Zone1 Modern Racism

[IM2]

“Laissez-Faire Racism involves persistent negative stereotyping of African Americans, a tendency to blame blacks themselves for the black-white gap in socioeconomic standing, and resistance to meaningful policy efforts to ameliorate America’s racist social conditions and institutions.”

This is one of the best examples of Laissez-Faire that can be displayed.

Lawsuit against venture capital for women of color is just a way to keep systemic racism in place
Edward Blum, who was behind the case that ended affirmative action in college admissions, has filed a lawsuit against the Fearless Fund, launched by two Black women entrepreneurs.
By Marc H. Morial Sept 13, 2023

In the world of venture capital, the Fearless Fund is a relatively small player.

In the last four years, it has invested $26 million and awarded $3 million in grants to about 40 businesses led by women of color. It’s a drop in an ocean of hundreds of billions: Last year, the value of venture capital invested in the U.S. was nearly $241 billion.

But it is a desperately-needed drop. Although women entrepreneurs of color have been founding companies at four times the rate of the overall population, only 0.1 percent — one tenth of one percent — of venture capital funds went to Black and Latino women founders last year.

But even that is too much for the anti-racial-justice extremists who are suing the Fearless Fund based on the ludicrous assertion that the system is rigged in favor of Black women.

Edward Blum, who was behind the case that ended affirmative action in college admissions, has filed a lawsuit on behalf of the mockingly-named front group American Alliance for Equal Rights. The suit is the latest offensive in Blum’s well-funded and alarmingly successful crusade to preserve systemic racial inequities and the advantages they afford people like himself, and the anonymous backers who funnel him hundreds of millions through dark-money foundations.

https://chicago.suntimes.com/columnists/2023/9/13/23870124/lawsuit-fearless-fund-venture-capital-women-of-color-racism-marc-morial-column

Here we have an effort by blacks to raise the money to lift other blacks and some white right wing ahole decides to whine about it being racist. Out of 241 billion dollars provided by venture capital firms 1/10 of 1 percent went to black and latino women. So the market showed that the Fearless Fund was necessary to reach a basically unserved population. And spare me the disingenuous CRAP about how they should be colorbling when it is apparent that venture capitalists are discriminating based on race.

 

[MarathonMike]

Racism was on a trajectory to be all but gone in the US until Obama took office. As a result of his efforts, there has been a revival of racial division, but that too will eventually die out.

 

[Dekster]

As long as my kin get to keep their casinos, it is all good.

 

[IM2]

As long as my kin get to keep their casinos, it is all good.

Yep.

 

[1srelluc]

As long as my kin get to keep their casinos, it is all good.

Well at least showing up to a gun fight with primitive weapons finally worked out for them.

IM2's ethnicity, if they continue down the same path, will likely continue to be a small people, greedy, barbaric, and cruel.

 

[Rambunctious]

“Laissez-Faire Racism involves persistent negative stereotyping of African Americans, a tendency to blame blacks themselves for the black-white gap in socioeconomic standing, and resistance to meaningful policy efforts to ameliorate America’s racist social conditions and institutions.”

This is one of the best examples of Laissez-Faire that can be displayed.

Lawsuit against venture capital for women of color is just a way to keep systemic racism in place
Edward Blum, who was behind the case that ended affirmative action in college admissions, has filed a lawsuit against the Fearless Fund, launched by two Black women entrepreneurs.
By Marc H. Morial Sept 13, 2023

In the world of venture capital, the Fearless Fund is a relatively small player.

In the last four years, it has invested $26 million and awarded $3 million in grants to about 40 businesses led by women of color. It’s a drop in an ocean of hundreds of billions: Last year, the value of venture capital invested in the U.S. was nearly $241 billion.

But it is a desperately-needed drop. Although women entrepreneurs of color have been founding companies at four times the rate of the overall population, only 0.1 percent — one tenth of one percent — of venture capital funds went to Black and Latino women founders last year.

But even that is too much for the anti-racial-justice extremists who are suing the Fearless Fund based on the ludicrous assertion that the system is rigged in favor of Black women.

Edward Blum, who was behind the case that ended affirmative action in college admissions, has filed a lawsuit on behalf of the mockingly-named front group American Alliance for Equal Rights. The suit is the latest offensive in Blum’s well-funded and alarmingly successful crusade to preserve systemic racial inequities and the advantages they afford people like himself, and the anonymous backers who funnel him hundreds of millions through dark-money foundations.

https://chicago.suntimes.com/columnists/2023/9/13/23870124/lawsuit-fearless-fund-venture-capital-women-of-color-racism-marc-morial-column

Here we have an effort by blacks to raise the money to lift other blacks and some white right wing ahole decides to whine about it being racist. Out of 241 billion dollars provided by venture capital firms 1/10 of 1 percent went to black and latino women. So the market showed that the Fearless Fund was necessary to reach a basically unserved population. And spare me the disingenuous CRAP about how they should be colorbling when it is apparent that venture capitalists are discriminating based on race.