Seeing as how my dad is a homeopath, I strongly disagree with this.
I know for a fact that it is much more than placebo. Try giving placebo to someone, it does not work in the long run. My dad has had medicine practioners of all types come to his practice, some with pretty severe physical conditions.

There is proper science behind it, the best thing I can do is to get you to read Wilhem Reich, basicly the brainchild of it all. I'm not going to defend it, as you've already made up your mind.

What is actually happening is that most homeopaths don't know SH*T about their own subject, especially in the UK. It is a feeding ground for exploitation, that does not mean it doesn't work when done right.

A fraud does not mean the subject is a hoax.