Tuesday, October 11, 2011

Blog Post #5: Reflection on "The Poverty Business"

The companies who prey on people, or families who are living in dilapidated homes make situations worse by cheating them with the sneaky deals that they sell. There were times where salesmen wouldn't even give someone in a bad living/income position, the time to ask a simple question. However, with the annual debt rising, they realize that selling to them can benefit them because they know that families need these necessary luxuries to get ahead and get by. Families or individuals who have dreams and hopes to get out of the environment that they are in, or even getting out of the class system they're placed in, won't be able to get to that point because of lucrative salesmen, who are now aware of their situation.

I honestly feel that the more that these salesmen keep selling and succeeding in it, they will reap what they sow. I learned in my Economics class years ago that if a teen walks into a store, and then walks out with something that they did not pay for, every single person in the world eventually is paying for it. It would be due to the price of the item sold, the cost of the wrapping of the item, the cost of the shipping, the labor done in the factories, the investment in that company from various sponsors/people, the creator's pocket money from trials and errors, and the profit that they potentially lost because that item was stolen.

I also feel that the person or people responsible for fixing this sale/debt problem would be the run-down companies who prey on helpless families. They feel that their only profits would come from people who need it, but cannot afford it. However, I am pretty sure that they get bigger profits, and recurring customers based from their wealthy clients. It is not fair to the lower class system, and does not help the economy, as a whole, move forward. I also feel that individuals are a fault, sometimes, because they should read the fine print before signing anything.

1 comment:

  1. Good blog again, just a bit of rambling but otherwise I like it. Great example of how you demonstrated the true cost of items when stolen and wish you elaborated on it more.

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