Scamz

http://www.washingtonpost.com/news/wonkblog/wp/2015/10/19/how-your-junk-mail-shows-if-youre-rich-or-poor/

It seems this is an example of the government protecting people. It is a case in which, if left to the devices of the free market, there are people that will take advantage of others, in this case in “broad daylight” so to speak. The government has since changed the rules on this activity…so I wonder where the predatory behavior has migrated to? And what if this means that credit card companies become incredibly less profitable? Is this a social ill? It will surely be measured that way in a political debate that ignores the whybehind the loss of profitability
 
Something I think that I find hard to wrap my head around is what exactly the state should do in markets? Referee. That’s an old answer. It’s not cheap to a) collect data, b) have the knowledge to spot these and frame them as crimes, c) have the proper policy response to correct the problem, and d) be able to sell that response to the dipshits that get elected and vote on these things.
Finally, I also don’t know where I stand on the morality of it. These are adults who agree to be taken advantage of, in a sense, and the defining feature of those who avoid the trap seems to be an education. Buyer beware is one response, but it’s not reasonable to expect consumers to be experts on subjects outside of their productive scope. This paper makes the argument that people are acting irrationally, and therefore don’t understand the contract…and what if we made people take comprehension tests in addition to signing contracts? Haha, there goes your housing market!
Haha, perhaps universities should be using these types of studies to sell over-priced education, rather than false promises of employment. Fear is a better motivator than greed, after all. So if you tell people that your best defense against predatory corporate interests is to be smart enough to avoid their traps, what would enrollment cost-benefit analysis look like? But…alas, the people without an education offend easily, and would resent the marketing.
I think the further irony…if you’re reading these articles, you probably aren’t targeted…knowledge is power.