Home Title Index Topic Index Sources Directory News Releases Sources Calendar RSS Sources Select News RSS Feed

The Serious Price of the Hyperconvenient Economy

Nader, Ralph
http://www.counterpunch.org/2017/11/03/the-serious-price-of-the-hyperconvenient-economy/

Publisher:  Counterpunch
Date Written:  03/11/2017
Year Published:  2017  
Resource Type:  Article

The rapid "progress" towards greater convenience will induce dependency, ignorance of the product and service and more loss of voice, self-determination and self-reliance.

Abstract: 
--

Excerpt: There is the convenience of credit and debit cards. It started in the nineteen fifties when a businessman found it inconvenient in restaurants to have to make sure he had enough cash. Why not sign up restaurants to take the Diner’s Card? Before long the question became, why not take it all the way to enable massive impulse buying, massive invasion of privacy, revolving debt traps, bankruptcies, and the iron collar of unilaterally determined credit scores ratings? Why not deliberately overextend credit and turn consumers into hooked supplicants who won’t complain to their car dealers, insurance agencies or landlords for fear of a complaint lowering scores and ratings?

Sources-journalists use the sources website to find you


AlterLinks
c/o Sources


© 2018. The information provided is copyright and may not be reproduced in any form or by any means (whether electronic, mechanical or photographic), or stored in an electronic retrieval system, without written permission of the publisher. The content may not be resold, republished, or redistributed. Indexing and search applications by Ulli Diemer and Chris DeFreitas.