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Economy Archives - Institute of the Black World 21st Century

Civil rights advocates carry placards during the March on Washington for Jobs and Freedom on August 28, 1963, in Washington

Truth and Reconciliation: Addressing Systematic Racism in the United States

By Commentaries/Opinions, Editors' Choice

By Danyelle Solomon — 2019 marks the 400th anniversary of Africans sold into bondage arriving on Virginia’s shores. It has been 156 years since the signing of the Emancipation Proclamation, 55 years since the end of Jim Crow, and 51 years since the civil rights movement. All of these moments in U.S. history represent crossroads—moments where the country made a choice or where people demanded that the words on the pages of the Constitution and the Bill of Rights became more than words; that policies and practices were equitably distributed among all people, not just a select few…

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Marianne Williamson and Mark Zuckerberg

Liberal policies are incoherent because Democrats have been polluted by these two failed world-views

By Commentaries/Opinions

By Keith A. Spencer, Salon — There are no hippies on Haight Street anymore. Along the eponymous road in the storied San Francisco neighborhood, arguable birthplace of the counterculture movement, tourist shops hawk tie-dye memorabilia to commemorate hippie culture, music, and style. Yet aside from physical tchotchkes, the spirit of the 1960s no longer permeates the Haight: gone are the grinning, barefoot peaceniks, as are the free clinic and the Diggers. In their…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

What Goes Up, Must Come Down, but When?

By Dr. Julianne Malveaux

By Julianne Malveaux — President Barack Obama and his team masterfully designed an economic recovery from the George W Bush-induced Great Recession of 2008. The man who now leads our country inherited the Obama recovery and claims credit for our robust economy whenever he opens his mouth. There are signs that the ten-year expansion is slowing, and that our 45th President may be squandering the gift President Obama gave him….

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Alicia Barcena

Latin America – Caribbean GDP expected to decline: 0.5 percent in 2019 vs 0.9 percent 2018

By News & Current Affairs

Santiago, Chile – The Economic Commission for Latin America and the Caribbean (ECLAC) expects economic growth in the region to continue to decline, due to an international context of greater uncertainty and complexity, and weak performance by investment, exports, and consumption. This is the outlooks of the annual Economic Survey of Latin America and the Caribbean 2019, announced this week by Alicia Bárcena, Executive Secretary of the United Nations regional…

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Jeffrey S. Lowe, PhD

Overview of the Crisis of Gentrification in Black America

By Gentrification

Presentation by Jeffrey S. Lowe, PhD, Associate Professor, Department of Urban Planning and Environmental Policy, Texas Southern University for the Institute of the Black World 21st Century (IBW). National Emergency Summit on Gentrification Newark, New Jersey, April 4, 2019 Any overview concerned with gentrification that is causing crisis in Black America must begin with defining the process in a meaningful way and contextualizing the situation to particular times and sets…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

Poverty and the Fallacy of Long-Term Economic Greatness

By Dr. Julianne Malveaux

By Julianne Malveaux — The first week of July produced a somewhat positive Employment Situation report. While the unemployment rate ticked up just a bit, about 224,000 new jobs were created, nearly three times as many as were created in the tepid previous month. There was, of course, the Administration crowing about the strength of the economy, and with wage growth on the rise, an impassioned outsider might agree that…

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“If there was something to do in this town, this town would prosper, because there’s a lot of loyal people here, a lot of good people,” said Tre Lewis, who lives with his family on Youngstown’s south side.

The Nonwhite Working Class

By Editors' Choice

Talking to the people in Youngstown, Ohio, that the national media usually ignores. By Henry Graber, The Slate — YOUNGSTOWN, Ohio—In 1984, Lewis Macklin stood up at a community meeting and argued that city officials should shut down his high school. It had been seven years since Black Monday—when Youngstown Sheet & Tube announced it was closing its largest factory, costing 5,000 people their jobs and setting off a chain of plant…

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Community Land Trusts Are a Model for Reparations

By Commentaries/Opinions, Reparations

In a racialized economy, land trusts and cooperatives offer a lasting form of reparations, say activists. By Laura Flanders, Truthout — This year has already seen more Democrats talking about reparations than ever, including several running for the presidency. Now, rather than writing checks to individuals, more and more people are talking about collective strategies for repair and reparation. Community land trusts, cooperatives and mutual housing associations, for example, might…

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A mural of Bob Marley at Notting Hill Carnival in 2012.

Jamaica Is Using Bob Marley’s Legacy to Market Austerity

By Editors' Choice

The reggae icon would be embarrassed by his country’s attempts to rebrand a disastrous ideology. By Keston Perry, The Nation — The island nation of Jamaica holds a special, almost spiritual significance for many people of color, as well as for anyone concerned about advancing equality and justice in the world. It is the birthplace of the Rastafari movement, reggae, dancehall—and democratic socialism before it became popular in the United States.…

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"It is transnational corporations, the stand-ins of yesterday's British empire—often aided by an enthusiastic national bourgeoisie—that have robbed the Ghanaian people of sovereignty over their resources, their wealth, and their future," writes Celina della Croce.

98.3 Percent of Ghana’s Gold Remains in the Hands of Multinational Corporations

By News & Current Affairs

The disproportionate focus on corruption of national leaders distracts from the systemic theft of national wealth by multinational corporations By Celina della Croce — Every year, the vast majority of Ghana’s natural wealth is stolen. The country is among the largest exporters of gold in the world, yet—according to a study by the Bank of Ghana—less than 1.7 percent of global returns from its gold make their way back to the Ghanaian…

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