How America Created Its Shameful Wealth Gap | Robert Reich

Co-Founder of Liberation in a Generation Solana Rice explains how a combination of institutional racism & white supremacy created America's racial wealth gap.

[chrisfloyd]

The fact that conservatives can't understand how the past affects the present is mind boggling.

[jesuschristpose]

Economic slavery, I have been saying it for years, and in this country it's legal.

[TheDoorspookc]

My father told me how they took my grandfathers farm here in Ga. The sheriff arrested my great uncle and told my family they needed a bond to get him out. They had no cash and serving time in Adairsville Ga at the time was a death sentence, check that too. They put up the farm, the sheriff and judge changed the date of the case, no one shows up...they take the farm and my great uncle dies in a chain gang for a charge no one ever explained. Gotta hate Ga.

[silverfox]

We need more people of color in government, preferable in progressive roles, to help change this. This system isn't ok

Bernie 2020

[ThomasB-]

This is our country's biggest shame. It is embedded in our society, our politics and our government. I am not a smart man and have no answers, but education must surely be the answer.

[andromedagalaxynebula]

*What the public education system doesn't want you to know*

[djpolo]

Another lie that I despise is "Black people didn't turnout to vote." The majority of black people live in cities that are in states that are STILL mostly white. So our votes & values become diluted, especially with gerrymandering.

[skapunkoialternativeliving]

The American dream is dead and if it's alive to make a few people who can obtain it...

[markocrear]

THIS should be taught starting in the high schools!!!! ALL of them!!!! Get the facts!! Check for yourself!!!!

[howardkerr]

I realize that this is a short video but I am surprised that no mention was made of the fact that part of redlining included locking minorities into loan/mortgage rates that were usually higher than those for whites in similar economic situations.

[joemancini]

This was awesome. I don’t see how you can decouple racial injustice and economic inequality. There is much for this country to be ashamed of and much to be done to correct it.

[Terpygrowz]

Let's vote Bernie Sanders or Andrew Yang to help black families

[Pearlruby]

There are 7.7 billion people on the planet. 26 people own the wealth for 3.8 billion people
That's half the worlds population. 26 people out of 7.7 billion own the wealth of 3.8 billion people. The disparity is a Global Shame.😔

[valariecarrillo]

Numbers don’t lie. Would be helpful to include Native Americans in the data as well for an additional comparison. As someone who has worked so hard to stay afloat, I know how much harder you have to work. I am almost 40 and will be completing my BA in 2020 with as little student loans as possible. Being a chicana woman, I did not have the luxury of having college help from my parents growing up and had to join the workforce right away . I have worked the entire time to pay for it myself. My husband and I also bought our first home this year! As a Native male, he is one of very few to be a homeowner in the US without govt assistance I might add. It takes so much work but SOOO worth it! Don’t give up!

[sophiemega]

This is a Nice video.... So inspiring but do anyone knows about expert Mrs Alice. Mrs Alice is legit and her method works like magic I keep on earning every single week with her new strategy

[tsarfox]

Preach sister. This should be a country for everyone, not just a select few.

[coachtanishamarie]

Black people need to be represented in all areas of education, politics, police, law, government, banking, finance and entry levels.

[samwithoutlimits]

Even as I am disappointed that there were no cartoons to depict the essence of the story, this was powerful truth telling.

[JohnSmith-hshn]

Redlining never stopped:
The testers reported racially disparate treatment in 40 percent of interactions with realtors. Black testers experienced disparate treatment in 49 percent of cases, Hispanic testers in 39 percent and Asian testers in 19 percent. Some realtors refused to show listings or conduct house tours for minority testers, others steered them away from predominantly white neighborhoods. They warned white testers away from black or Hispanic neighborhoods while also showing more listings and allowing them to see homes without proof of mortgage-ready financing.

This was one investigation in one part of the country with a specific history of housing discrimination and racism. But a similar study from 2012 — conducted by the Urban Institute and the Department of Housing and Urban Development — showed nationwide patterns of housing discrimination. After conducting 8, 000 tests in a representative sample of 28 metropolitan areas, researchers found that, compared with whites, black renters and home buyers were shown substantially fewer units, as were, to a lesser extent, Asian-Americans and Hispanics.


But i partly disagree. I do agree that many white people may use black behavior as a deflection from unequivocal racism/discrimination, but Many studies indicate that, indeed, black and brown people have a worse handle on money, education attainment, and finances. Somwhere around 60% of nba players are bankrupt a decade after they retire. The same trends appear in the nfl-both are predominantly black sports. I don't think white racism and black behavior are mutually exclusive. It's both. Why can't we tackle them all?

[honeymanod]

Medicare for all and free higher education would definitely help a ton!