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Economics Archives - Institute of the Black World 21st Century

March on Washington

The myth of class-reductionism

By Commentaries/Opinions

The fight for racial and gender justice has always been about economic inequality, too. By Adolph Reed Jr., New Republic — Ever since Bernie Sanders’s insurgent run for the Democratic presidential nomination in 2016, a specter has haunted left-liberal debate: the specter of “class reductionism.” Left-identitarians and centrist liberals have used this oversimplified charge not merely to dismiss Sanders but also to cast suspicion on the broad array of universally…

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Diepsloot in South Africa

South Africa: The fault-lines of the world’s most unequal society

By Editors' Choice

By John Allen, All Africa — Cape Town — Amid the explosive cocktail of ingredients which contributed to the outbreak of looting and burning in South Africa this week, new fault-lines running through a society divided by class as well as by race were on display as never before. The unrest may have been triggered by the jailing of former president Jacob Zuma and exacerbated by factors ranging from orchestrated…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

The Road to Recovery Has Potholes

By Dr. Julianne Malveaux

By Dr. Julianne Malveaux — There is lots of great news in the June Employment Situation report. Eight hundred and fifty thousand jobs were created! And while the unemployment rate remained essentially unchanged at 5.9 percent, the labor market is showing signs of life. The Biden-Harris administration doesn’t mind crowing about it, either, noting that the three million jobs that have been created since they took office in late January…

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Mayor Baraka launches ambitious two-year economic recovery plan with $8.8 million first year budget.

Mayor Baraka launches ambitious two-year economic recovery plan with $8.8 million first year budget

By Editors' Choice

Investment will focus on small businesses, equitable development, and neighborhoods; Funding comes from 2021 American Rescue Plan legislation to create affordable commercial space. Mayor Ras J. Baraka announced last week that Newark is launching an ambitious two-year economic recovery program at a press conference at Kleen Kutz Unisex Beauty Salon at 1011 Bergen Street. The program will help small businesses like Kleen Kutz connect to grants, technical assistance and other…

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Slaves on Edisto Island, South Carolina in 1862

Reparations would shake up American capitalism – and that’s a good thing

By Reparations

Paying compensation to the descendants of slaves would not just right a historic wrong, it would transform the US economy for the better. By Aaron White, openDemocracy — When I was a child, I used to visit my Viennese grandmother in the rent-controlled apartment on New York’s Upper West Side that she had been living in for nearly 50 years. I remember the intoxicating smells of sizzling schnitzel and her…

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Report Card on President Biden

Panel Gives Biden “Passing” Grades – IBW National Forum Assesses Biden’s First 100 Days

By News & Current Affairs, Press Releases / Statements

On the eve of President Biden’s first 100 days in office the Institute of the Black World 21st Century (IBW) convened a National Virtual Forum to evaluate the progress of his administration so far in addressing issues of vital concern to Black voters. IBW assembled a stellar Panel of prominent African American political analysts, commentators and civil rights/human rights advocates from around the country to conduct the assessment which included:…

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Report Card on President Biden: The First 100 Days (A Virtual National Forum)

By Events, Reparations

April 29, 2021 — A panel of Black America’s leading scholars, analysts and activists grade President Biden’s performance during his first 100 days in office. Hosted by: Mayor Ras J. Baraka Newark, New Jersey Special Respondent: Mayor Chokwe A. Lumumba Jackson, MS Moderators: Nkechi Taifa, Esq. Author of Black Power, Black Lawyer Rev. Mark Thompson Host, Make It Plain Panelists: Dr. Julianne Malveaux Author, Political Economist, Commentator, Washington, DC LaTosha…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

When Will Workers Get A Break?

By Dr. Julianne Malveaux

By Julianne Malveaux — Now that the impeachment trial of the 45th President is over, perhaps our legislators can turn their attention to working people, or more accurately, those who used to work and are not now working. There were 18 million more unemployment insurance claims now than a year ago, and nearly 10 million fewer jobs than before the pandemic. The first Friday report that the unemployment rate has…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

COVID Halts Women’s Workplace Progress

By Dr. Julianne Malveaux

By Dr. Julianne Malveaux — Economic recovery will be a long time coming. The Federal Reserve Bank says our corona recession will last into 2021, and perhaps even into 2022. If a vaccine is developed, a distribution plan still needs to be worked out, and there is still so much we don’t know about COVID. We do know that our economy has slowed and is only inching toward normalcy. We…

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Small Business

National Small Business Leaders Release Five-Point Plan to Save the Small Business Sector

By News & Current Affairs

Leading nonprofit executives, former senior federal officials and top public policy experts release the most comprehensive analysis of small business ever undertaken in the US and lay out a five-step plan that over 10 years would generate a net new 1.5 million small businesses and grow small businesses’ share of U.S. employment by 25%. WASHINGTON, D.C. — With Congress at an impasse on a new stimulus package and permanent business…

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People await help with unemployment claims at an event in Tulsa, Okla., on July 24.

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90% — And That’s Made the U.S. Less Secure

By COVID-19 (Coronavirus), News & Current Affairs

A new report shows that a $50 trillion redistribution of income to benefit the richest has made America less healthy, resilient, and secure. By Nick Hanauer and David M. Rolf, TIME — Like many of the virus’s hardest hit victims, the United States went into the COVID-19 pandemic wracked by preexisting conditions. A fraying public health infrastructure, inadequate medical supplies, an employer-based health insurance system perversely unsuited to the moment—these and other afflictions are surely contributing…

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Dr. Ron Daniels and Ronald W. Galvin, Jr.

Repaying the debt owed to Black people requires a democratic and reparative economy

By Commentaries/Opinions, Reparations

The entire racial capitalist system that extracts labor and blood from Black lives must go. By Dr. Ron Daniels and Rev. Ronald Galvin — America owes Black folks. The modern-day prophet Ta-Nahesi Coates, drawing on the wisdom and generations-old fight of Black freedom fighters such as Mother Callie House, James Forman, Randall Robinson, and the Malcolm X grassroots movement, cogently made the case in his seminal article, “The Case for…

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