Professor Mircea Barada, Biden, Federal Government discussed on Amanpour

Amanpour
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Automatic TRANSCRIPT

When I became a Republican or when I was attracted to conservative thinking it was because Conservatives and Republicans stood for something, and I just see so much less of that these days. It's really just. Hey, we're not them. And! That is not a winning message, long term and so yeah I think that that the party my hope is, is that a massive Biden victory and that's not assured i. also I'll tell you, but that a massive Biden victory will force the kind of reckoning needed in the party. Fascinating certainly fascinating to hear from a Republican how you are targeting Republican voters, and of course your colleagues at the Lincoln Project doing the same or similar and trying to go all the way down ballot as well so we'll wait, and we'll watch and thank you so much for joining us on this. Now the data shows that the median white family has times more wealth than the average black family. Our next guest Musa Baron is a law professor at the University of California Irvine in her award, winning book, the color of money, black banks and the racial wealth gap. She examines how black communities have been systematically shut out of the banking system. It's a big brick in the wall of structural racism and I'm Michelle. Martin has been looking into these issues even before the current crises that we've been talking about that a sweeping America, but of course this conversation just shows how prescient these warnings have been. Professor Mircea Barada on. Thank you so much for talking to us. Thank you so much for having me. Your latest book is called the color of money. Black banks and the racial wealth gap is specifically about the role of black banks, but your work is so much more than that one of the things that you say in the book. Is the wealth gap is where historic injustice breeds present suffering that this is rooted not just in slavery, but in the history immediately following slavery. How does slavery which ended in eighteen, sixty five have present-day consequences. One of the things I try to do in the book is to. Look, the myths that we tell ourselves about of American capitalism and then kind of show the reality show the gap between right, so the myth is that once slavery was ended. There was sort of capitalism and free markets and you. Since then there has been equality, and the reality is in the on the economic front. The American markets were not open and capitalistic and free right specifically in the protection block property, which was never their exclusion from certain jobs and market so after the civil war. And emancipation, instead of getting land the free leave did not get did not get land. They got this savings bank. They put their money in the savings. Make trusting it. I'm thinking that it was backed by the full faith and credit of the federal government, which it was not, it was advertised be, and they lost half their wages, and this is in a time of heavy segregation and..

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