We all know that capitalism is cannibalism.
Watching TV the other day (a daytime pop music programme on some freeview channel aimed, I'm guessing, at 16-24 year olds) I noticed that there were 'payday loans' being advertised that charged an APR of 5500%. I think the popular journalistic cliche for such rates is 'eyewatering'.
Reading a bit more about the subject of debt and loans I was astonished to read that an APR of 5500% is actually quite generous.
If you were a customer of Santander (who made a £3 bn profit in 2010) and you happened to be £100 over your agreed overdraft limit for 28 days you would have to repay £200.
That equates to an APR of 819,100%.
It is, to quote Hamlet, a fucking rotten business.
Throw out the Argos catalogue.