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For those who watched the UK and its Brexit antics in a bemused and ultimately, agitated gaze, the piece by Martyn B on Dec 13th has the smell of truth and looks behind the brouhaha. Worth looking at again. I think you can’t read too much about politics and what drives the English-speaking nations who are among the statistically wealthiest in the world.
https://thedailyblog.co.nz/2019/12/13/billionaires-who-funded-brexit-have-won-their-plutocracy-lessons-from-corbyns-implosion/
The plutocrats probably go into old age quite jaded – looking for new things to buy, the latest car, Lear jet, space walk, child prostitutes. It would be doing them a service to relieve them of their mainlining to riches when we know they are so bad for the mental health! Think about one of the famous ones – Howard Hughes.
This is a backgrounder to a movie about him called Rules Don’t Apply made 2016.
http://www.bbc.com/culture/story/20161205-was-howard-hughes-really-insane
The salvation Army is not always as cheap as it should be considering it is being given its goods for free. They have to pay rent, but often to the Church body (is it being run on ordinary business lines?). They also use the money to provide services to the poor, but need to keep costs down so they aren’t ‘taking from Peter to pay Paul’.
But this is Good News. They have a truck going around poor communities and people have an opportunity of buying stuff from them instead of the swingeing, rapacious-interest predators supplying to the suburbs.
I like this fact from this article about the Sallies venture – The Salvation Army is one of a number of social services lobbying government to introduce a maximum cap on interest rates lenders can charge.
https://www.rnz.co.nz/news/national/406417/salvation-army-truck-shop-scheme-the-good-shop-van-set-to-expand
This from July 2019. Ngā Tangata Microfinance’s Robert Choy called for a maximum interest cap of 30 per cent a year, which would apply to companies lending larger sums, combined with a total cost of credit for these lenders in the range of 50 per cent of the loan.
The Ministry of Business Innovation and Employment (MBIE) said the 100 per cent credit cap struck the best balance between protecting vulnerable people and not taking away what was sometimes their only financing option – and possibly sending them to illegal lenders.
What should be illegal has been made legal – what are laws for? Ridiculous.
https://www.stuff.co.nz/business/114522674/loan-shark-law-submitters-want-interest-rate-caps-and-truck-shops-banned
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