The Economics of Racism: Bootstraps, Black Banks and Redlining.

Unf*cking The Republic

UNFTR Media

Government, News, Politics

4.9 • 683 Ratings

🗓️ 7 August 2021

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

Progressives continually lose the debate on issues of institutional poverty, structural inequality and systemic racism because they’re loaded with history and meaning that require thinking. It’s a lot easier to say, “Make America Great Again,” “Free Markets,” or “America First.” This episode uncovers the economic side of systemic racism in the United States throughout history and how it led to the uncomfortable reality where Blacks in America have been locked out of every period of wealth accumulation by design. We ask and answer difficult questions that used to only be asked in polite company but have now become off-the-cuff talking points on the right. The show also challenges conventional economic wisdom within the Black community and draws a conclusion that can only be called “inevitable”: Reparations or Revolution.

Resources

Electronic Frontier Foundation - The FCC and States Must Ban Digital Redlining: eff.org/deeplinks/2021/01/fcc-and-states-must-ban-digital-redlining

CNET - The broadband gap's dirty secret: Redlining still exists in digital form: cnet.com/features/the-broadband-gaps-dirty-secret-redlining-still-exists-in-digital-form

NDIA - AT&T’s Digital Redlining Of Cleveland: digitalinclusion.org/blog/2017/03/10/atts-digital-redlining-of-cleveland

Public Knowledge - It’s 2021. Why is Redlining Still Happening?: publicknowledge.org/blog/its-2021-why-is-redlining-still-happening/

Bloomberg - Amazon Doesn’t Consider the Race of Its Customers. Should It?: bloomberg.com/graphics/2016-amazon-same-day

Book Love

Mehrsa Baradaran - The Color of Money: Black Banks and the Racial Wealth Gap: bookshop.org/a/23377/9780674237476

Richard Rothstein - The Color of Law: A Forgotten History of How Our Government Segregated America: bookshop.org/a/23377/9781631494536

Adam Jentleson - Kill Switch: The Rise of the Modern Senate and the Crippling of American Democracy: bookshop.org/a/23377/9781631497773

Jelani Cobb - The Essential Kerner Commission Report: bookshop.org/a/23377/9781631498923

Pod Love

Pitchfork Economics with Nick Hanauer: pitchforkeconomics.com

News Beat - Kerner Report 50 Years Later: America Is Even More ‘Separate & Unequal’: usnewsbeat.com/kerner-report-50-years-later

News Beat - Redlining & Climate Change: A Deadly Combination: usnewsbeat.com/redlining-climate-change-a-deadly-combination

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Unf*cking the Republic is produced and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Max and distributed by 99.

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Transcript

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0:00.0	Ady-ho on fuckers and sub-fuckers, on Canuckers and Down Under fuckers, Euro-Fuckers and other voyeurs from around the globe that enjoy tuning in to our American political peep show.
0:09.8	Hello to my man Cren, Pauline Down Under, Trick Up Yonder, Ishmiginty, and a Big Rig, R. Dixon andombo, Tommy Meyer, the Fox Barrow, not to be confused with Foxborough, Jason E. Starlottie and her buddy, Pennsylvania, Kalila, or is it Kalila, and UK Bailey. We love you too.
0:28.2	Well, and fuckers, I'm back from vacation and sufficiently riled up and ready to go with another deep dive into socioeconomic issues that plague our little republic. We have a packed agenda today, which is what happens
0:38.2	when I have a little too much time on my hands, sand in my toes and beer in my belly. This is a longer
0:43.3	preamble than usual because I have some catching up to do. The first is some pod love up top for a show
0:48.4	that I've mentioned before. I teased it a bit in a prior episode, but since then, I've added it to my regular feed. It's a show
0:54.2	called Pitchfork Economics with Nick Hanauer. What I like about it is that Nick is an actual
0:58.7	money-where-your-mouth-is kind of guy who made a ton of dough in his personal life, but fully
1:03.2	recognizes the inherent inequality of our system. He's an advocate for the $15 minimum wage,
1:08.4	a fierce critic of trickle-down economics, and a promoter of the middle
1:11.4	class. And he also has some pretty incredible guests, like Stephanie Kelton, whom you know I love,
1:16.0	Joseph Stiglitz, Naomi Klein, Pramila Jayapal, Nick does a great job of contextualizing
1:20.7	issues of inequality and how the wealthy abused the system in their favor through tax cuts,
1:25.1	deregulation, and wage suppression. And he doesn't in a way
1:28.1	that isn't loud or condescending. It's not one of those loudmouth talking head shows like us.
1:33.1	It's smart, focused, and really well-reasoned. So if you like the economic stuff that we do here
1:38.0	on UNFTR, I really think you'll dig pitchfork economics with Nick. I also have to send a
1:43.7	congratulations to our friends at Newsbeat who took the New York
1:46.5	Press Club top podcast award again this year.
1:49.8	It so happens that Newsbeat is a Mani Faces production, so I'm even more thrilled for him.
1:54.1	Thanks.
1:54.8	He's pretty thrilled for him, too.
	...

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