When you restrict the ability to create commerce, or limit it, it effects the population with the lowest income and wealth base the hardest, as it reduces potential clientele and funding. Couple that with banks and their redlining practices at the time and the ability for blacks to generate wealth was severely curtailed.
2. From the Civil War till Now, How Much Economically Has Changed?
Much of the historical change for blacks in America occurred through legislation that made illegal certain forms of discrimination and racist practices. However, this legislation did nothing to materially change the effects of years of economic disenfranchisement that occurred through unfair restrictions in the work place, and in business development. Affirmative Action, although important, was never intended nor designed to correct disparities caused by slavery and Jim Crow.
3. Where We Are At Today
When you have systems in place such as networks, and relationships with individuals in certain arena’s it dramatically increases your odds for economic success. Being that blacks have historically been locked out of certain ‘networks’ it further restricts the ability to access information that generates wealth.
4. The Power of Wealth
Even if racism ceased to exist today, the economic disparities caused by racism would still be pervasive and persistent amongst blacks as poverty becomes cyclical. To truly eliminate or dramatically reduce disparity between blacks and whites, a holistic paradigm change in how our nation addresses the problem must occur.
5. Solutions to the Disparity
The solution to the black disparity in wealth in America is a dramatic change in government policy and in non-profit funding and missions. Typically, inner-city and African-American centered programs are geared towards good, but ineffective band aid programs that don’t holistically work to elevate the economic condition of blacks.
Dell Gines is one of those black conservatives that has a true grasp of the issues affecting the black community and his emphasis is empowering the black community through economic development. This post states what I believe but articulates in a way that I couldn't. Check out the entire post and let me know what you think.