America, Free Markets, and the Sinking of the World Economy surveys the devastation wrought by finance capital on the nation and the world and the role the George W.
What do you think of this argument? Certainly the election of Barack Obama means that we are less racist than we were 30 years ago when it comes to electoral politics; there is no doubt about that. So that you end up with two very contradictory realities: But if you actually have your feet on the ground, you understand the ways in which gentrification is setting in, the vicious attack on public educationand the privatization of public education, that is in many ways an attack on poor children of color.
Six-hundred and eighty-four schools — only one out of four schools have arts and music programs. Six-hundred and eighty-four schools—and nurses for all of those precious children, over 80 percent of them black and brown and over 87 percent of them poor or near poverty.
Fifty-six percent of black middle class folk lost their wealth when they lost their homes or the value of their homes as a result of the housing bubble.
How do African-Americans today reconcile the situation? That is, we have on the one hand the election of an African-American president which represents a tremendous change in our society, and yet at the same time a catastrophic situation for the black poor, working class, and many in the middle class.
Right now there is utter confusion. You have a shameful silence on the part of most black leaders.
In last month’s survey of global fund managers by Bank of America Merrill Lynch, just 5% regarded a trade war between America and China as the biggest risk facing the markets, compared with 45%. Security screening America and the EU are both toughening up on foreign capital. The catastrophe if another global financial crisis strikes. Open Future a day ago. Liberating the masses of black folk from the plunderous combination of white supremacy and finance capitalism is fundamental to solving the crisis. “ Africans Americans are experiencing a transfer of wealth and income from their families and communities to the wealthy, and white people generally, on a scale not seen since slavery.”.
Criticizing him means you can be demonized. Why do you think there is this "shameful silence," as you call it, among the black leaders? I think that black leaders found themselves making this thick wall of protection around a president who had no serious loyalty to them.
Yet there are some more critical voices… CW: I may not agree with all of it, but they are telling some important truths. We can go on and on in terms of advisors and secondary advisors, straight out of Wall Street. Workers get layoffs and lower wages, but the auto industry gets new CEOs dictated by public officials.
That fundamental bias toward the oligarchs and plutocrats fills me with righteous indignation. I recently saw an interview on public television with Prof.
William Darity of Duke University who studies and speaks out on many of the same issues you do. So I wondered what you thought of the position that Darity has taken? I resonate with that, I really do.
When you put together the war crimes, when you put together the Wall Street government, when you put together turning its back on poor people and so much of black America — how could I justify voting for him?
The only thing I have left, is what Bernie Sanders told me, which is that if a Romney government were to come in, there would be just so many more actual deaths as well as damaged lives under a Romney administration as opposed to an Obama administration.
A lot of it has to do with what state you live in. If you live in Ohio as you do or in Florida you have a much harder choice than those of us who live in New York or California. I have great respect for my comrades—such as the brothers and sisters of Black Agenda Report — who disagree with me and focus almost exclusively on the dark side of the Obama administration, because that dark side is very real.
With the African-American community in such a terrible economic situation, I have been struck by the fact that the black community protests much more against criminal injustice than it does against economic injustice.
We have the large spontaneous protests over the killing of Trayvon Martin and the huge demonstration in New York over stop-and-frisk, yet, while there are union strikes over wages and protests over foreclosures, we seem to see less of a movement for economic justice. Historically black people have been dealing with such raw fear and trauma that we have more immediate responses and we even have better infrastructures to deal with the raw physical violence coming at us, rather than with the ugly economic exploitation coming at us.
So when you actually have bullet-from-gun-of-police-into-black-body the immediate response is there — you have infrastructures. You can even get some ministers out. And yet, we know that the two — criminal injustice and economic injustice — go hand-in-hand.
Yet, of all the issues facing us, facing both the African-American people in particular and the American population as a whole, you have chosen to focus on poverty with your Poverty Tour.
I think that if we make poverty a priority it would result in making massive investment in jobs with a living wage a priority, which is tied also to trying to strengthen unions as the countervailing force against the rule of oligarchs and plutocrats in our capitalist economy.“The fundamental crisis in black America is twofold: too much poverty and too little self-love.” Cornel West is the African American philosopher who made that statement in his book titled, Race Matters.
Categories financial crisis, economic collapse, everything bubble, Finance, Fundamental Analysis, Global Financial Crisis, Great Depression, Michael Snyder, stock market bubble, stock market crash, US recession, World News Leave a comment.
The fundamental crisis in black America is twofold: too much poverty and too little self-love. Cornel West is the African American philosopher who made that statement in his book titled, Race Matters. The Tulsa, Oklahoma native who is both liked and disliked by his peers and the public wa.
Liberating the masses of black folk from the plunderous combination of white supremacy and finance capitalism is fundamental to solving the crisis.
“ Africans Americans are experiencing a transfer of wealth and income from their families and communities to the wealthy, and white people generally, on a scale not seen since slavery.”. “What do we say and how would we frame the state of black America for ,” Morial said.
“I must use the word crisis.” On the justice front fewer African-Americans were victims of violent crimes. There are more black lawmakers in . Security screening America and the EU are both toughening up on foreign capital.
The catastrophe if another global financial crisis strikes. Open Future a day ago.