Week of December 30, 2019

A few things of note from around the Internet this week: CapitalOneism I suspect that a lot of people harbor some sort of denial of the harm being done as a result of their job. This is just a particularly egregious example. The real question, of course, isn’t whether a credit card with a 27 percent interest rate and a $39 late fee is better than a payday loan. It’s whether Capital One’s marketing campaigns push people into debt who would have otherwise avoided it; whether it is actually in a person’s best interest, desperate though they may be, to borrow money at an exorbitant rate; and whether this enterprise is ethically defensible—in particular, for the decent, hard-working employees who toil every day to make Capital One’s mercenary strategy a reality.

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