11 Nov 09
If you haven't seen it, its a bunch of elves shopping for Santa. One of the elves tell a sears employee they don't get bonuses until December. Then the employee let the elf know about layaway. My thoughts are that this commercial is reflective of the current economic crisis. People spent money they thought they would be getting in the future. That money never came and they got themselves into hot water. Now sears is promoting the same thing. Thoughts? Mine are is it ethical for stores to promote the credit culture?
11 Nov 09
Originally posted by cheshirecatstevensAt some point we have to stop worrying about what it's ethical for people to encourage others what to do and start worrying about the consumers taking responsibility for their own spending habits. The fact that you see a commercial advertising credit doesn't mean that you should be excused for taking advantage of it.
If you haven't seen it, its a bunch of elves shopping for Santa. One of the elves tell a sears employee they don't get bonuses until December. Then the employee let the elf know about layaway. My thoughts are that this commercial is reflective of the current economic crisis. People spent money they thought they would be getting in the future. That ...[text shortened]... ing the same thing. Thoughts? Mine are is it ethical for stores to promote the credit culture?
By the same token, if Sears encourages easy credit and then they get screwed when the consumer is unable to pay on the back end, I won't feel too bad for them either.
I think it's ethical for sellers to do anything short of lying or being misleading, as long as they realize that sooner or later, you reap what you sow.
11 Nov 09
Originally posted by sh76That's why so many developed world multi-nationals like taking full advantage of SweatshopWorld because, pointedly, they don't necessarily "reap what [they] sow" when they "do anything" there.
I think it's ethical for sellers to do anything short of lying or being misleading, as long as they realize that sooner or later, you reap what you sow.
11 Nov 09
Originally posted by sh76Along the same vein I think under. My question about ethics came from what I consider normalization of debt.
At some point we have to stop worrying about what it's ethical for people to encourage others what to do and start worrying about the consumers taking responsibility for their own spending habits. The fact that you see a commercial advertising credit doesn't mean that you should be excused for taking advantage of it.
By the same token, if Sears encourages ea ...[text shortened]... ng or being misleading, as long as they realize that sooner or later, you reap what you sow.
11 Nov 09
Originally posted by FMFI agree that that's a problem. I have no problem with domestic rules regulating the working conditions under which imported goods can be produced. I don't like the idea of my wrist watches and staplers being made by 12 year old children on assembly lines working for a dollar a day and no bathroom breaks. I'd pay an extra few bucks to ensure that doesn't happen.
That's why so many developed world multi-nationals like taking full advantage of SweatshopWorld because, pointedly, they don't necessarily "reap what [they] sow" when they "do anything" there.
11 Nov 09
Originally posted by sh76Be careful. eljefejesus will perhaps start calling you a troll. 😉
I agree that that's a problem. I have no problem with domestic rules regulating the working conditions under which imported goods can be produced. I don't like the idea of my wrist watches and staplers being made by 12 year old children on assembly lines working for a dollar a day and no bathroom breaks. I'd pay an extra few bucks to ensure that doesn't happen.
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11 Nov 09
Originally posted by cheshirecatstevensI don't have a problem with layaway - for those of you too young to know that is how people used to pay for things without using credit (back when almost no one had credit.) It was a way for the people to afford something that they couldn't just plunk down the cash for in one go. With that and local "Savings and Loans" the middle class was able to slowly and judiciously raise their standard of living without being in hostage to predatory lenders. Scuzzy pigs looted the local "Savings and Loans" in the 80s with Reagan's help. They have now so ruined the rest of the economy by hording profits and looting the treasury that all we have left is what little trust remains in each other. I expect further strong winds will blow that all to hell shortly.
If you haven't seen it, its a bunch of elves shopping for Santa. One of the elves tell a sears employee they don't get bonuses until December. Then the employee let the elf know about layaway. My thoughts are that this commercial is reflective of the current economic crisis. People spent money they thought they would be getting in the future. That ...[text shortened]... ing the same thing. Thoughts? Mine are is it ethical for stores to promote the credit culture?
11 Nov 09
1 edit
Originally posted by sh76Exactly.
At some point we have to stop worrying about what it's ethical for people to encourage others what to do and start worrying about the consumers taking responsibility for their own spending habits. The fact that you see a commercial advertising credit doesn't mean that you should be excused for taking advantage of it.
By the same token, if Sears encourages ea ng or being misleading, as long as they realize that sooner or later, you reap what you sow.
I'm loving this low interest environment. Hell, by the end of the year I plan to have over $10K in new debt that is 0% for between 2 and 3 years. I just divide the debt by the months of interest free financing on the purchase and then I have that amount automatically debited from my checking account.
I see only two potential problems.
1) I lose my job. This is very unlikely.
2) Something gets screwed up in my autodebits and the interest rate jacks up to some ridiculous rate (That would suck!).
Either way, I'll take full responsibility for my decisions and full advantage of theirs.
