"The starkest divides are in measures of household wealth, reflecting centuries of white privilege that have made it particularly difficult for people of color to achieve economic security.
The U.S. doesn't have a caste system. There are plenty of successful blacks. There is NOTHING to stop anyone in America from being successful.
The U.S. doesn't have a caste system. There are plenty of successful blacks. There is NOTHING to stop anyone in America from being successful.
The US has systematically discriminated against Blacks from the very beginning of its racist existence. In the 20th Century, mortgage discrimination was among the most useful tools for preventing Black wealth accumulation and sustaining white privilege:
The Racist Housing Policy That Made Your Neighborhood
"One of the most heinous of these policies
was introduced by the creation of the Federal Housing Administration in 1934, and lasted until 1968.
"Otherwise celebrated for making homeownership accessible to white people by guaranteeing their loans, the FHA
explicitly refused to back loans to black people or even other people who lived near black people.
"As TNC puts it, 'Redlining destroyed the possibility of investment wherever black people lived.'
"To understand the depth of the racism of these regulations, you have to read the descriptions of the grades that FHA gave to neighborhoods from A (green) to D (red).
"I've included them all at the end of this post, but here is the 'C' classification (emphasis added), which is where my Oakland neighborhood fell (keep in mind
restrictions as used here, means
clauses, written into the title, not to sell to non-whites)"