There was an exceptionally good interview on Fresh Air yesterday with Richard Rothstein, explaining the way ghettoization in the US was an official government policy, along with the fact that it fully accounts for the massive wealth gap – as distinct from income gap – between blacks and whites. Whites were able to buy cheap decent housing in the 40s and 50s while blacks were not, so that became the equity that is now the wealth that while people have while black people have 5% of that wealth. 5%.
5%. That’s a lot of university educations not paid for, houses not bought, equity not built.
… Read the restRichard Rothstein, a research associate at the Economic Policy Institute, has spent years studying the
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