Friday, August 29, 2014

The economics of American racism (9 charts, 1960 to 2014)

Click here to access article by David Ruccio from Real-World Economics Review Blog.

It appears to me that the US ruling class (aka the One Percent), like most ruling classes, likes to foment division among its potential adversaries (the Ninety-Nine Percent). These nine graphs attest to their success in doing this via racial discrimination in favor of European-Americans in spite of occasional rhetoric to the contrary, laws prohibiting such discrimination, and the election of a president who is widely seen as an African-American in racist-ridden US society in spite of the fact that he was mostly raised by a white grandmother who was a banker and educated at elite schools (see my commentary here).