NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / World

Frank Greenall: Merit in pyramid scheme

Whanganui Chronicle
12 Jun, 2019 05:00 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The ancient Egyptians caught the pyramid bug in a big way. Photo / file

The ancient Egyptians caught the pyramid bug in a big way. Photo / file

PYRAMID schemes have long been predatory plagues on the investment landscape.
Shyster sharks fleece Peter to pay Paul on a grand scale, until the sordid pyre finally implodes.

Sadly, though, there's still no shortage of punters for whom a Folies Bergere line of dancing dollar signs remains the most beguiling sight in the world — until one final high kick reveals there really is nothing underneath.

But one particular pyramid scheme has been a notable exception — the original one.
Why the ancient Egyptians got the pyramid bug is unclear. The early ones were stepped pyramids, so there was talk of stairways to heaven and so forth. But get the bug they seriously did.

The apotheosis of the pyramid builder's art was hit with the Great Pyramid of Giza — the pyramid of King Khufu — built circa 2500BC.

The amount of stone in this truly astounding edifice is roughly the equivalent of all the stone buildings combined in the central London City area.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

While the stones averaged 2.5 tonnes apiece, some were up to 50 tonnes — transported from an Aswan quarry 800km away.

Modern engineers still can't figure how they managed to piece it all together — especially given its internal labyrinth of shafts and chambers.

But the point is that, for quite a while, pyramid building was Egypt's hot industry and trigger to a tiger economy.

Advertisement
Advertise with NZME.

Recent evidence suggests that — contrary to the legend they were built on the blood and bone of armies of slaves — they were mainly constructed by locally employed labourers, masons, artisans, engineers and architects.

Underpinning this mammoth workforce was an equally mammoth support industry, ensuring the lads had all the necessaries for another hard day's graft.

Accommodation had to be provided — for spouses and families also. Bread had to be baked, beer brewed, gazelle stewed, and Sky Sports connected. Well, actually, they already had Sky Sports — bigger than Super 15 was watching and tracking the cyclical stellar panorama of the night sky.

Life was good, the cotton high, and young dudes couldn't stay up too late snorting lotus pollen and stealing chariots because they had to be on deck bright and early or else. Pyramids had to be built!

Discover more

Lifestyle

Frank Greenall: Budget puts wellbeing first

05 Jun 05:00 PM
Business

Letters: Council costs needed first

09 Jun 05:00 PM

Why? The theory the great pyramids were simply gargantuan burial tombs (although they gave a nod in that direction) doesn't stack up. All the real serious royal entombing with accompanying crucial preparation for the afterlife took place in the Valley of the Kings, some distance away.

Whatever, for centuries construction of these behemoths powered the Egyptian economy
into top-dog position.

In themselves, the pyramids contributed hardly a jot to quality of life.

Apart from being ultimate status symbols for their instigators, they more or less just sat there, not even giant sweat shops for malformed track pants.

Their main benefit was simply as catalysts for concerted community activity and skill-building.

They acted as trade training hubs from which young artisans gravitated into wider society, much as our own railways workshops acted as seeder grounds for apprentices.

Advertisement
Advertise with NZME.

Our own rail network had rich utility for the wider economy. But the mega resources necessary for the pyramids' construction eventually outstripped economic benefits, bankrupting the country.

However, the original pyramid scheme shares have come good. Despite recent hiccoughs, the pyramid tourist industry has been an Egyptian golden goose.

The presumptive Pharaoh of the Far North, Shane Jones, may hark well. Commendably, he wants his self-identified ne'er-do-well nephews off the couch and driving spikes for a Marsden Point rail spur.

Presently, the couch is still winning.

But should he recall how King Khufu's grand design hugely energised Egypt's broader economy, he might also consider driving the current railhead north through the Mangamukas to its long-proposed Kaitaia destination.

It'll not only get many nephews off couches, but — unlike the original pyramids — also return immediate economic benefits.

Advertisement
Advertise with NZME.

For starters, by reducing the intimidating fleets of road-wrecking juggernaut logging trucks.

Save

    Share this article

Latest from World

Premium
World

Fight to save a farm from fire - with help from friends

23 Jun 12:51 AM
World

Maga is divided over Trump’s decision to bomb Iran. Will it last?

22 Jun 11:56 PM
Premium
World

Remarks by Kiwi CEO of Air India after plane crash draw scrutiny for plagiarism

22 Jun 11:42 PM

Help for those helping hardest-hit

sponsored
Advertisement
Advertise with NZME.

Latest from World

Premium
Fight to save a farm from fire - with help from friends

Fight to save a farm from fire - with help from friends

23 Jun 12:51 AM

New York Times: 'I wouldn’t leave till the very bitter end,' said farmer Jake van Angeren.

Maga is divided over Trump’s decision to bomb Iran. Will it last?

Maga is divided over Trump’s decision to bomb Iran. Will it last?

22 Jun 11:56 PM
Premium
Remarks by Kiwi CEO of Air India after plane crash draw scrutiny for plagiarism

Remarks by Kiwi CEO of Air India after plane crash draw scrutiny for plagiarism

22 Jun 11:42 PM
Trump poses ‘why wouldn’t there be a regime change?’ after US strikes on Iran, oil price jump
live

Trump poses ‘why wouldn’t there be a regime change?’ after US strikes on Iran, oil price jump

22 Jun 11:14 PM
How a Timaru mum of three budding chefs stretched her grocery shop
sponsored

How a Timaru mum of three budding chefs stretched her grocery shop

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP