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Freakonomics Radio

427. The Pros and Cons of Reparations

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 23 July 2020

⏱️ 40 minutes

🧾️ Download transcript

Summary

Most Americans agree that racial discrimination has been, and remains, a big problem. But that is where the agreement ends.

Transcript

Click on a timestamp to play from that location

0:00.0

Last week's episode, we started to pull on two threads that look quite different at first glance,

0:07.4

but if you pull hard enough, they can lead you to similar conclusions. The first story began with

0:12.3

the rise of women's soccer in England back in the 1920s. They attracted a crowd of 53,000 people,

0:20.2

which was a complete set-up crowd. And subsequently, a ban on women's soccer,

0:25.7

out of concern, it might cut into the men's game. I think if they hadn't been banned, women's

0:31.2

soccer today would be a global phenomenon. And whether something should be done to address this

0:36.8

ancient infraction. Well, I believe that the right artsy here is reparations. I think the soccer

0:43.8

authorities that grew rich with men's soccer should be diverting significant amount of their

0:50.6

resources into women's soccer. That was the soccer economist Stefan Shameinsky, who teaches

0:57.9

at the University of Michigan. Another economist, Derek Hamilton of Ohio State University,

1:02.9

argues in favor of reparations to address a much more complicated and painful economic disparity.

1:09.2

The racial wealth gap is such that the typical black family has about 10 cents on the dollar

1:16.9

as a typical white family. The origins of this black white wealth gap in America

1:21.6

clearly date back to slavery. But that history of racial disparity as it relates to wealth building

1:28.4

certainly didn't end with slavery. There was the homestead act. There was the GI build.

1:34.5

There was a system of sharecropping. There's a system of Jim Crow. There's a system of

1:41.0

redlining. It was government facilitated. And because government actions helped create the

1:46.9

wealth gap, Hamilton argues it's up to government to address it. Democrats in Congress have for a

1:52.6

few decades wanted to study and develop proposals for some kind of reparations. But what would reparations

1:58.7

look like? What form would they take? How much would they cost? Who would be eligible?

2:04.3

These are important questions that often get lost in the noise whenever the topic of reparations

2:08.9

comes up in the public sphere. The very word has become so loaded as to be reduced to a slogan

...

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