Why were so many taken in the Madoff hedge fund scandal?

Why were so many taken in the Madoff hedge fund scandal?
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Answer :

I just watched part 1 of The Century of Self that goes into a lot of detail about the origins of the materialist mindset that dominates our culture. It talks about Freud’s nephew, Edward Bernays, who took Freud’s ideas about the subconscious mind and he spent his life developing ways to control people by positioning products or governments as “the thing to do.”
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