By Melvin Oliver, Thomas M. Shapiro
The award-winning Black Wealth / White Wealth offers a robust portrait of racial inequality in accordance with an research of personal wealth. Melvin Oliver and Thomas Shapiro's groundbreaking learn analyzes wealth - overall resources and bills instead of source of revenue by myself - to discover deep and chronic racial inequality in the United States, and so they exhibit how public rules have didn't redress the problem.
First released in 1995, Black Wealth / White Wealth is taken into account a vintage exploration of race and inequality. It supplied, for the 1st time, systematic empirical proof that defined the racial inequality hole among blacks and whites. The 10th Anniversary variation includes completely new and substantial chapters. those chapters examine the continued problems with wealth and inequality in the US and the hot rules which were introduced long ago ten years. a few were revolutionary whereas others merely recreate inequality - for instance the thought to do away with the property tax.
Compelling and likewise informative, Black Wealth / White Wealth isn't just pioneering study. it's also a robust counterpoint to arguments opposed to affirmative motion and a right away problem to present social welfare rules which are tilted in the direction of the wealthy.
Read Online or Download Black Wealth / White Wealth: A New Perspective on Racial Inequality, 2nd Edition PDF
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The award-winning Black Wealth / White Wealth bargains a robust portrait of racial inequality in accordance with an research of non-public wealth. Melvin Oliver and Thomas Shapiro's groundbreaking learn analyzes wealth - overall resources and money owed instead of source of revenue on my own - to discover deep and protracted racial inequality in the US, they usually exhibit how public guidelines have did not redress the matter.
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Additional info for Black Wealth / White Wealth: A New Perspective on Racial Inequality, 2nd Edition
What is in dispute is our understanding of the source of such resounding levels of racial inequality. indb 35 3/23/06 4:54:21 PM 36 / Oliver and Shapiro were responsible for their creation and what are the sources of their continuation? Sociologists and social scientists have focused on either race or class or on some combination or interaction of the two as the overriding factors responsible for racial inequality. 4 Race in this context has a socially constructed meaning that is acted on by whites to purposefully limit and constrain the black population.
A black-towhite income ratio of 77 percent represents advancement and is cause for celebration, while a 19 percent wealth ratio signals the persistence of massive inequality. 26 A focus on wealth, by contrast, alerts one to persistent dimensions of racial inequality. 27 Dwindling Economic Growth and Rising Inequality The standard of living of American households is in serious trouble. For two decades the United States has been evolving into an increasingly unequal society. After improving steadily since World War II, the real (adjusted-for-inflation) weekly wage of the average American worker peaked in 1973.
From its inception FHA set itself up as the protector of the all-white neighborhood. It sent its agents into the field to keep Negroes and other minorities from buying houses in white neighborhoods. 8 Taxation policy, for example, provided greater tax savings for businesses relocating to the suburbs than to those who stayed and made capital improvements to plants in central city locations. As a consequence, employment opportunities steadily rose in the suburban rings of the nation’s major metropolitan areas.
Black Wealth / White Wealth: A New Perspective on Racial Inequality, 2nd Edition by Melvin Oliver, Thomas M. Shapiro