Tuesday, October 11, 2011

Poverty of the Business Variety

The business world today is pretty cutthroat. No one's afraid to get their hands dirty for a little bit of money. A prime example of this is all of those businesses that take advantage of the unfortunate for their own gain. For example, an individual who may seem to be in a bad place financially could walk into a banking corporation trying to find a way to make their situation better. What some of these companies do is gather as much information about that individuals finances as possible, and come up with a plan to allow that company to get the highest amount of money they can out of that person without completely running them into the ground. While they're still decent enough to take their other financial needs into consideration, the amount of wiggle room they give the individual is very ephemeral if not non-existent.

Although this technique is not particularly illegal, I find it to be quite immoral. These businesses are doing absolutely no good for the society. How are the poor supposed to move up in the world when all these businesses are taking complete advantage of them and making their situation even worse? I mean, of course it falls under the consumer to pay more attention to detail and read in between the lines, but if you were in a financial pickle, and someone offered a quick way out with just a few stipulations, you'd be thrilled to take it. 

What those people may not know though, is that those stipulations will most likely make you worse off than you were before. Even more so if you're poor to begin with. Just because these people are desperate for a quick buck, that doesn't make it okay to quickly take advantage of them, which is what these businesses are doing. I understand that everyone needs to make a living, but there’s always a moral line, and these companies have no problem crossing it and then some.

1 comment:

  1. very interesting blog. its great, I would encourage you to continue to double check your work, great job sir!

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