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January 16 - February 12, 2023
Contrary to how I was taught to think about economics, everybody wasn’t operating in their own rational economic self-interest. The majority of white Americans had voted for a worldview supported not by a different set of numbers than I had, but by a fundamentally different story about how the economy works; about race and government; about who belongs and who deserves; about how we got here and what the future holds. That story was more powerful than cold economic calculations. And it was exactly what was keeping us from having nice things—to the contrary, it had brought us Donald Trump.
In my gut, I’ve always known that laws are merely expressions of a society’s dominant beliefs. It’s the beliefs that must shift in order for outcomes to change.
It is progressive economic conventional wisdom that racism accelerates inequality for communities of color, but what if racism is actually driving inequality for everyone?