Quote: Durham Giant "Most of them are parasites who screw ordinary people to make money. That is called Capitalism.'"
Actually, it isn't. It is abuse of capitalism. And my view of the real parasites is probably at least as strong as yours. In fact, if I was dictator I would have cheerfully flung numerous "investment bankers" and other banking directors who lent such huge sums so irresponsibly into the deepest darkest jail I could find, and put them on trial for high treason. In loathing those who so badly abuse capitalism for their own ends, I bow to no-one.
Same way as what we saw throughout the so-called "communist" world was not socialism or communism (Marx and Engels must have surely turned in their graves at the evils that were being perpetrated in their names) but abuse of those philosophies.
In both cases, what we actiually saw and see were and are not serious faults with the underlying philosophies or systems, but abuses of those philosophies and systems by a nasty unpleasant minority. We saw and see the worst side of human nature. Which, funnily enough, was a key point Thatcher seemed to be making in that much (deliberately?) -misunderstood interview.
But this all belongs on that democratic and open-minded forum known as the Sin Bin, where anyone dissenting from the party line is mercilessly derided and belittled. Indeed, by people whose response to anyone who holds a contrary view to the party line would typically be to call them, e.g. "idiotic".
As you have done on here, in fact.
Back to your specific examples. Out of interest, how many of the " poor , vulnerable and desperate" you refer to are in that situation because of spending more than they should or can afford on drink, fags and betting? If you believe such people should be "protected" from taking out loans at very high interest rates that they cannot repay, would you also not agree that such people should also be "protected" from spending too much of what money they DO have on drink, fags and betting? To prevent them having to resort to doorstep lenders in the first place? And if not, why not? Since surely it would be preferable to tackle the causes of their situation not the symptoms? Even if it meant a state that Orwell would have recognised?
Alternatively, if you believe people should be free to make their own choices about how they conduct their lives, and not be prevented from spending money on things that they cannot afford or are not good for them, how can you then seek to prevent them from availing themselves of the services of those who may provide means for them to do just that?
Those on here and elsewhere who have said they have used payday loans responsibly and only at need, and in full knowledge of what they were doing and taking on, would seem to validate the "free will" approach? And to be talking a load of common sense?
It is not a question of "scale" at all. It is a question of causes and symptoms. And people taking responsibility for their actions. And you would seek to treat the symptoms not the causes, from what you say. And maybe prevent people from having responsibility for their actions. What next? A Telescreen in every living room, everyone to use only NewSpeak, and Room 101 for anyone who dares to exercise free will?
And anyway, if the likes of you succeeded in getting the likes of Provident shut down, all you would have done is remove the long-established, regulated and legitimate supply-side. Demand would remain undiminished, so the unregulated, loan-shark illegal supply-side would expand to fill the vacuum. THEN you would REALLY see the impact on the "poor, vulnerable and desperate".