Mehrsa Бардаран, "Другая Половина Банков", исследует, как несправедливость в кредитовании вызывает растущий интерес к проблемам социального неравенства в США. Она обращает внимание на то, что значительная часть населения остается без банковского обслуживания и вынуждена обращаться к нелегальным финансовым услугам, чтобы справиться с финансовыми трудностями и покрыть необходимые расходы.
Книга поддерживает идеи о важности пересмотра финансовой политики США, которую она называет "диким Западом" для финансовых услуг. Автор предполагает, что можно мобилизовать финансовые возможности Почтовой службы США в качестве средства для уравнивания возможностей финансовых услуг для всего населения США путем восстановления исторической роли Почтовой службы в данной области.
In this important and controversial book, Baradaran argues that the current two-tier American banking system perpetuates economic inequality. Few of us are currently aware that a sizable portion of our country's population lacks access to decent, sustainable credit options. Shunning those who rely on the shady services like payday lending and check cashing, many banks are catering to wealthier demographics at the expense of the lower-income and often too broke or irresponsible to avoid trouble. Rather than raising the bar on sobriety as demanded by traditional financial institutions, exorbitant fees and blocked opportunities mean these "fringe lenders" remain the only choice for many American families financially struggling to make ends meet. For Baradaran, the solution is to enlist the ubiquitous Postal Service - still operated fully as envisioned by the Uncle Sam creatively envisioned in Benjamin Franklin's foundational 1775 Guide - to increasingly rescue household and business financial hardship from the underworld concessions made possible by deregulated commercial banking practices. Baradaran is boldly calling for a reimplantation of a government-run public good, embodied not only by the Postal Service, but also in smaller, community-owned and managed cooperatives and mutual-aid schemes.
Аудиокнига «How the Other Half Banks» написана автором Mehrsa Baradaran в году.
Минимальный возраст читателя: 0
Язык: Английский
ISBN: 9781504743860
Описание книги от Mehrsa Baradaran
The United States has two separate banking systems todayone serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessitiesall thanks to deregulation that began in the 1970s and continues decades later.In an age of corporate megabanks with trillions of dollars in assets, it is easy to forget that America's banking system was originally created as a public service. Banks have always relied on credit from the federal government, provided on favorable terms so that they could issue low-interest loans. But as banks grew in size and political influence, they shed their social contract with the American people, demanding to be treated as a private industry free from any public-serving responsibility. They abandoned less profitable, low-income customers in favor of wealthier clients and high-yield investments. Fringe lenders stepped in to fill the void. This two-tier banking system has become even more unequal since the 2008 financial crisis.Baradaran proposes a solution: reenlisting the US Post Office in its historic function of providing bank services. The post office played an important but largely forgotten role in the creation of American democracy, and it could be deployed again to level the field of financial opportunity.
