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> People have even less family wealth in less stable places But we’re comparing whites and blacks in America, so the old “but people are starving in Africa” do
by wobblybubble 5y ago
> People have even less family wealth in less stable places
But we’re comparing whites and blacks in America, so the old “but people are starving in Africa” doesn’t apply here.
So why is there a disparity of family wealth between whites and blacks in America? Any alternative theories? Because “but the bombing of Dresden…!!!” does not explain it.
- inglor_cz 5y agoIt sort-of does, because America is a country based on immigration and many contemporary Americans, not just white ones, have relatively recent background in poorer, less stable, more violent countries. A lot of people who are now living comfortably are kids or grandkids of parents who came with nothing in their pockets. As for your question, I do not have any theory. A viable theory would have to explain the variation of the black-white gap across the US. Looking for data, I found a graph mapping the differences of average black and white income (not wealth) across U.S. states: https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/publications/bridges/2020/volume3/map1_1200px.jpg https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed... If racism was the only root explanation, Pennsylvania would be more racist than Georgia and Wisconsin more racist than South Carolina. That does not seem plausible to me.