By Melvin Oliver, Thomas M. Shapiro
The award-winning Black Wealth / White Wealth offers a robust portrait of racial inequality according to an research of personal wealth. Melvin Oliver and Thomas Shapiro's groundbreaking study analyzes wealth - overall resources and money owed instead of source of revenue on my own - to discover deep and protracted racial inequality in the United States, and so they convey how public guidelines have didn't redress the problem.
First released in 1995, Black Wealth / White Wealth is taken into account a vintage exploration of race and inequality. It supplied, for the 1st time, systematic empirical proof that defined the racial inequality hole among blacks and whites. The 10th Anniversary version comprises solely new and important chapters. those chapters examine the ongoing problems with wealth and inequality in the USA and the recent guidelines which have been introduced long ago ten years. a few were innovative whereas others purely recreate inequality - for instance the inspiration to get rid of the property tax.
Compelling and likewise informative, Black Wealth / White Wealth is not only pioneering learn. it's also a robust counterpoint to arguments opposed to affirmative motion and an immediate problem to present social welfare regulations which are tilted in the direction of the wealthy.
Read or Download Black Wealth / White Wealth: A New Perspective on Racial Inequality, 2nd Edition PDF
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Extra info for Black Wealth / White Wealth: A New Perspective on Racial Inequality, 2nd Edition
S. Supreme Court, expressed great hope in 1858 that property and wealth could be the basis of racial justice: When the avenues of wealth are opened to us we will become educated and wealthy, and then the roughest-looking colored man that you ever saw … will be pleasanter than the harmonies of Orpheus, and black will be a very pretty color. indb 15 3/23/06 4:54:18 PM 16 / Oliver and Shapiro The Suburbanization of America The Making of the Ghetto Because of racial discrimination, blacks were unable to enter the housing market on the same terms as other groups before them.
Whatever we attain in the form of wages and salaries does not easily convert into wealth assets, because immediate necessities deplete our available resources. Income is distributed in a highly unequal manner in the United States, as in all societies. For example, the top 20 percent of earners receive 43 percent of all income while the poorest one-fifth of the population receives a scant 4 percent of the total income. The distribution of wealth is even more unequal, making the pattern of income distribution look like a comparative leveler’s paradise.
Black youths also have more than twice the jobless rate as white youths. indb 24 3/23/06 4:54:19 PM Race, Wealth, and Equality / 25 whites. Residential segregation remains a persistent problem today, with blacks being more likely than whites with similar incomes to live in overcrowded and substandard housing. Nearly one in four blacks remains outside private health insurance or Medicaid coverage. Infant mortality rates have dropped steadily since 1940 for all Americans, but the odds of dying shortly after birth are consistently twice as high for blacks as for whites.
Black Wealth / White Wealth: A New Perspective on Racial Inequality, 2nd Edition by Melvin Oliver, Thomas M. Shapiro