It is not exactly my purpose to enlighten all buisinessmen or economists. I don't care of those who would take more trouble in detecting language formalities than getting the point. What we are discussing is that certain things in market economy walk like a pyramid scheme, quark like a pyramid scheme, and most importantly, expand and collapse like a pyramid scheme.
wchurchill - how exactly is this different to what's happening today?
Given that there's really very little of the technological innovation that you describe happening today - there's a lot of 'cheaper', but comparatively little 'new', I think the pyramid description is a perfectly apt and revealing one.
As to understanding the implications of pyramid marketing, versus speculation, versus "bubbles", there is plenty to read and gain insight. It doesn't matter to me if you and das monde choose to confuse them.
