The racial wealth gap is among the most dire problems in contemporary society. As of 2014, Black households had fewer than seven cents for every dollar owned by white households. This situation of racial wealth inequity is disturbingly similar to the one that existed at the end of slavery.
Today, we welcome back to the show Mehrsa Baradaran, our guest from episode 30. We speak to Mehrsa about her recent book about the history of the racial wealth gap and how Black banks — a solution that is often suggested — have instead operated as a decoy, and distracted from more far-reaching solutions.
Mehrsa Baradaran is author of The Color of Money: Black Banks and the Racial Wealth Gap. She is Associate Dean for Strategic Initiatives & J. Alton Hosch Associate Professor of Law at the University of Georgia School of Law.