> How about poniz schemes ran by governments ? You are ok with that kind of exploitation ?

I don't understand what kind of argument you were aiming at. Even if your "government ponzi scheme" non-sequitur is taken at face value, what's your point exactly? Do you expect that a type of fraud becomes acceptable if you manage to point out other types of fraud?

simple, if there are no more participants in a govt systems like social security or people dont want to use govt backed money, then it's value will collapse in a one way or another.

It means that people who are left in the system are screwed like in any ponzi like systems.

P.S. Thanks for downvotes HN on my orginal comment

Welcome to the internet.

1. Claim that X is the same as Y.

2. Assert that Y is Bad.

3. Therefore, X is Good. QED.

yeah, if you cut out and overlook all the key defining aspects of a Ponzi scheme like the fraud, sure.

Once the government privatizes social security (and similar mandatory retirement programs in other countries), converts it to a for-profit system, encourages speculative “investing”, makes deceptive claims on returns— you’ll be exactly right, they would be the same.

I don't think your parent comment mentioned social security. Kind of off-topic, don't you think?

The ponzi schemes ran by governments are ultimately run as a benefit to your retirement, and most importantly, you can overthrow a government.

you make it sound so easy...

why not just waltz into Russia, tell Putin and pals to leave and replace them with kind, competent, generous leaders?

What about it? Everybody knows it's a Ponzi and at some point people agreed to it. It's not lying to you saying it will magically create money for you if you invest. You take the money from younger contributors, to give it to older contributors by design. And that kinda makes sense because the people at the top eventually die and it's everybodys turn at some point.