I've always wondered why consumers seem to lack foresight though? Like the foresight of governmental / corporate dystopias due to information asymmetries.
or foresight that exclusively buying goods manufactured abroad will eventually affect your home price as your neighbors one by one lose their local jobs...
Do we know why people act in such a way?
Edit: I'm quite shocked at the deep presumption of negativity. I was genuinely trying to discuss and explore the phenomenon of choosing long term detriment for short term gain.
or foresight that exclusively buying goods manufactured abroad will eventually affect your home price as your neighbors one by one lose their local jobs...
Do we know why people act in such a way?
Edit: I'm quite shocked at the deep presumption of negativity. I was genuinely trying to discuss and explore the phenomenon of choosing long term detriment for short term gain.