The Color of Money

The Color of Money
Title The Color of Money PDF eBook
Author Mehrsa Baradaran
Publisher Harvard University Press
Pages 382
Release 2017-09-14
Genre Business & Economics
ISBN 0674970950

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“Read this book. It explains so much about the moment...Beautiful, heartbreaking work.” —Ta-Nehisi Coates “A deep accounting of how America got to a point where a median white family has 13 times more wealth than the median black family.” —The Atlantic “Extraordinary...Baradaran focuses on a part of the American story that’s often ignored: the way African Americans were locked out of the financial engines that create wealth in America.” —Ezra Klein When the Emancipation Proclamation was signed in 1863, the black community owned less than 1 percent of the total wealth in America. More than 150 years later, that number has barely budged. The Color of Money seeks to explain the stubborn persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. With the civil rights movement in full swing, President Nixon promoted “black capitalism,” a plan to support black banks and minority-owned businesses. But the catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. In this timely and eye-opening account, Baradaran challenges the long-standing belief that black communities could ever really hope to accumulate wealth in a segregated economy. “Black capitalism has not improved the economic lives of black people, and Baradaran deftly explains the reasons why.” —Los Angeles Review of Books “A must read for anyone interested in closing America’s racial wealth gap.” —Black Perspectives


Title Disillusioned PDF eBook
Author Benjamin Herold
Publisher Penguin
Pages 497
Release 2024-01-23
Genre Political Science
ISBN 0593298195

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"Astonishingly important.” —Alex Kotlowitz, The Atlantic Through the stories of five American families, a masterful and timely exploration of how hope, history, and racial denial collide in the suburbs and their schools Outside Atlanta, a middle-class Black family faces off with a school system seemingly bent on punishing their teenage son. North of Dallas, a conservative white family relocates to an affluent suburban enclave, but can’t escape the changes sweeping the country. On Chicago’s North Shore, a multiracial mom joins an ultraprogressive challenge to the town’s liberal status quo. In Compton, California, whose suburban roots are now barely recognizable, undocumented Hispanic parents place their gifted son’s future in the hands of educators at a remarkable elementary school. And outside Pittsburgh, a Black mother moves to the same street where author Benjamin Herold grew up, then confronts the destructive legacy left behind by white families like his. Disillusioned braids these human stories together with penetrating local and national history to reveal a vicious cycle undermining the dreams upon which American suburbia was built. For generations, upwardly mobile white families have extracted opportunity from the nation’s heavily subsidized suburbs, then moved on before the bills for maintenance and repair came due, leaving the mostly Black and Brown families who followed to clean up the ensuing mess. But now, sweeping demographic shifts and the dawning realization that endless expansion is no longer feasible are disrupting this pattern, forcing everyday families to confront a truth their communities were designed to avoid: The suburban lifestyle dream is a Ponzi scheme whose unraveling threatens us all. How do we come to terms with this troubled history? How do we build a future in which all children can thrive? Drawing upon his decorated career as an education journalist, Herold explores these pressing debates with expertise and perspective. Then, alongside Bethany Smith—the mother from his old neighborhood, who contributes a powerful epilogue to the book—he offers a hopeful path toward renewal. The result is nothing short of a journalistic masterpiece.

White Space, Black Hood

White Space, Black Hood
Title White Space, Black Hood PDF eBook
Author Sheryll Cashin
Publisher Beacon Press
Pages 322
Release 2021-09-14
Genre Social Science
ISBN 0807000299

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A 2021 C. Wright Mills Award Finalist Shows how government created “ghettos” and affluent white space and entrenched a system of American residential caste that is the linchpin of US inequality—and issues a call for abolition. The iconic Black hood, like slavery and Jim Crow, is a peculiar American institution animated by the ideology of white supremacy. Politicians and people of all colors propagated “ghetto” myths to justify racist policies that concentrated poverty in the hood and created high-opportunity white spaces. In White Space, Black Hood, Sheryll Cashin traces the history of anti-Black residential caste—boundary maintenance, opportunity hoarding, and stereotype-driven surveillance—and unpacks its current legacy so we can begin the work to dismantle the structures and policies that undermine Black lives. Drawing on nearly 2 decades of research in cities including Baltimore, St. Louis, Chicago, New York, and Cleveland, Cashin traces the processes of residential caste as it relates to housing, policing, schools, and transportation. She contends that geography is now central to American caste. Poverty-free havens and poverty-dense hoods would not exist if the state had not designed, constructed, and maintained this physical racial order. Cashin calls for abolition of these state-sanctioned processes. The ultimate goal is to change the lens through which society sees residents of poor Black neighborhoods from presumed thug to presumed citizen, and to transform the relationship of the state with these neighborhoods from punitive to caring. She calls for investment in a new infrastructure of opportunity in poor Black neighborhoods, including richly resourced schools and neighborhood centers, public transit, Peacemaker Fellowships, universal basic incomes, housing choice vouchers for residents, and mandatory inclusive housing elsewhere. Deeply researched and sharply written, White Space, Black Hood is a call to action for repairing what white supremacy still breaks. Includes historical photos, maps, and charts that illuminate the history of residential segregation as an institution and a tactic of racial oppression.


