3.6 • 3.5K Ratings
🗓️ 22 April 2024
⏱️ 40 minutes
🧾️ Download transcript
Often when white people consider racism, we look almost exclusively at what it costs people of color. We rarely consider the other side–what that racism gives us in unearned benefits, and how that benefit hurts us as a culture. In her new book The White Bonus: Five Families and the Cash Value of Racism in America, Tracie McMillan confronts this head on.
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0:00.0 | Hi, I'm Melissa Malano. And this is Sorry Not Sorry. So, This episode is brought to you by Krakin. |
0:37.0 | Cripo is like the financial system, but different. |
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0:56.0 | To learn more, |
0:57.0 | don't invest in as you're prepared to lose all the money you invest. |
1:00.0 | This is a high-risk investment, |
1:01.0 | and you should not expect to be protected if something goes wrong. |
1:06.0 | Often when white people consider racism, we look almost exclusively at what it costs people of color. We rarely consider the other side |
1:15.4 | what that racism gives us in unearned benefits and how that benefit hurts us as a culture. |
1:24.0 | In her new book, The White Bonus, Five Families, |
1:28.0 | and the cash value of racism in America. |
1:31.0 | Tracy McMillan confronts this head on. |
1:37.0 | From slavery to segregation and discrimination to systemic racism, |
1:42.0 | there are many forces |
1:44.1 | which have stunted black wealth for generations. In fact, UNC Charlotte's |
1:48.3 | Urban Institute found home ownership rates in Mecklenburg County continue to reflect redlining practices enacted in the 1930s. |
1:57.0 | As last recorded by the US federal government, the median wealth for a white family in the United States was $171,000 and the median |
2:06.0 | wealth for a black family was just $17,000. |
2:10.1 | The so-called Alt-right is drawing reactions from the racially divisive beliefs some of its members are publicly embracing. |
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