The Cycles of The Poverty Business

I feel that these companies are taking advantage of people living in poverty, even though there is an open market because people need money to pay rent and buy the essentials that they need to live. These companies prey on poverty stricken communities because the people in these communities don’t know any better or even know how the credit system works. So together with the publics limited understanding to the credit system, the media shows, and tells people in poverty that they need to live above what their needs actually are. When the truth is the system is setup to keep certain communities in poverty, so that they can keep making money off the same demographic. The fact that there are no set laws to keep these injustices from happening, this becomes more of a moral issue. These companies are exploiting the fact that communities in poverty don’t have access to certain resources, and these companies offer the services/resources without letting people know the pitfalls of the contract that they sign.    

This issue is hard for me to say who exactly should be responsible for alleviating problem like this. Personally I am bristled to know that these corporations are knowingly doing this to the poverty demographic, also at the same time they can’t really be held responsible for people ignorance or lack of interest of reading the fine print. On the other hand even if the common consumer does read over the fine print, there are words that common communities have had no experiences with, and will not recognize. In the end it will take efforts from the companies to explain the fine print in depth, for the government to reinstate economics in general education study, and people a like to expand their vocabulary to understand the outlines of these contracts to close the gap of this issue.