Monday, April 11, 2016

Kiss Up, Kick Down––April 2016 Edition

This week John Oliver takes his always funny approach to an investigation of credit agencies, those large slipshod corporations that tell potential employers and landlords that you are actually a different person with a criminal record. Why do they do this? Because employers and landlords––groups of people who are always richer and more secure than you are–– are worried that someone lower down on the food chain is going to rip them off when the proper order if things reserves the right to rip people off to folks like them. Besides, if they make mistakes about your credit history (and 25% of the time they do) it’s only happening to people poorer than they are, so who gives a damn? (A: apparently no one.)

What if poverty is actually profitable to rich people. It is, and this happens. Predatory capitalism prefers to prey on people too poor or too weak to put up a fight.

If you dare to fight back, if you dare to criticize the powerful, this sort of thing might happen. Some courageous citizen annoyed Florida Governor Rick Scott and he did this. By the way, has Experian or any of the other credit rating agencies ascertained that Governor Scott is not actually Bat Boy?

Why do rich people have such contempt for the poor? Maybe they have a warped view of reality. Maybe they think money grows on trees and some people are just too dumb and lazy to pick the fruit. Because for rich people money does grow on trees. For the rest of us that is just an expression. Evonomics takes a look at the perpetual money machine rich people live off of.

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