Sun. Sep 23rd, 2018

American Capitalism, Black Banking and Political Power

Listen in to this engaging and illuminating conversation on Black banks and the nature of wealth and political power, inspired by a year-long seminar on American Capitalism currently taking place at Johns Hopkins University.

You will hear from: Dr. Nathan Connolly, Associate Professor of History at Johns Hopkins and one of the conveners of the seminar; Dr. Jared Ball, Professor of Communication Studies at Morgan State University and the first guest in the seminar series; and Mehrsa Baradaran, Law Professor specializing in Banking Law at the University of Georgia Law School and author of the book The Color of Money, Black Banks and the Racial Wealth Gap.

 

 

4 thoughts on “American Capitalism, Black Banking and Political Power

  1. She answers this by explaining that there has to be a political/government component because that’s precisely how wealth is created. Black people cannot maximize our wealth because we do not have any. As she points out, Black wealth is the same less than 2% as it was in 1863.

  2. UClaiming the black money cannot be segregated is one of the biggest lies ever told by educated group of black people in fact throughout history segregation of money and access to wealth is exactly what this country has experience Since Andrew Johnson’s day and the restrictions and redlining and the use of federal highways Two separate blacks from land and means of wealth

    1. I am only approving and not deleting this comment so that it can be used instructionally to demonstrate how little work folks will put in to a critique and how little of what is said actually ends up being reflected by those critiques. The claim that our claim is “one of the biggest lies ever told…” is itself a perfect example of how routine and cliched the kind of uninformed, misguided claims against folks’ work often is. Oh, and what precedes the all-too-common thoughtlessness is – surprise! – wrong. The point was/is that you can segregate people but not money; a) is NOT saying that Black people are not separated from accumulating wealth because, b) thats the point! That Black money cannot be kept from being reincorporated into White financial circles and, therefore, proves to be yet another way that efforts at segregated Black economies don’t, won’t, can’t work because there isnt enough money there and no ability to develop actual wealth. So, once again, the above woeful attempt at critique actually makes and supports the point it thinks it disagrees with. But, the good news is the audio is archived and anyone can hit play as often as they like and Merhsa is coming back to imwil! next week so there are plenty of opportunities for the unclear to be corrected.

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