Homeopathy: the Ponzi Scheme of Healthcare

business_ethics_highlights_2Selling homeopathy is roughly ethically equivalent to selling shares in a Ponzi scheme. That’s the argument made in the piece posted below. In both cases, there is overwhelming evidence that the produce just won’t do what it is expected to do. So how can a reputable grocery store sell homeopathy, when reputable banks obviously would never sell Ponzi schemes? >>>

LINK: Loblaws selling homeopathy is junk science and bad corporate ethics (by Chris MacDonald for Canadian Business)

magine you walked into your local bank, and saw a sign that read:

“Lottery tickets have the potential to ensure a comfortable retirement. Ask us to help you select the lottery that’s right for you!”

You would, I am sure, be shocked. Anyone with the slightest bit of financial common sense knows that lotteries are a losing proposition. For every one person who (temporarily, at least) gets rich, there must necessarily be thousands or millions more who lose money. Lottery tickets are a bad bet, and to advise someone to buy lottery tickets as an investment strategy would be fraudulently bad investment advice…..

What do you think?


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2 comments

  1. Pingback: Top 10 Business Ethics Stories of 2015 | The Business Ethics Blog

  2. Pingback: Luminosity’s Deceptive Trade Practices |

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