![]() She finds that black banks as institutions are still subject to the same discriminatory practices as black individuals. Essentially, she lays out the ways in which the black community has been tricked into funding white institutions no matter how hard we try not to. ![]() ![]() ![]() This text shows the complex ways in which American capitalism was built on the exploitation of Black labor, and how the way Black people in America can acquire and use money is inherently different from the ways in which whites can.īaradaran also looks extensively at what generates money in black communities and then shows all the ways that white people have engineered black banks to be unsustainable. She then demonstrates how dangerous it can be for Black Americans to take their money out of circulation and focus only on Black communities. She begins by giving a history lesson on Black wealth accumulation and explains why it has been nearly impossible for Black-owned banks to stay alive. ![]() In The Color of Money Mehrsa Baradaran breaks down what these two phrases mean and why keeping money in the Black community is both more complicated and counterintuitive than it may seem. You may have heard people say, “We should keep our business in our communities” or “support Black banks” but not completely understand what that means. ![]()
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