Race and the New Economy

This is an excellent read from Yes! magazine contributor Penn Loh: What’s the Role of Race in the New Economy Movement?

On a deeper level, race matters because the economy we currently have is deeply racialized. Race and racism are central to how the dominant economy functions, whom it serves, and who pays the costs of obscene wealth accumulation and environmental unsustainability. Race and class in the United States are inextricably intertwined, beginning with slavery and Native American genocide and continuing to this day with the struggle of immigrants. In short, how we live in and experience the economy differs drastically depending on our race and class.

I think that this is something that should surely be addressed because people of color have long been aware that they are ignored at the top and only are consequential when it serves the purpose of people who are already benefitting from the policies in place. Which is why many have no issue with resigning themselves from attempting to do better or insist on working outside of the common wisdom when it comes to finance.

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