The Color of Money
Stars: 4/5
Very good. If you're like me, you’ve probably read a number of books on the African-American experience spanning the gamut, from historical to present day perspectives. Here's another for your bookshelf from a economic standpoint, covering: black banking, corporate & government malfeasance, and their persistence of a financial policy intended to keep black communities in a state of financial disrepair.
Professor Baradaran ranges from the beginning when “...the currency of the South was the slave” and the government’s underhanded dealing of the Freedman’s Savings Bank, to President Nixon and his approach (Black Capitalism) to counter Black radicalism of the 70’s, to the FDIC’s unscrupulous behavior in handling the failure of the Freedom National Bank of Harlem. All this, and more, revealing how these deliberate actions, behavior and strategies are meant to maintain economic inequality.
video: Postal Banking: An old solution to a new problem. M. Baradaran. TEDxUGA
See all Book Reviews
No comments:
Post a Comment