20 ms·

I acknowledge there are other issues but I wanted to shed light on an issue (racial issues) I care about. Even if larger corporations are more white-owned it is

by ugwigr 6y ago

I acknowledge there are other issues but I wanted to shed light on an issue (racial issues) I care about. Even if larger corporations are more white-owned it is worth noting the US Treasury is transferring wealth to White people

dpbriggs 6y ago
I appreciate you sharing the article, and shedding further light on these important issues. I personally don't see 'other' issues in this case, as this article describes a symptom and not a cause. The focus on race is at best a distraction from class, which is the real predictor on the ability to wrangle benefits from the government. > US Treasury is transferring wealth to White people I don't really interact with social media - why is white capitalized here? I'm not being facetious, just curious. And wouldn't the explanation here be that the vast majority of wealth is in pension / passive funds, which primarily invest in large corporations, which are the most capable to wrangle benefits? Racist policies in the past and current discrimination limit the aggregate capital of this group, and therefore they're under-represented as presented here. Obviously surveys are important but I worry that stating a conclusion allows leeway in choosing a hypothesis that fits personal bias and not reality.
- ugwigr 6y ago
  - This article describes how the government PPP policy effectively discriminates against Black People - that is a problem in my view - once again there could be other problems. - 'White' is capitalize cause as used it represents a racial identiy, please see https://www.theatlantic.com/ideas/archive/2020/06/time-to-capitalize-blackand-white/613159/ https://www.theatlantic.com/ideas/archive/2020/06/time-to-ca... - The article is not attempting to establish an "intent" to discrminate so it is irrelevant if Black people are underrespresented as owners of eligible companies. The article is only showing the policy does effectively discrminiate (whether as an intended or unintended consequence).

by ugwigr 6y ago

dpbriggs 6y ago

I appreciate you sharing the article, and shedding further light on these important issues. I personally don't see 'other' issues in this case, as this article describes a symptom and not a cause. The focus on race is at best a distraction from class, which is the real predictor on the ability to wrangle benefits from the government. > US Treasury is transferring wealth to White people I don't really interact with social media - why is white capitalized here? I'm not being facetious, just curious. And wouldn't the explanation here be that the vast majority of wealth is in pension / passive funds, which primarily invest in large corporations, which are the most capable to wrangle benefits? Racist policies in the past and current discrimination limit the aggregate capital of this group, and therefore they're under-represented as presented here. Obviously surveys are important but I worry that stating a conclusion allows leeway in choosing a hypothesis that fits personal bias and not reality.

ugwigr 6y ago
- This article describes how the government PPP policy effectively discriminates against Black People - that is a problem in my view - once again there could be other problems. - 'White' is capitalize cause as used it represents a racial identiy, please see https://www.theatlantic.com/ideas/archive/2020/06/time-to-capitalize-blackand-white/613159/ https://www.theatlantic.com/ideas/archive/2020/06/time-to-ca... - The article is not attempting to establish an "intent" to discrminate so it is irrelevant if Black people are underrespresented as owners of eligible companies. The article is only showing the policy does effectively discrminiate (whether as an intended or unintended consequence).