This is brilliant:
" Bernie Madoff's Ponzi scheme, which bankrupted thousands, worked so well because no one knows how to read financial records"
Bernie Madoff is not the only one with a Ponzi scheme and certainly not the most wicked one. Madoff's victims had a choice.
Compare that with the Ponzi scheme called National Insurance that successive governments have run. We all contributed to it in the belief that we would be looked after when we become frail and feeble. Successive governments took the money and wasted on their pet schemes instead of creating a fund to protect us. Now they say the cupboard is bare and have today tabled their idea for a new Ponzi Scheme.
The moral of the story is be it Madoff or the government we elect, they rely on our gullibility. At least Madoff got punished for his crime.
All that's missing is the observation that the uk government is shit.