meta_pixel
Tapesearch Logo
Log in
Lost Debate

When Entrepreneurship Becomes Exploitation

Lost Debate

The Branch

News, Society & Culture, Politics

4.6607 Ratings

🗓️ 13 May 2025

⏱️ 50 minutes

🧾️ Download transcript

Summary

Journalist Bridget Read joins Ravi to explore the dark side of multi-level marketing schemes - and why they’re more dangerous and widespread than most people realize. In her new book Little Bosses Everywhere, Read breaks down how these so-called business opportunities often lure in vulnerable people, turning dreams of entrepreneurship into financial traps. Ravi and Bridget discuss why MLMs thrive despite dismal success rates, how they’ve reshaped American society, and what they reveal about the American obsession with hustle culture and belonging. Leave us a voicemail with your thoughts on the show! 321-200-0570 Learn more about Ravi's novel and upcoming events: GARBAGE TOWN --- Follow Ravi at @ravimgupta Follow The Branch at @thebranchmedia Notes from this episode are available on Substack: https://thelostdebate.substack.com/ Lost Debate is available on the following platforms:  • Apple: https://podcasts.apple.com/us/podcast/the-lost-debate/id1591300785 • Spotify: https://open.spotify.com/show/7xR9pch9DrQDiZfGB5oF0F • YouTube: https://www.youtube.com/@LostDebate • Google: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vTERJNTc1ODE3Mzk3Nw  • iHeart: https://www.iheart.com/podcast/269-the-lost-debate-88330217/ • Amazon Music: https://music.amazon.co.uk/podcasts/752ca262-2801-466d-9654-2024de72bd1f/the-lost-debate

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to The Lost Debate Show for Politically Ecclectics. I'm Ravi Gupta. And in a second, I speak to

0:05.4

Bridget Reed, who is a feature writer at New York Magazine, where she reports on housing inequality,

0:10.3

the real estate industry for curb. She previously worked for The Cut and was a culture writer at

0:15.1

Vogue. She has a book called Little Bosses Everywhere, How the Pyramid Scheme Shaped America. And she has this whole

0:22.5

book about multi-level marketing schemes, and it is going to blow you away. We get into it. Talk about

0:27.7

why you need to know about this industry, why you may even be interacting with it and don't even

0:32.0

realize it. So we'll get there in a second. But before that, a couple things in my life.

0:36.1

Number one, thank you for everybody who voted for us for the Webby Award.

0:39.8

We were nominated three times this year and won an award for killing justice,

0:44.5

our show about an alleged political murder in India, and I got a chance to attend that

0:50.0

award ceremony last night, and it was really wonderful.

0:53.3

And, you know, we're a little company,

0:55.8

but we always punch above our weight in these types of things. And it's because of you as a

1:00.3

loyal audience. We're not massive, but we have a group of nerdy eclectics like you who really

1:07.3

care about the work that we do. And so I really appreciate all the support that you give to us.

1:12.5

Two is I'm actually recording here from my high school that I graduated from more Catholic high school.

1:17.6

And I got a chance to speak to some students who are graduating in two weeks. And I gave him a little pep talk this morning.

1:24.4

And I, every time I interact with students, I'm left with two thoughts.

1:29.1

One is I'm absolutely terrified for them. I know those of your parents feel this way.

1:33.8

The world that they are entering is so much different than the world that we come from.

1:39.4

You know, I was talking about AI and, you know, a lot of students were asking me about my sort

1:43.5

of budding career as a

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Branch, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Branch and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.