Merchants of Misery: How Corporate America Profits From Poverty — The Poverty Industry
What happens when financial exclusion becomes a profitable market?
Welcome to Crisis in Perception, where we examine the systems shaping our world.
Merchants of Misery: How Corporate America Profits From Poverty, edited by Michael Hudson, investigates the high-cost financial economy that developed around consumers frequently excluded from conventional banking and affordable credit during the period documented by the book.
The investigation moves beyond individual examples of predatory lending to examine the system that makes those transactions possible. When banks withdraw from disadvantaged…
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