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I drink your milkshake! a metaphor for capitalism
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<blockquote data-quote="rickyb" data-source="post: 3138395" data-attributes="member: 56035"><p><strong><a href="https://theintercept.com/2017/10/11/intercepted-podcast-the-white-stuff/" target="_blank">Intercepted Podcast: The White Stuff</a></strong></p><p><strong></strong></p><p><strong>JS:</strong> Okay. We are back here on Intercepted. And if you really want to talk about violence in Chicago and you want to be honest, then you need to talk about economics, white supremacy, housing, jobs and the ongoing impact of slavery on modern-day black communities. Abraham Lincoln was from Illinois and when he signed the Emancipation Proclamation in 1863, the black community in the United States owned less than one percent of the country’s wealth. Oh, but that was a long time ago! We had the civil rights movement and a black president! That’s in the past. Wrong.</p><p></p><p>Today, 153 years after the Emancipation Proclamation was signed, the percentage of black ownership of wealth in the United States has barely budged....</p><p></p><p>...So maybe you can lay out some of the statistics that you uncovered or that you cite.</p><p></p><p><strong>MB:</strong> Yeah, so, something like a third of black families are negative wealth, so no wealth at all. Whites on average, 13 times the amount of wealth. I mean some have even 20 times, I’m being conservative here.</p><p></p><p>The most staggering statistic is after the Emancipation Proclamation is signed, blacks own .5 percent of the nation’s wealth. This is obvious, right? They were capital and they can’t own it now. Today it’s like 1.5, 2 percent. So there really hasn’t been that much progress. But that makes sense if you understand how other people make wealth.</p></blockquote><p></p>
[QUOTE="rickyb, post: 3138395, member: 56035"] [B][URL="https://theintercept.com/2017/10/11/intercepted-podcast-the-white-stuff/"]Intercepted Podcast: The White Stuff[/URL] JS:[/B] Okay. We are back here on Intercepted. And if you really want to talk about violence in Chicago and you want to be honest, then you need to talk about economics, white supremacy, housing, jobs and the ongoing impact of slavery on modern-day black communities. Abraham Lincoln was from Illinois and when he signed the Emancipation Proclamation in 1863, the black community in the United States owned less than one percent of the country’s wealth. Oh, but that was a long time ago! We had the civil rights movement and a black president! That’s in the past. Wrong. Today, 153 years after the Emancipation Proclamation was signed, the percentage of black ownership of wealth in the United States has barely budged.... ...So maybe you can lay out some of the statistics that you uncovered or that you cite. [B]MB:[/B] Yeah, so, something like a third of black families are negative wealth, so no wealth at all. Whites on average, 13 times the amount of wealth. I mean some have even 20 times, I’m being conservative here. The most staggering statistic is after the Emancipation Proclamation is signed, blacks own .5 percent of the nation’s wealth. This is obvious, right? They were capital and they can’t own it now. Today it’s like 1.5, 2 percent. So there really hasn’t been that much progress. But that makes sense if you understand how other people make wealth. [/QUOTE]
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