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Economics Archives - Institute of the Black World 21st Century

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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Commentary, Articles and Essays by Dr. Julianne Malveaux

Both the Economy and the Senate Stumble

By Dr. Julianne Malveaux

By Dr. Julianne Malveaux — On the same day we learned that the US economy contracted by 9.5 percent in the second quarter of this year, the United States Senate adjourned and went home, even though the economic contraction is the largest since growth data has been collected.  They left without passing the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act.  They left without continuing the $600 per week…

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Money

Reparations as Racially Progressive Economics

By Commentaries/Opinions, Reparations

By Ajamu Brown — The international outcry over police brutality and racial injustice towards Black Americans have amplified a myriad of underlying issues, from the lingering effects of slavery and Jim Crow laws to modern mass-incarceration and high unemployment. The severity of the financial impact on the entire nation is still unknown. But with each economic shock millions of workers of color, particularly Black people, will have little bargaining power…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

No Economic Victory Lap

By Dr. Julianne Malveaux

By Dr. Julianne Malveaux — The June Employment Situation report, released on July 2, showed a continued decline in the unemployment rate.  Thanks to coronavirus, the rate shot up to 14.7 percent in April and declined to 11.1 percent in June.  About 4.8 million more people were on payrolls in June than in May.  Just about every sector of the economy saw job gains, including the troubled leisure snd hospitality…

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People march towards the Washington Monument at the Black Lives Matter protest in Washington DC 6/6/2020

Why racism is an essential tool for maintaining the capitalist order

By Editors' Choice

By Richard D. Wolff, Independent Media Institute — U.S. capitalism survived because it found a solution to the basic problem of its instability, its business cycles. Since capitalism never could end cyclical downturns and their awful effects, its survival required making those effects somehow socially tolerable. Systemic racism survived in the post-Civil War United States partly because it helped to achieve that tolerability. Capitalism provided conditions for the reproduction of…

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BET founder calls for $14 trillion of reparations for slavery

By Reparations, Video/Audio

Robert Johnson, founder of RLJ Companies and BET, tells CNBC’s “Squawk Box” America must make reparations for slavery in order to address racial inequality. Robert Johnson, founder of Black Entertainment Television, told CNBC on Monday the U.S. government should provide $14 trillion of reparations for slavery to help reduce racial inequality. The wealth divide and police brutality against blacks are at the heart of protests that have erupted across the…

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Vantage Point: Check Black On the Census • Life and Legacy of Dick Gregory

By Vantage Point Radio, Video/Audio

Vantage Point Radio May 25, 2020 — On this African Liberation Day edition of Vantage Point, host Dr. Ron Daniels aka The Professor talks with guests Laurie Daniel Favors, Esq. and Rev. Mark Thompson. Premium Dick Gregory Compilation CD from Pacifica Archives Topics Check Black on the Census The Life and Legacy of Dick Gregory Guests Laurie Daniel Favors, Esq. Interim Director, Center for Law and Social Justice, Medgar Evers,…

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