DiscoverNPR's Book of the DayTwo nonfiction books take critical views of bankruptcy and microlending systems
Two nonfiction books take critical views of bankruptcy and microlending systems

Two nonfiction books take critical views of bankruptcy and microlending systems

Update: 2024-11-221
Share

Description

Two nonfiction books question the efficacy of financial systems that are meant to help lift people out of poverty. In Unjust Debts, law professor Melissa Jacoby argues that bankruptcy in the United States exacerbates existing racial and economic inequalities. While filing for bankruptcy is supposed to offer individuals and families a fresh start, Jacoby suggests that the system often benefits corporations instead. In today's episode, she speaks with Here & Now's Deepa Fernandes about the favorable treatment afforded to corporations and possible strategies of reform. Then, journalist Mara Kardas-Nelson's We Are Not Able to Live in the Sky takes a critical look at microcredit through the stories of women borrowers in Sierra Leone. Microcredit was introduced in the 1970s as an anti-poverty measure and ultimately won its creator the Nobel Peace Prize. But in today's episode, Kardas-Nelson talks with NPR's Fernandes about the way these loans have kicked off vicious cycles of debt.

To listen to Book of the Day sponsor-free and support NPR's book coverage, sign up for Book of the Day+ at plus.npr.org/bookoftheday

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy
Comments 
In Channel
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Two nonfiction books take critical views of bankruptcy and microlending systems

Two nonfiction books take critical views of bankruptcy and microlending systems