Companies that
are exploiting the ignorance of the poor and uneducated through the use of
deceptive business techniques, binding legal agreements, and terms and conditions
that are often never explained. Banks don’t make money off of people that pay
back loans on time, in the allotted time period or earlier. The real profit as
illustrated in the reading is the least likely to adhere to their agreement;
the poor. The exploitation of the poor and the specific crime of forcing them
to sign under false pretences or even duress should be outlawed. The facts are
that these large corporations plant their franchises in the worst socioeconomic
areas and prey upon millions of unknowing victims. The lasting consequences
include but are not limited to bankruptcy, black marked credit history, and
wage garnishment. Taking advantage of the poor in their time of need and then attaching
long term debt to their burden only works to widen the opportunity divide.
I think the
government is at fault for not tightening regulations corporations that choose
to throw their ethics out the window. The government is also at fault for not
providing services that could educate the target demographic that has instead been
exploited relentlessly over the past twenty years If understanding American
finance, what is credit and how it works, or even how to budget where covered
on the American curriculum maybe this cycle would end. There are a number of
solutions to this problem if we as a nation stopped ignoring this problem for
starters maybe even educating our friends and families against these institutions
and their malpractices. No matter how to look at it though you cant really
blame the individuals being taken advantage of it would be like blaming the
loosing team for a horrible playing field
The
image above is of MLK the text is a call to action, its time to stop being
neutral we are the 99%
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