Well, we know we are run by idiots. That's not really in question. But now we know we are run by massive idiots. It doesn't matter who is in charge. It's like they sniff the magic glue that makes you stupid when you sign on the dotted line to run this club.
Just stop for one year and break this insane cycle of continuously overpaying for the next shiny trinket you see. Just because someone else wants to overpay for it doesn't mean you have to.