![]() ![]() ![]() Over 150 years later, Black people still own less than 2% of total wealth in America. In 1863, Black people owned 0.5% of the nation’s wealth. The same forces that create the need for Black banks also prevent their success. Check out my top three lessons from The Color of Money below! 1. While I’m already a sucker for intricate research and well-reasoned analyses, Baradaran traces the history of the racial wealth gap in a way that completely reimagines Black economic empowerment. Mehrsa Baradaran’s The Color of Money is a game-changer. “Instead of working to break down the walls of segregation and the poverty trap they had created, the ghetto would be sent entrepreneurs.” Mehrsa Baradaran, The Color of Money: Black Banks and the Racial Wealth Gap ![]()
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