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The Dig

The Destruction of Black Wealth with Ryan Cooper

The Dig

Daniel Denvir

News, Politics

4.81.7K Ratings

🗓️ 9 December 2017

⏱️ 56 minutes

🧾️ Download transcript

Summary

Journalist @ryanlcooper talks about the new paper he wrote with @MattBruenig, founder of the @PplPolicyProj, a new left-wing think tank founded by Bruenig and funded by the people. Foreclosed: Destruction of Black Wealth During the Obama Presidency details how the Wall Street-induced foreclosure epidemic wiped out huge swaths of black wealth—and how Obama, the first black president, could have taken multiple actions to save most homes but did not. Check out the report http://peoplespolicyproject.org/wp-content/uploads/2017/12/Foreclosed.pdf and this article about it jacobinmag.com/2017/12/obama-foreclosure-crisis-wealth-inequality. Thanks to our supporters at Verso Books. Check out Radical Happiness: Moments of Collective Joy by Lynne Segal versobooks.com/books/2576-radical-happiness Support The Dig at Patreon.com/TheDig

Transcript

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0:00.0

This episode of The Dig is brought to you by our supporters on Patreon and by Verso Books,

0:06.4

which has loads of great left-wing titles, perfect for dig listeners like you.

0:12.9

One that you might like is Radical Happiness, Moments of Collective Joy, by Lynn Siegel.

0:19.5

Why are we so obsessed by the pursuit of happiness? With new

0:23.6

ways to measure contentment, we are told that we have a right to individual joy. But at what cost?

0:29.4

In an age of increasing individualism, we have never been more alone and miserable. But what if the

0:35.4

true nature of happiness can only be found in others?

0:39.3

In radical happiness, leading feminist thinker, Lynn Siegel, argues that we have lost the art of radical happiness, the art of transformative, collective joy.

0:50.3

She shows that it is only in the revolutionary potential of coming together that we can come to understand the powers of flourishing.

1:00.5

Radical happiness is a passionate call for the rediscovery of the political and emotional joy that emerge when we learn to share our lives together.

1:11.0

Radical happiness, moments of collective joy by Lynn Segal.

1:16.0

Out now from Verso Books.

1:26.6

Welcome to The Dig, a podcast from Jacobin magazine.

1:30.4

My name is Daniel Denver, and I'm broadcasting from Providence, Rhode Island.

1:35.4

The housing market collapse led to mass foreclosures and brought the global economy to its knees.

1:42.3

It inflicted widespread pain to most everyone, save for the bankers,

1:47.9

who, as Occupy Wall Street put it, got bailed out. The rest of us, paraphrasing the rest of that

1:55.4

chant, got sold out. But like most of capitalism's depredations, the crisis was not an equal opportunity disaster.

2:04.3

Mass foreclosures destroyed black wealth, much of it in home equity, to an excruciatingly disproportionate degree.

2:12.4

My guest today is Ryan Cooper, a national correspondent for the week where he covers politics, policy, and economics.

2:19.8

His writing has appeared in the Washington Post, the New Republic, and the nation.

2:24.5

And he just published a paper called Destruction of Black Wealth during the Obama presidency.

...

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