Exploitation

Tech Boom Fueled By 40,000 Congolese Child Miners

April 9, 2016 Educate! Children, Congo, Exploitation, Labor, Technology

By Mnar Muhawesh for Mint Press News - MINNEAPOLIS — A recent Amnesty International report sounded the alarm on a “blood mineral” mined by Congolese children as young as seven and used in rechargeable lithium-ion batteries found in laptops, smartphones and even electric cars. The mineral is cobalt, and more than half of the world’s supply comes from the Democratic Republic of Congo, including at least 20 percent which is mined by so-called “artisanal miners” in the southern part of the country. The report, titled “This Is What We Die For,” explains the conditions these miners work in...

The Age Of The Demagogues

December 1, 2015 Chris Hedges, www.truthdig.com Educate! Capitalism, Class war, Exploitation

By Chris Hedges for Truth Dig - The increase in nihilistic violence such as school shootings and Friday’s lethal assault on a Planned Parenthood clinic, the frequent executions of poor people of color by police, and the rise of thuggish demagogues such as Donald Trump are symptoms of the collapse of our political and cultural institutions. These institutions, which once made possible piecemeal and incremental reform, which sought to protect the weak from the tyranny of the majority and give them a voice, acted as a safety valve to ameliorate the excesses of capitalism and address the grievances of the underclass.

U.S. Must End Predatory Payday Loans, Create “Public Option” Banking

June 29, 2015 Ira B Dember, www.occupy.com Create! Banking, Exploitation, Poverty

By Ira B Dember in Occupy - In March, the Consumer Financial Protection Bureau proposed rules to crack down on predatory payday lenders. These rules would prevent many payday lending abuses and give consumers a way out of lenders’ debt trap. Under the CFPB’s new rules, borrowers would first have to show they could cover their basic living expenses while repaying loans. Lenders could skip "means testing" and instead limit each person’s total borrowing to $500 – with a single finance charge and no repeated charges. Gone would be auto title loans: if you can’t repay, lenders can't grab your car. (Workers often lose their jobs when they lose their wheels, a "death spiral" that spreads personal and financial chaos.) A couple of months after the CFPB published its proposed rules, TheHill.com reported financial industry blowback.

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