Predatory Lending exploits Lower Classes from "summary" of Theory of the Leisure Class by Thorstein Veblen
The practice of lending money at exorbitant rates to individuals of lower social standing is a manifestation of the parasitic relationship that exists between the leisure class and the lower classes. Predatory lending preys upon the economic vulnerability of the lower classes, extracting wealth from those who can least afford it. This form of exploitation is not only morally reprehensible but also economically inefficient, as it diverts resources away from productive endeavors towards the enrichment of a parasitic elite. The leisure class, by virtue of its privileged position in society, is able to dictate terms to those beneath it. Through the mechanism of predatory lending, the leisure class is able to extract wealth from the lower classes without contributing anything of value in return. This parasitic relationship serves to perpetuate the unequal distribution of wealth and power in society, further entrenching the dominance of the leisure class over the lower ...
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