Shortchanged: Life and Debt in the Fringe Economy
by Howard Karger · 9 Sep 2005 · 299pp · 83,854 words
phenomenon in the United States. On the contrary, the nation has a long history of indentured servants, debt servitude, company stores, loan sharks, pawnshops, and predatory finance companies. For example, company stores in mill towns, coalfields, and migrant camps have traditionally kept poor workers in a cycle of perpetual debt. Black sharecroppers
Why We Can't Afford the Rich
by Andrew Sayer · 6 Nov 2014 · 504pp · 143,303 words
, but nothing to come close to 2007. The impressive expansion of the sector’s revenue seemed to justify everything. In the US, Michael Hudson comments, Predatory finance has concentrated wealth and used it to buy control of governments and their regulatory agencies. It even has taken over the Justice Department and the
Adaptive Markets: Financial Evolution at the Speed of Thought
by Andrew W. Lo · 3 Apr 2017 · 733pp · 179,391 words
an unimportant value might find themselves drawn to the prosecutorial side of the law, or high-pressure sales, or indeed, Gordon Gekko’s caricature of predatory finance. Not everyone in those professions will share those values, of course, but individuals with those values may find such professions more agreeable than others, and
The Social Life of Money
by Nigel Dodd · 14 May 2014 · 700pp · 201,953 words
they are free when they support rent seeking rather than real GDP, reward banks for pushing junk mortgages, and use credit rating agencies to make predatory finance look like sound wealth creation. Free markets need to be protected from fraud and rent seeking. The second myth is that central banks cause inflation
How the World Ran Out of Everything
by Peter S. Goodman · 11 Jun 2024 · 528pp · 127,605 words
visions of open road adventures succumbed to the grim monotony of warehouses, truck stops, and portable toilets. But the high turnover also attested to the predatory financing that was central to the trucking game, from the training program rip-off that Jackson suffered to commonplace arrangements in which trucking firms leased and
Crashed: How a Decade of Financial Crises Changed the World
by Adam Tooze · 31 Jul 2018 · 1,066pp · 273,703 words
it one of the industrial heartlands of the world closed down, Detroit was caught in a death spiral of unemployment, racial disadvantage and unsafe and predatory financing.2 By 2013, 36 percent of Detroit’s population were classed as living below Michigan’s far from generous poverty line. The unemployment rate was