Title Homesick PDF eBook
Author Brendan O'Brien
Publisher Chicago Review Press
Pages 353
Release 2023-09-19
Genre History
ISBN 1641609710

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Nobody who sits in traffic on Sedona, Arizona's main stretch or stands shoulder-to-shoulder in its many souvenir shops would call it a ghost town. Neither would anyone renting a room for $2,000 a month or buying a house for a half-million dollars. And yet the people who built this small town and made it a community are being pushed further and further out. Their home is being sold out from under their feet. In studying the impact of short-term rentals, Brendan O'Brien saw something similar happening in places ranging from Bend, Oregon, to Bar Harbor, Maine. But it isn't just short-term rentals, and it's not just tourism towns. Neighborhoods in Austin and Atlanta have become rows of investment properties. Longtime residents in Spokane and Boston have been replaced by new, high-salaried remote workers. Across the country, a level of unaffordable housing that once seemed unique to global cities like New York and San Francisco has become the norm, with nearly a third of all US households considered housing cost burdened. This situation has been abetted by the direct actions of developers, politicians, and existing homeowners who have sought to drive up the cost of housing. But it's mostly happened due to a society-wide refusal to see housing as anything more than real estate, another product available to the highest bidder. This trend of putting local housing on a global market has worsened in recent years but is nothing new. Housing in the United States has always been marred by racial and income inequality that mocks the country's highest ideals. Deeply researched and deeply felt, Homesick argues that we can be so much better. And we can start where we live.

The Arsenal of Exclusion & Inclusion

The Arsenal of Exclusion & Inclusion
Title The Arsenal of Exclusion & Inclusion PDF eBook
Author Interboro Partners
Publisher Actar D, Inc.
Pages 461
Release 2021-06-28
Genre Architecture
ISBN 1638409625

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With contributions from over fifty architects, planners, geographers, historians, and journalists, The Arsenal offers a wide-ranging view of the forces that shape our cities. Who gets to be where? The Arsenal of Exclusion & Inclusion examines some of the policies, practices, and physical artifacts that have been used by planners, policymakers, developers, real estate brokers, community activists, and other urban actors in the United States to draw, erase, or redraw the lines that divide. The Arsenal inventories these weapons of exclusion and inclusion, describes how they have been used, and speculates about how they might be deployed (or retired) for the sake of more open cities in which more people have access to more places. With contributions from over fifty architects, planners, geographers, historians, and journalists, The Arsenal offers a wide-ranging view of the forces that shape our cities. With contributions from some of the best minds in architecture, such as Julie Behrens, Bill Bishop, Lisa Brawley, Ava Bromberg, Marshall Brown, Common Room, Charles Connerly, Nathan Connolly, Margaret Crawford, Alexander D'Hooghe, Elizabeth Evitts Dickenson, David Freund, Gerald Frug, Vincent James, Jeffrey Johnson, Michael Kubo, Kaja Kuhl, Matthew Lassiter, Amy Lavine, Setha Low, Thomas Oles, Michael Piper, Wendy Plotkin, Jenny Polak, Albert Pope, Mathan Ratinam, Brian Ripel, James Rojas, Theresa Schwarz, Roger Sherman, Susan Sloan, Lior Strahilevitz, Meredith TenHoor, William TenHoor, Thumb Projects (Graphic Design), Stephen Walker and Jennifer Yoos, among others. This publication won a Graham Foundation Grant

Ending Extreme Inequality

Ending Extreme Inequality
Title Ending Extreme Inequality PDF eBook
Author Scott Myers-Lipton
Publisher Routledge
Pages 198
Release 2015-11-17
Genre Social Science
ISBN 131726052X

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Poverty and inequality are at record levels. Today, forty-seven million Americans live in poverty, while the median is in decline. The top 20 percent now controls 89 percent of all wealth. These conditions have renewed demands for a new economic Bill of Rights, an idea proposed by F. D. Roosevelt, Truman and Martin Luther King, Jr. The new Economic Bill of Rights has a coherent plan and proclaims that all Americans have the right to a job, a living wage, a decent home, adequate medical care, good education, and adequate protection from economic fears of unemployment, sickness and old age. Integrating the latest economic and social data, Ending Extreme Inequality explores each of these rights. Each chapter includes: an analysis of the social problems surrounding each right; a historical overview of the attempts to right these wrongs; and assessments of current solutions offered by citizens, community groups and politicians. These contemporary, real-life solutions to inequality can inspire students and citizens to become involved and open pathways toward a more just society.

America’s New Racial Battle Lines

America’s New Racial Battle Lines
Title America’s New Racial Battle Lines PDF eBook
Author Rogers M. Smith
Publisher University of Chicago Press
Pages 457
Release 2024-05-02
Genre Political Science
ISBN 0226834034

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A sobering portrait of the United States’ divided racial politics. For nearly two decades, Rogers M. Smith and Desmond King have charted the shifting racial policy alliances that have shaped American politics across different eras. In America’s New Racial Battle Lines, they show that US racial policy debates are undergoing fundamental change. Disputes over colorblind versus race-conscious policies have given way to new lines of conflict. Today’s conservatives promise to protect traditionalist, predominantly white, Christian Americans against what they call the “radical” Left. Meanwhile, today’s progressives seek not just to integrate American institutions but to more fully transform and “repair” pervasive systemic racism. Drawing on interviews with activists, surveys, social network analyses, and comprehensive reviews of federal, state, and local policies and advocacy groups, Smith and King map the memberships and goals of two rival racial policy alliances and delineate the contrasting stories each side tells. They also show that these increasingly polarized racial policy alliances are substantially funded on both the Left and Right. Placing today’s conflicts in theoretical and historical perspectives, Smith and King analyze where these intensifying clashes may take the nation in the years ahead. They highlight the great potential for mounting violence, as well as the remaining possibilities for finding common ground.