4.6 • 32K Ratings
🗓️ 23 July 2020
⏱️ 40 minutes
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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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