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Economics

Abraham Lincoln

One Way to Make Reparations Work

By Editors' Choice, Reparations

By Noah Smith, Bloomberg — The issue of reparations for African Americans is, of course, full of more moral and historical issues than one column, even by someone with much greater understanding and deeper knowledge than me, could ever resolve. But since the proposal is now being taken seriously, it’s worth thinking about the economics of how it could and should work. The idea of compensating the descendants of American…

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Nov 26th Edition of Vantage Point Radio: Slave Conditions In Sugar Land, A Social Contract for Working People

By Vantage Point Radio, Video/Audio

Topics: Slave Conditions In Sugar Land: The Modern Convict Lease System • A New Social Contract for Jobs and Working People • Preview of New York African Diaspora International Film Festival. Guests: Cathy Albisa (Exec.Dir., National Economic and Social Justice Initiative, New York, NY), Atty. Darryl Scott (Social Justice Advocate, Houston, TX) and Maurice Carney (Exec. Dir., Friends of the Congo, Washington, D.C.)

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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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