Pyramid Scheme
In the 1980s, the Jerusalem artichoke also gained some notoriety when its seeds were planted by midwestern US farmers at the prodding of an agricultural pyramid scheme. There was little market for the tuber in that part of the US at the time, but farmers were assured it would soon appear on the commodities market. The only profits were realized by the initial distributors and the first few levels of farmers (who sold their seeds to subsequent levels of the pyramid). As a result, many of the farms that had planted large quantities of the crop were ruined.
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Famous quotes containing the words pyramid and/or scheme:
“So universal and widely related is any transcendent moral greatness, and so nearly identical with greatness everywhere and in every age,—as a pyramid contracts the nearer you approach its apex,—that, when I look over my commonplace-book of poetry, I find that the best of it is oftenest applicable, in part or wholly, to the case of Captain Brown.”
—Henry David Thoreau (1817–1862)
“Your scheme must be the framework of the universe; all other schemes will soon be ruins.”
—Henry David Thoreau (1817–1862)