Racial Iniquity Of America’s Mixed Economy

Another sobering elementary economic view:

With a free market incorporated into it, did you know America’s economy is centered on a mixed economy? However, despite any distinctions the U.S. economy may have among others around the world, it has essentially failed African Americans on many business fronts. Particularly in terms of generational wealth and acquiring riches in present-day times because said system is categorically tilted toward the prosperity of white people—and/or minority people that white people have furtively handpicked to be wealth-carrier liaisons within the strict confines of America’s wealth management ecosystem. The handpicked demographic, likely presumed inferior subcultures advantageously comprised of various genders and races, is allowed to accumulate and retain wealth either due to their obedient cognitive proclivities, their exceptional skills and talents, their educational achievements, their popularity among peer groups, perhaps sudden inheritances, or—literal idiots who somehow stumbled upon riches but can be controlled by threatening them with long prison sentences for detestable crimes they committed.

“From Reconstruction, to Jim Crow, to the present day, our economy has never worked fairly for Black Americans—or, really, for any American of color.” —Janet Yellen
“Yellen’s remarks were an acknowledgement that U.S. policymakers have established racially tilted rules for the economy, prohibiting intergenerational wealth transfers among Black Americans, among many other harms.” —Brookings Institution

Header Photo By: Delaney Turner on Unsplash