This is NobodyisFlyingthePlane on two big issues.
First is what’s keeping the poor down and the second is how the free market and businesses suborn the political process.
We talk about all kinds of things that keep the poor where they are like unfair hiring practices or lack of educational opportunities, but we don’t talk about things like payday loans which have
ruinous effects on the working poor.
This is also an example of an industry which is unhealthy for society as a whole, which does more harm than good to the population it serves, which is setting the rules for its own regulation. We have got to stop letting businesses unduly influence the plans for their governance.
Payday loans need to change. We’ve got to keep businesses from profiting on the financial enslavement of the poor.
A Lame Response to Predatory Loans http://nyti.ms/1X1FYUL