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When it comes to redlining, sowell directly addresses it in in Vision of the Anointed. He points out that the kinds of houses blacks tend to purchase tends to b
by tathougies 6y ago
When it comes to redlining, sowell directly addresses it in in Vision of the Anointed. He points out that the kinds of houses blacks tend to purchase tends to be ignored in studies that find widespread discrimination.
For example blacks are much more likely to want to buy multi family homes. The income and other requirements for these are much stricter which is why they are denied loans more often.
Moreover, he points out that if blacks were being subject to stricter requirements then one would expect that they were less likely to default since the requirements are notionally to calculate default risk.
He points out that before the redlining legislation black and white default rates were broadly the same indicating that whatever criteria the banks used it fulfilled its main purpose of estimating default likelihood.
He then shows data that the anti discrimination legislation increased black default rates and questions whether you encouraging minorities to declare bankruptcy and enter financial ruin is really something to be desired.
Before you make blanket statements on the man you should be familiar with his stance on things. Your comment lacks the nuance that one is apt to find in any sowell book.
- RoboticWater 6y agoI'm not debating Sowell—I don't have the background to dispute his claims, I'm arguing against the notion that systemic racism is "immeasurable, undefinable, unchangeable" and is thus propaganda. Researchers might be wrong about their findings, like in any field, but you can't just handwave the research as dogma. If Sowell is responding to specific claims made by researchers of systemic racism, then it can't possibly be merely empty rhetoric, it's a subject of active academic inquiry.
- s4n1ty 6y agoThe problem with systemic racism is that nobody seems able to point to actual examples of it in the US in 2020.
- _fq4v 6y agoSowell believes that systemic racism doesn't exist because he has examined the various research and finds issues with all of them -- namely that the various discrepancies they find can be explained in other ways. He never claimed that systemic racism could not exist. In fact, in his books, he openly admits that he believes that it did indeed once exist. He just questions whether the studies being produced today are done so without pre-existing bias (are they looking for data to back up their belief, or vice versa) and whether the data produced evidentiates the conclusion. If indeed the studies you cite and that he refutes are looking for data to back up their pre-existing conclusion, then propaganda is the correct description. No one has put forth the argument that Sowell believes systematic racism cannot ever exist. All that has been said is that he questions whether it currently exists today and the conclusions of the studies you cite.
- RoboticWater 6y ago> No one has put forth the argument that Sowell believes systematic racism cannot ever exist. The comment I was responding to literally said "It is immeasurable, undefinable, unchangeable. As a propagandist you must take care to use things that can not be countered. Systemic racism is one of those." A very clear implication that systemic racism doesn't exist. Now, this may not be Sowell's views, but fortunately for Sowell, I never mentioned him in my initial reply. > He just questions whether the studies being produced today are done so without pre-existing bias (are they looking for data to back up their belief, or vice versa) and whether the data produced evidentiates the conclusion. All science is performed with biases. We couldn't possibly form a hypothesis without following our intuitions first. The question is whether our biases conform to the data. Of course, biases may also shape how we interpret data, but this is true for everyone. Sowell may be right, but let's not pretend that he, or anyone for that matter, is the only one approaching this research with a truly neutral, unbiased approach. I think it's fair to subject research into systemic racism to scrutiny, but that's merely the process of academic review. It should never be touted as cutting through the propaganda, as if Sowell is some kind of crusader against the dogmatic PC police left. > In fact, in his books, he openly admits that he believes that it did indeed once exist. Now, call me crazy, but given that he believes it once existed, I find it hard to believe that he also believes that it's just over and done with now. John Lewis just died recently, and I consider it unlikely that we'd ferret out racism from our systems in just that span of time, especially when I hear stories of, for instance, a North Carolina legislature disenfranchising Black people with surgical precision as recent as 2014. If we still have that kind of explicit racism in our public institutions, it's unreasonable to think more subtle forms aren't also causing unequal outcomes.
- _fq4v 6y ago> Now, call me crazy, but given that he believes it once existed, I find it hard to believe that he also believes that it's just over and done with now. Yes, he does believe racism exists within systems. But this is not what is meant by 'systemic racism'. Today, systemic racism is both a description of a problem, as well as an insinuation of its cause -- namely 'white privilege' and white hegemony -- and an insinuation of solutions -- namely progressive legislation. Sowell rejects these insinuated causes and insinuated solutions and instead believes discrimination and poor outcomes for blacks today is driven by progressive policies such as a lack of school choice, laws encouraging loans be made to blacks who cannot afford it, etc. He believes that blacks will be helped by a return to a less regulated market. While this viewpoint could be named under the umbrella of 'systemic racism', let's be honest with ourselves that that's not what the term has come to mean
- deiznof 6y ago>He then shows data that the anti discrimination legislation increased black default rates and questions whether you encouraging minorities to declare bankruptcy and enter financial ruin is really something to be desired. Sowell talked about the CRA and was proven wrong by multiple studies, like this one, which has a section dedicated to how the CRA wasn't a problem: https://www.responsiblelending.org/mortgage-lending/research-analysis/foreclosures-by-race-and-ethnicity.pdf https://www.responsiblelending.org/mortgage-lending/research... Stop the Sowell worship. Please, internet, for the love of god. He will always talk about how everything that democrats do is bad and everything conservatives do is good. He isn't right on everything all the time.
- deleted 6y ago[deleted]
- vadansky 6y agoThis seems more to say that the 2008 housing crisis was not caused by the CRA, which no one said it did.
- deiznof 6y agoIt's actually an extremely common argument that conservatives make to this day. Thomas Sowell blamed the CRA himself, so I'm not sure what your point is.
- vadansky 6y ago>>He then shows data that the anti discrimination legislation increased black default rates and questions whether you encouraging minorities to declare bankruptcy and enter financial ruin is really something to be desired. >Sowell talked about the CRA and was proven wrong by multiple studies, like this one, which has a section dedicated to how the CRA wasn't a problem: https://www.responsiblelending.org/mortgage-lending/research.. https://www.responsiblelending.org/mortgage-lending/research.... So you agree the document you linked doesn't disprove what the other poster said? No one has brought up the 2018 housing crisis.