Microloans, also called microfinances. Very popular in developing countries in South Asia, and also the same thing that is responsible for the suicide epidemic of farmers in India. With high interest rates and fixed time-period constraints, they're the most cruel and fucked up things to ever exist, they're worse than indentured serfdom.
Microloans, also called microfinances. Very popular in developing countries in South Asia, and also the same thing that is responsible for the suicide epidemic of farmers in India. With high interest rates and fixed time-period constraints, they're the most cruel and fucked up things to ever exist, they're worse than indentured serfdom.
To be fair, usury is much older plague than capitalism, but it's been one of capitalism roots, and capitalism cranked it up incredibly.