On diabolical 'buy now, pay later' companies, it's worth mentioning that Klarna's business *alone* made Sweden create a law against their practices because they made money off casting young people into long–term damaging economical debt. This affected an unprecedented number of youths who couldn't pay their debts back in time.

'The best customer is the one that doesn't pay at once, but gets a reminder and then a debt collection claim.'

—Niklas Adalberth, Klarna founder, at an investment conference in 2014.

I've written more about Klarna: https://pivic.blog/blog/klarna-pays/

Ministers launch long-awaited consultation on buy now, pay later firms https://www.theguardian.com/business/2023/feb/13/ministers-launch-long-awaited-consultation-on-buy-now-pay-later-firms

#klarna #BNPL #capitalism #sweden #abuse #NiklasAdalberth #SebastianSiemiatkowski

📬Lesetipps: Pfändungen bei Amazon, Hacker vs. Behörden und NGOs📬 https://tarnkappe.info/lesetipps-pfaendungen-bei-amazon-hacker-vs-behoerden-und-ngos/ #SebastianSiemiatkowski #JackRhysider #Datenschutz #FredrikNeij #PeterSunde #Lesetipps #BradSmith #TomBurt #Klarna