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Shortchanged by Howard Karger

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197

Qui non improbat, aprobat.(Who does not blame, approves.)

11What Can Be Done to Control the Fringe Economy?

What was once a loose medley of family-owned pawnshops, used-car lots, neighborhood lenders, and small-time real estate speculators has evolved into an industry dominated by large corporations with revenues in the billions. Despite staking out different sectors of the fringe economy, all fringe businesses share a common goal: to extract the maximum amount of money possible from each customer.198

Fringe businesses are connected to each other by their predatory relationship to consumers and communities. Specifically, in the fringe economy, customers make interest payments but receive no benefit from them. I know of no transaction in ...

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