Patreon Preview 144. Buy Now, Pay Later, Screw You

Published: March 13, 2022, 4:48 a.m.

b'We investigate the political economy of Buy Now, Pay Later companies. What are they, where did they come from, how do they work, why are they booming, and who is winning and losing? We focus our analysis on the big three BNPLs \\u2013 Klarna, Afterpay, Affirm \\u2013 each one a super decacorn company that has benefited immensely from debt fuelled spending during the pandemic. \\n\\nSome stuff we reference:\\n\\u2022\\u2022\\u2022 Would You Take Out a Loan for a Pair of Jeans? | Susie Cagle racked.com/2017/11/29/16710502/affirm-loan-shopping\\n\\u2022\\u2022\\u2022 Buying a new purse? This startup wants to help you pay for it \\u2014 but could also get you into debt. | Susie Cagle vox.com/platform/amp/the-goods/2019/1/14/18178772/afterpay-stores-installment-urban-outfitters\\n\\u2022\\u2022\\u2022 BNPLs: Businesses Needing Provided Legibility | Patrick McKenzie bam.kalzumeus.com/archive/buy-now-pay-later/\\n\\u2022\\u2022\\u2022 I Bought a Burrito From Chipotle in Four Easy Payments | Ryan Felton consumerreports.org/shopping-retail/the-downsides-of-expanding-buy-now-pay-later-plans-a2840564542/ \\n\\u2022\\u2022\\u2022 The Risks of Buy Now, Pay Later Programs | Penelope Wang consumerreports.org/shopping-retail/risks-of-buy-now-pay-later-programs-a1000664957/ \\n\\u2022\\u2022\\u2022 Predatory Inclusion and Education Debt: Rethinking the Racial Wealth Gap | Louise Seamster, Rapha\\xebl Charron-Ch\\xe9nier journals.sagepub.com/doi/10.1177/2329496516686620 \\n\\nSubscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills \\n\\nGrab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ \\n\\nHosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)'