On the Defense of Parasitic Finance

[Michael Pugliese]

DH:
Finance doesn't really neglect the poor, either. Most poor
neighborhoods are filled with check cashing joints, payday loan
houses, and rent-to-own schemers.

mbs:  Oy.  This sort of non-neglect bespeaks the
need for vast improvement.

Aren't alot of those check cashing joints owned by big Wall St. concerns? I
think this book from Common Courage Press goes into this. Merchants of
Misery
How Corporate America Profits from Poverty

Edited by Michael Hudson
Introduction by Rep. Maxine Waters

Michael Pugliese
P.S. Doug, think your friend Bob Fitch might have some thoughts on this
thread? I remember in the early 70's in Socialist Revolution a debate
between Fitch, Oppenheimer, Jim O'Connor and Paul Sweezy on Bank Control of
U.S. Corps.