The Allegory of the Cave is about a group of people who have lived in a cave since their childhood. These people not only live in this cave, but they are also chained and made to face a blank wall. Even their heads are shackled such that they cannot look behind them or at the sides. On the blank wall in front of them, a fire that is behind them projects shadows of objects that are passing behind them. When one of them is released to the outside world, the people who remain in the cave do not believe the version of the story concerning the reality of the shadows they have spent the whole of their lives watching and analyzing.
According to Plato, the chained people represent the uneducated and uninformed men in the society (Warmington 119). Behind them and directly in front of the fire, people walk on a raised platform, thus projecting the shadows and echoes on the blank wall. These are the leaders in the today society and those other people in positions of influence who want the masses to believe in their point of view. The shadows projected include religion and political rule in the society. The philosopher escapes from the cave and is able to see the reality of the universe (Adeloitte 32). One could equate Bernard Madoff's Ponzi scheme with this as he projected unrealistic profits to investors