Discussion » Questions » Finance » Can you name an industry that relies on human stupidity for the majority of their profits?

Can you name an industry that relies on human stupidity for the majority of their profits?

Example...cosmetics.

Posted - April 15, 2022

Responses


  • 1633
    Education, of course!  If people were born intelligent, schools would become completely effete.


    This post was edited by bevo at April 16, 2022 7:47 PM MDT
      April 16, 2022 5:13 AM MDT
    5

  • 2967
    Astrology, flat earthrs, fortune tellers are the top three in my opinion. 
      April 16, 2022 5:47 AM MDT
    4

  • 17404
    Those that create fragrances. 
      April 16, 2022 1:23 PM MDT
    4

  • 3684
    Much of the advertising trade.

    Large chunks of the IT, telecommunications and financial trades.

    Property developers.

    Commercial branding consultants - they profit not from the public at large, but from board-room stupidity in large companies.

    Amusement-arcades and the gambling trade.

    Up-in-price, down-in-value fast-food chains trading on spurious fashion.

    In Britain at least, the big chains that run the motorway service-stations, (and the fast-food joints therein!).


    The gadgets trade, selling e.g. :-

    - so-called "smart" loudspeakers,

     - so-called "smart"' 'phones,

     - TVs that need complex remote controls to replace a couple of simple switches,

     - much of the "electronickery" being built into modern cars,

     - 'fridges with built-in 'phones,

     - "sleep masks",

     - umpteen kitchen, garden and toy items that over the decades, have been pushed hard as the latest "must-have", are a fad for a year or so, then become relegated to the backs of cupboards or garden sheds for ever more...
      June 25, 2022 1:09 AM MDT
    1