So - we have seen some of the unique factors that went into enabling Albania to become a "poster child" for pyramid schemes. Chief among them was the country's unique history which made it ripe for such schemes to be perpetuated on a mass of people; namely the country's history as an isolated backwater of the Ottoman Empire for 500 years and it's isolation and totalitiarian rule under Enver Hoxha fromn 1944 until 1985.
There is another factor that needs to be explored as well, however. Keep in mind that the pyramid schemes were so massive, so perpetuating and so prevalent in Albanian society during this time because, in part, of government backing.
One of the problems of a country like Albania which was "in transition" from despotic Communist rule to a free market economy was that no one knew exactly what was going on. The Albanian government of the early 1990's was caught up in economic problems of its own, not to mention the fact that at this time the government had, at best, loose control over the country.
There is also the fact that the Yugoslav wars were occurring during this time as well, and the Kosovo crisis was beginning. This led to frequent cross-border incursions from Albanians living in (the former) Yugoslavia and arms shipments and gangs of both criminals and paramilitary groups that were using the Albanian economic system (such as it existed) for their own purposes.
In short, a "perfect storm" was brewing during the 1990's which allowed pyramid schemes to get out of control in Albania.
Next, we will ask what we have learned since the crisis of the 1990's in Albania.
Have a great and fraud-free day.
http://www.tauskvega.com
------------->>>>>>>>>>>>>gene tausk
There is another factor that needs to be explored as well, however. Keep in mind that the pyramid schemes were so massive, so perpetuating and so prevalent in Albanian society during this time because, in part, of government backing.
One of the problems of a country like Albania which was "in transition" from despotic Communist rule to a free market economy was that no one knew exactly what was going on. The Albanian government of the early 1990's was caught up in economic problems of its own, not to mention the fact that at this time the government had, at best, loose control over the country.
There is also the fact that the Yugoslav wars were occurring during this time as well, and the Kosovo crisis was beginning. This led to frequent cross-border incursions from Albanians living in (the former) Yugoslavia and arms shipments and gangs of both criminals and paramilitary groups that were using the Albanian economic system (such as it existed) for their own purposes.
In short, a "perfect storm" was brewing during the 1990's which allowed pyramid schemes to get out of control in Albania.
Next, we will ask what we have learned since the crisis of the 1990's in Albania.
Have a great and fraud-free day.
http://www.tauskvega.com
------------->>>>>>>>>>>>>gene tausk
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