Mar. 8, 2019
Continuing My Journey Barriers and Walls Built To Exclude Black Wealth
Today's reading The Blackman Who Reads Aloud continue to investigate the essential elements of the economic disparities that exist in the United States requiring that some substantial degree of economic reparations be compensated to Americans of African Descent. The issue isn't why reparations should be rendered the issue is how much reparations are needed that will make our black communities whole
My reading today comes from an article written by a white voice, Larry Adelman, who defines the economic historical advantages of whiteness. In the article he makes a strong case for the compensation to black Americans and economic reparations.
Larry Adelman is executive producer of RACE - The Power of an Illusion and co-director of California Newsreel
One result of the generations of preferential treatment for whites is that a typical white family today has on average eight times the assets, or net worth, of a typical African American family, according to New York University economist Edward Wolff. Even when families of the same income are compared, white families have more than twice the wealth of Black families. Much of that wealth difference can be attributed to the value of one's home, and how much one inherited from parents.