Generation Bubble

Dupe Deluxe: The Sucker's Market for Financial Innovation

The suppliers in markets for health insurance and mortgages (and so on) have reason to keep their products complex and their customers ignorant, and will continue to produce more complexity and call it innovation, moving the goal posts as consumers struggle to educate themselves. That in turn gives us consumers incentive to hop off the learning treadmill and either hire an expert, opt out and subsist as a second-class citizen, or resign ourselves to be taken advantage of by a variety of fat cats.