Merchants of Misery How Corporate America Profits from Poverty

ISBN-10: 1567510825
ISBN-13: 9781567510829
Edition: N/A
List price: $17.95
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Description: Hidden in today's rhetoric about personal responsibility is an ugly reality. Michael Hudson shows how predatory companies keep people poor by offering them Faustian bargains in desperate situations.

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Book details

List price: $17.95
Publisher: Common Courage Press
Publication date: 7/1/2002
Binding: Paperback
Pages: 232
Size: 4.75" wide x 8.00" long x 0.50" tall
Weight: 0.440
Language: English

Hidden in today's rhetoric about personal responsibility is an ugly reality. Michael Hudson shows how predatory companies keep people poor by offering them Faustian bargains in desperate situations.

Preface
Introduction: The Poverty Industry
The Geography of Discrimination: Banking, Race and Redlining
The New Redlining
Small Loans, Big Profits: The Finance Company Business
Shark Bait
"Signing Their Lives Away"
The Shadow Banks: Pawnshops and Check Cashers
Fringe Banks
Prince of Pawns
Mortgaging Your Future: Home-Loan Rip-Offs
Loan Scams
Company's Success Fires Up Wall Street
Shattered Dreams: New Homes, Unhappy Homeowners
A Firm Blessing
Give 'em Hector
Driven to Debt: High-Priced Car Loans and Insurance
Last Ditch Loans
Mercury Finance: Steep Incline
Country Justice
No Place Like Home: The Business of Slum Lords
Making Millions Out of Misery
Life on the Edge
A Few Bucks a Week: The Rent-to-Own Industry
Rent-to-Own: The Slick Cousin of Paying on Time
Peddling Dreams
Schools for Scandal: Trade-School Scams
Perfect Job For You
The Politics of Rich and Poor: The Struggle Over Corporate Profits and Consumer Rip-Offs
Little Relief for Consumers
Reforming High Finance
Conclusion: Seeking Alternatives
App. A. How to Investigate Businesses that Profit From the Poor
App. B. Resources
App. C. Bibliography
About the Contributors
Acknowledgments
Index

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