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Economic Inequality Archives - Institute of the Black World 21st Century

Buy Black and Bank Black: Movement in the US Gains International Attention

By | Video/Audio | No Comments

Atlanta, GA — The “Buy Black” movement draws the attention of a French news outlet. In this video you’ll hear from Killer Mike (Rapper, Activist), Dr. Boyce Watkins (Author, Economist), and Sharif Abdul Malik (Founder, WeBuyBlack) who withdraws money from Bank of America to deposit into a Black owned bank. This video was originally posted on France24.com, September 27, 2016 Also See:  Newark As Model City National Town Hall…

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Martin Luther King Jr. delivers his famed "I Have Dream" speech from the steps of the Lincoln Memorial, August 28, 1963.

600 Black Legislators Resolved to Push Policies for Economic Justice

By | News & Current Affairs

On King Holiday Commemoration: 600 Black Legislators Resolved to Push Policies for Economic Justice. Resolution considered new win for Black Wealth 2020 By Hazel Trice Edney — It was three years ago that a group of national business leaders launched a movement called Black Wealth 2020 partially based on the economic vision articulated by Dr. Martin Luther King Jr. King said in his final speech on April 3, 1968: “It’s…

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You Can't Have Capitalism Without Racism - Malcom X.

The American Economy Is Rigged — And what we can do about it.

By | Editors' Choice

NOTE: No mention of the centrality of racism and sexism the plays in “rigged” capitalism. I put rigged in quotes because it’s redundant to call capitalism rigged! Capitalism has always been rigged against the vast majority of the people: those exterminated or enslaved by capitalism’s founders and those who eventually became the proletariat all over the world. Hence, this essay is fundamentally flawed in its attempt to explain why their…

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Nobody would mistake Cory Booker for a radical.

Cory Booker’s Big New Policy Idea Isn’t Reparations, but It’s the Closest a Presidential Candidate Is Going to Get

By | News & Current Affairs

By Jordan Weissmann — Sen. Cory Booker did not come out and propose reparations for black Americans this week. But the policy idea he rolled out on Monday might be the closest thing that we can expect to see from a serious presidential contender going into 2020. The senator from New Jersey, who is gearing up for a White House run, plans to introduce legislation soon that would create a “baby bond”…

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Chicago police officer Jason Van Dyke was found guilty of 2nd-degree murder and 16 counts of aggravated battery.

‘This Is Historic’: Why the Van Dyke Guilty Verdict Is a Victory For the Movement For Black Lives

By | Commentaries/Opinions

By Miles Kampf-Lassin, In These Times — “We are far from done. This is the beginning and we should use this momentum to keep going forward.” Chicago has long been a city on the brink. Decades of racial stratification, disinvestment, segregation and endemic poverty have left large swaths of the population struggling to survive, while new development has disproportionately favored wealthier residents. The communities left behind by this process are…

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Dr. Martin Luther King displays the poster to be used during his Poor People's Campaign, March 4, 1968, one month before he was shot to death by a sniper.

King’s Poor People’s Campaign

By | Commentaries/Opinions

“Now, when we come to Washington in this campaign, we are coming to get our check!” – Martin Luther King 1968 By Heather Gray — Source: Justice Initiative. This article first appeared in the SCLC National Magazine “Let us stand with a greater determination. And let us move on in these powerful days, these days of challenge to make America what it ought to be. We have an opportunity to make…

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A homeless woman sits on a bench a few blocks away from the White House, Washington, 1 September 2015. Photo by Carlos Barria/Reuters

The Respect Deficit

By | Editors' Choice

Economic inequality is an urgent problem. Deeper still is our loss of mutual respect, the foundation of a fair society. By Richard Reeves, Aeon — At the end of 2017, the Washington Metropolitan Area Transit Authority launched a new ad campaign. The Authority wasn’t selling anything. It was asking, on behalf of its bus drivers, for something; something that liberal societies need in order to flourish, that underpins social equality, and…

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Dr Martin Luther King Jr

The Young MLK Already Had Socialist Ideas

By | Editors' Choice

A new book argues that King’s suspicion of American capitalism and his passion for economic justice did not represent a turn in his last tumultuous years. They were there all along. By Lynn Parramore, Institute for New Economic Thinking — The Millennial socialists are coming,” declared a June 30 New York Times headline, describing a surprise surge of young female candidates endorsed by the Democratic Socialists of America who beat their establishment opponents…

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Black child holding coins - Serede Jami / Eyeem / Getty Images

Black Americans’ Median Wealth Could Disappear in One Generation

By | Editors' Choice

By Adam Hudson, Truthout — It’s no secret that, as the saying goes, “The rent is too damn high.”Across the nation, housing is becoming increasingly expensive for many Americans. But the story of the present-day housing crisis is not just a story of rising rents; it’s also a story of systemic racism. Today’s rising housing prices exacerbate the racial wealth gap in the US by making it more difficult for Black…

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AME Church Bishops pose with Black bankers and business leaders after announcing historic partnership.

AME Church and Black Banks Launch New Partnership for Black Wealth

By | News & Current Affairs

By Hazel Trice Edney — (TriceEdneyWire.com) – The Black church, among the most prosperous institutions in America, has long led movements for the spiritual, social and civic uplift of Black people. When the Rev. Dr. Martin Luther King Jr. was assassinated on April 4, 1968, he had just launched the Poor People’s Movement, which quickly fizzled after his death. With this historic backdrop, the African Methodist Episcopal Church – with…

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