Two nonfiction books question the efficacy of financial systems that are meant to help lift people out of poverty. In Unjust Debts, law professor Melissa Jacoby argues that bankruptcy in the United States exacerbates existing racial and economic inequalities. While filing for bankruptcy is supposed to offer individuals and families a fresh start, Jacoby suggests that the system often benefits corporations instead. In today's episode, she speaks with Here & Now's Deepa Fernandes about the favorable treatment afforded to corporations and possible strategies of reform. Then, journalist Mara Kardas-Nelson's We Are Not Able to Live in the Sky takes a critical look at microcredit through the stories of women borrowers in Sierra Leone. Microcredit was introduced in the 1970s as an anti-poverty measure and ultimately won its creator the Nobel Peace Prize. But in today's episode, Kardas-Nelson talks with NPR's Fernandes about the way these loans have kicked off vicious cycles of debt.

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