Darwin8u’s Reviews > The Color of Money: Black Banks and the Racial Wealth Gap > Status Update
Darwin8u
is on page 69 of 371
Done with Chapter 2:
"This is a story of economics, politics, and laws that sowed the seeds of injustice into the soil of the American economy. The weeds that grew from it did not need to be fed with racism. It used the materials available -- commerce, credit, money, and segregation -- to regenerate inequality."
— Sep 18, 2017 12:03PM
"This is a story of economics, politics, and laws that sowed the seeds of injustice into the soil of the American economy. The weeds that grew from it did not need to be fed with racism. It used the materials available -- commerce, credit, money, and segregation -- to regenerate inequality."
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Darwin8u’s Previous Updates
Darwin8u
is on page 247 of 371
Done with Chapter 7:
"With the firmly established myth that equality had been achieved, black poverty and crime could only be explained as a sign of moral failure, and the only acceptable response to the failure to rise out of the ghetto was *tough* love and forceful containment."
— Sep 25, 2017 12:07PM
"With the firmly established myth that equality had been achieved, black poverty and crime could only be explained as a sign of moral failure, and the only acceptable response to the failure to rise out of the ghetto was *tough* love and forceful containment."
Darwin8u
is on page 215 of 371
Done with Chapter 6
"there is no question of 'pulling ourselves up by the bootstraps.' We have no bootstraps." - Robert S. Browne, quoted
— Sep 23, 2017 10:58AM
"there is no question of 'pulling ourselves up by the bootstraps.' We have no bootstraps." - Robert S. Browne, quoted
Darwin8u
is on page 164 of 371
Done with Chapter 5
"Due to the triple forces of racism, poverty, and segregation, ghetto residents were not offered credit cards or consumer loans from banks."
— Sep 21, 2017 06:03PM
"Due to the triple forces of racism, poverty, and segregation, ghetto residents were not offered credit cards or consumer loans from banks."
Darwin8u
is on page 134 of 371
"In the parlance of the later battles for school integration, not only was it impossible for black banking to be separate and equal, they could not even be separate and profitable. Three specific features of the black condition impeded even the strongest black banks in the pre-Depression era from their central aim of wealth accumulation: poverty, housing segregation, & the centripetal pull of the money multiplier..."
— Sep 19, 2017 01:54PM
