The Cash Cows of Personal Debt: The Credit Card Industry and Predatory Capitalism

By Charles Sullivan

The booming credit card business is one of the most profitable and destructive industries to ever emerge from the inventive capitalist mind. Citibank is raking in more money than Microsoft and Wal-Mart. Obscene profits are realized without lifting a finger to perform any physical work. In 2004 a single credit card company—the MBNA—realized 1.5 times the profits of fast food industry giant McDonald’s. Collecting on credit card debt is a very lucrative business.

//www.informationclearinghouse.info/article15910.htm



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