welcome to the jungle

Fundamentally, “Gotcha Capitalism” is a story about the death of the price tag, about the constant bait-and-switch tactics that layer on fees and surcharges long after we’re in a position to bargain over them. It’s about rampant false advertising, about the explosion of small print and asterisks and about the seeming disappearance of federal authorities working to keep our marketplaces fair. It’s about a threat to our economic system, which was designed to reward good companies with innovative products, low prices and smart employees, but now benefits cheating companies who hire the best liars and create the most misleading ads and confusing fine print. . . . The glorification of the individual as the ultimate center of the universe brings with it a concurrent lack of shame or guilt. If you are all that matters–if you are everything there is–then you feel no remorse about anything you do. We’ve seen this abhorrent behavior made manifest in the every action of our so-called “leader” for the past eight years, but even Bush is just a symptom of the larger trend. And as a commenter on Sudden Debt notes, that lack of shame has spread from corporations down to individuals, who no longer care about the consequences of defaulting on loans or their mortgages: