Fortunate is it now? I'm happy for Starbucks and iPhone app developers who, in my opinion, overcharge. I'm even happier for the consumer who finds satisfaction in overpaying. But the spendthrifts don't represent the entire market either.
"Nobody ever went broke underestimating the intelligence of the American public." -- H. L. Mencken
Typical faux elistism.
Not suited to sell things, I take it....