!1: Now is the time Broke, USA: From Pawnshops to Poverty, Inc.How the Working Poor Became Big Business Order Today!
Over All Rating Reviews :
Great Deal :
$12.95
Date Created :
Oct 28, 2010 00:51:21
For most people, the Great Crash of 2008 has meant troubling times. Not so for those in the flourishing poverty industry, for whom the economic woes spell an opportunity to expand and grow. These mercenary entrepreneurs have taken advantage of an era of deregulation to devise high-priced products to sell to the credit-hungry working poor, including the instant tax refund and the payday loan. In the process they've created an industry larger than the casino business and have proved that pawnbrokers and check cashers, if they dream big enough, can grow very rich off those with thin wallets.
Broke, USA is Gary Rivlin's riveting report from the economic fringes. From the annual meeting of the national check cashers association in Las Vegas to a tour of the foreclosure-riddled neighborhoods of Dayton, Ohio, here is a subprime Fast Food Nation featuring an unforgettable cast of characters and memorable scenes. Rivlin profiles players like a former small-town Tennessee debt collector whose business offering cash advances to the working poor has earned him a net worth in the hundreds of millions, and legendary Wall Street dealmaker Sandy Weill, who rode a subprime loan business into control of the nation's largest bank. Rivlin parallels their stories with the tale of those committed souls fighting back against the major corporations, chain franchises, and newly hatched enterprises that fleece the country's hardworking waitresses, warehouse workers, and mall clerks.
Timely, shocking, and powerful, Broke, USA offers a much-needed look at why our country is in a financial mess and gives a voice to the millions of ordinary Americans left devastated in the wake of the economic collapse.
!1: Best Buy So after reading this book it definitely solidified what I already knew, the rich get richer and the poor get poorer. I noticed that lately "Capitalists" no longer want to be known as "Capitalists" they want to be called "Free Enterprise". I like any other love profit but there is profit and there is OBSCENE profit. Mr. Rivlin goes into this kind of profit. He shows you how simple men who came from nothing made their American dream come true. In any book this fairy tale would be the best part of the book. The difference here is that the men in this book didn't create something that they sold and bought mansions from the profit. These Free Enterprisers just stepped on the necks of people who were already in trouble. I realize now that America won't change, we will always have people who will refuse to understand what APR is or what accumulated fees do to the final outcome of a loan. In my opinion we have to start with third graders and as they go through each successive grade we teach them more and more about money. This way when they grow up they will be able to steer clear of the parasites Mr. Rivlin describes in his book.
One thing you will see is that these parasites in their descriptions of their business drape themselves with the American flag (Lee Greenwood's "Proud to be an American" playing softly in the background). Talking about how America allows them to make profit while creating jobs and providing services to people who have no other option. I realize that some see America this way but what ever happened to looking out for your brother?
Anyway this book is well worth it along with others but I have to say it is depressing especially since my wife who started at Associates in Irving was a part of this. She only processed papers but she would see what was happening. Being from Germany she thought it was normal American Business Processes. Did she ever wake up.
on Sale!
Recommend : !: HDTV Monitor Right Now !: Ipad Mn
