One thing to notice about how capitalist ethics works is that they pretend that rich people who absolutely are profiting from the exploitation of workers and oppressed people (which is where profit comes from to begin with) can be made morally good if they do it less directly to keep their own hands clean.
Invest in a firm that invests in a company that shoots workers who try to strike. Invest in a firm that invests in a company of literal mercenary war criminals. Donate to a PAC to donate to a politician that ensures rich people’s interests are upheld. Ignore where resources and supply chains come from but keep profiting from them.
None of that is actually better than doing it yourself. This attempt to eliminate responsibility by spreading it out more among their class is rich people bullshit that people should stop accepting.
Investments are not the opposite of responsibility for exploitation, they’re a mechanism for managing the system. It’s about divvying up the profits from exploiting workers and oppressed people between the ruling class. It’s not a neutral activity when it comes to systems of exploitation, it’s a piece of how they maintain operation.
If you live with consumer debt, you are not alone. According to U.S. Federal Reserve data U.S. households have on average $15,863 in credit card debt and $33,090 in student loans. The upside to the personal debt crisis is that there are tried and true methods for getting rid of it. Here is a step-by-step guide to getting out of debt, once and for all:
1) Get real and collect statements for each and every one of your debts.
2) Get your free Credit.com credit report to double-check the accuracy of your debts, including notes of missed payments and credit limits.
3) Create a list of all your debt, including interest rates, monthly minimum payments and any deadlines.
4) Create a monthly budget, and figure out how much you can afford to pay towards your debt.
5) Research lower rates. Depending on your credit score, you may qualify for credit cards with lower rates.
6) Call the holder of any outstanding medical bills and negotiate.
7) If you’re totally overwhelmed with this process, or truly believe that you cannot dig out of debt on your current income, get professional advice.
By the end of 2015, billionaire investor John Paulson will have plowed $1.5 billion into real estate investments on Puerto Rico, according to government officials. Among the properties in his portfolio: glitzy oceanfront hotels like the St. Regis Bahia Beach Resort (pictured above) and historic Condado Vanderbilt. Read more >
Actor Ashton Kutcher became iconic playing vapid pretty boys. But along with Madonna manager Guy Oseary, he’s been backed by some of the world’s best-known billionaires (Ron Burkle, Eric Schmidt, Mark Cuban, David Geffen, Marc Benioff). And he’s helped fund some of the greatest tech deals ever (Uber, Airbnb, Skype, Pinterest, Spotify). After turning $30 million into a quarter-billion, he’s going bigger–and crafting one of the most unusual stories in modern money management.
What To Do At The End Of The Student Loan Grace Period
With November quickly approaching, many student loan borrowers are suddenly realizing that their grace periods are about to end. Soon, they’ll have to start making payments on the student loans that they took out over the last few years.