As economies across the world have come crashing down due to the coronavirus, Indian consumers are suffering from suppressed wages, mass lay-offs, and reduced economic activity. Yet, while the entire country’s economy has been turned upside down, one sector of the market has silently exploded: Instant loan suppliers, lending money to Indian workers who desperately need the funds to pay off critical bills. These lenders, however, charge gigantic interest rates which enable them to profit off of the backs of economically insecure workers.
On the Instagram page “Bird Graveyards” one can find pictures and videos of shareable electric scooters being set on fire, thrown into the ocean, and being destroyed in any way imaginable. While it’s easy to laugh at these posts and go on about our lives, the short lifespan of these scooters begs the question: are they worth it?
We all know that our relationships with family, friends, and coworkers are important…but when was the last time you thought about where you stand in terms of your relationship with money?