Subsidised, investment or Ponzi?

Capitalists at Work on subsidised schemes:

http://www.cityunslicker.co.uk/2019/02/addicted-to-subsidies.html

Last Friday’s Times contained an article entitled “Politics and business are addicted to bungs“.  It was a propos of the ‘revelations’ about government dealings with Nissan.   

The Mars One scheme to take passengers to Mars and leave them there is bankrupt:

https://www.cbc.ca/news/technology/mars-one-bankrupt-1.5014522

Mars One, a Dutch company that planned to send humans on a one-way trip to Mars and start the first human colony on the Red Planet, has been declared bankrupt.

The declaration was made in a Swiss court on Jan. 15 — and posted on Reddit this past weekend — officially dissolving Mars One Ventures AG.

There’ve always been schemes:

https://en.wikipedia.org/wiki/Ponzi_scheme

https://en.wikipedia.org/wiki/Darien_scheme

https://en.wikipedia.org/wiki/South_Sea_Company

… to name a few.

2 comments for “Subsidised, investment or Ponzi?

  1. Distant Relative
    February 14, 2019 at 08:51

    ….officially dissolving Mars One Ventures AG.

    Damn! Was hoping it would be the one-way ticket for Sauron, Gates, May, Macron, Merkel …….. Could we have a whip-round?

  2. February 15, 2019 at 02:10

    Mars One, a Dutch company that planned to send humans on a one-way trip to Mars and start the first human colony on the Red Planet, has been declared bankrupt.

    What a surprise. Who would have imagined that establishing a colony on a dead rock in space would be a bad business idea?

    A one-way trip to Mars to start a colony sounds a bit like transportation to the colonies for life. Except that when the colony was somewhere like Australia it was a place that could actually support human life.

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