I concur with this sentiment strongly. I use websites such as CamelCamelCamel to see how long it has been at this "sale" price. But this only works for Amazon. I would love to see an equivalent site that tracks for many more websites.
It's particularly disgusting when you see "Black Friday Sales" that are an actual increase in the price. I saw a picture of a price tag of $219.99, with a sticker overlaid with a price of $249.99 with a "sale" price of $229.99. The kicker was the sticker was slightly transparent, and you could clearly see the original $219.99 underneath.
I've heard there are places with legislation that says you can only have on sale for as long as it was at the pre-sale price. I think this could help fight places with perpetual sales. The sad thing is this has become so ingrained in our culture, that when JC Penny tried to stop doing this, they lost a ton of customers, and a significant amount of money [0]. There would have to be a significant culture shift to go away from this.
We're now arguably in the middle of a 2nd Gilded Age; the size and scope of tech companies today would make the JP Morgan's/Rockefeller's of yester-century red with envy, and we've done jack shit as a society to hold them accountable for just about everything. And if we're in the middle of a 2nd Gilded Age, are we also in need of a 2nd wave of Progressivism? Most likely. I don't know how much they could get done though. The modern model of policymaking (especially at the federal level) is so choked with so many voices trying to get the attention of politicians that you often need a hefty budget to get anything done. Even then, it's at a snail's pace. And even if something smelling of a 2nd Progressive wave started to percolate, the sky-high polarization of public discourse on the Internet would make it nigh-impossible to get the facts straight. It makes it an even tougher sell to Americans that hate big government that we need to implement sensible legislation that is in their best interest.
This is probably one of the biggest hurdles today to getting anything done: convincing the general public that corporations are not your friend and do not/never will have your best interests at heart.
I really don't like the idea of living in a society where companies I buy things from are trying to scam me by using Pavlov-esque techniques of using fake discounts to get my attention, especially because that works. Really, is that the society we want to have?
I would like to hear counter arguments to this.