

2 comments:

jj said...

Once upon a time lack of information was a bane.
Today too much information is a bane ;).

tryingtowrite said...

On top of that, most of what passes as information/news is related to reality shows, bollywood gossip and meaningless statements by irrelevant persons. This is the earthian version of Hell.

Search This Blog