Multiple and perverse equilibria can exist--it was the economically rational thing in 1950's South (at least in some models) for people to discriminate. And eve

Multiple and perverse equilibria can exist--it was the economically rational thing in 1950's South (at least in some models) for people to discriminate. And even if formal discrimination might have disappeared eventually, it's a bit too easy to condemn in retrospect an entire generation of people to continued oppression just to satisfy some ideological gesture.