THE ECONOMICS OF POLICE BRUTALITY AND RACISM
The Hartmann Report
Thom Hartmann
4.5 • 1.3K Ratings
🗓️ 25 September 2020
⏱️ 58 minutes
🧾️ Download transcript
Summary
A major new study by Citigroup quantifies how much money the economy is losing due to anti-black discrimination. Economist Richard Wolff considers the real cost of racism in the United States.
Plus- Why don't cops have to carry insurance?.. And are the ethno-staters persuadable or will they fall in line with Trump's fascism?
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the Tom Harbin Program. |
| 0:16.4 | And welcome back, Tom Harbin here with you. |
| 0:19.0 | New study just came out from a city group, two of their economists, Dana Peterson and |
| 0:24.1 | Catherine Mann. |
| 0:25.7 | And what they found was that since the year 2000, the US gross domestic product, the US |
| 0:33.8 | GDP has lost $16 trillion, purely and exclusively as a result of anti-black discrimination in |
| 0:42.7 | the United States. |
| 0:43.7 | This is a quote from their study. |
| 0:45.3 | The analysis in the report that follows shows that if four key racial gaps for blacks, |
| 0:50.4 | Beijing's education, housing and investment had been closed 20 years ago, $16 trillion |
| 0:55.7 | could have been added to the US economy. |
| 0:57.9 | If the gaps were closed today, $5 trillion could be added to the US GDP over the next five |
| 1:03.4 | years. |
| 1:04.4 | On the line of this is Professor Richard Wolff, the economist, co-founder of Democracy |
| 1:07.4 | at Work author and numerous books, Democracy at Work.info, the website, and artiwoolfoot2fs.com. |
| 1:13.2 | And you can tweet him at Prof. Wolff, Professor Wolff, your thoughts on the economics of police |
| 1:17.8 | brutality and racism in the United States? |
| 1:20.5 | Well, you know, it's an old topic. |
| 1:22.8 | I'm very glad that the Citibank has produced that study that we've lost trillions of dollars |
| 1:29.2 | by the abusive treatment of the African-American community should not be very basic surprise |
| 1:36.5 | or news given what we all know and can see every day. |
| 1:41.4 | I have a complex reaction to the police. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Thom Hartmann, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Thom Hartmann and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.