income mobility expenditures

The "State of the Dream" & The 30-Years Conservative Nightmare

by: Paul Rosenberg

Sat Feb 21, 2009 at 19:53
As I explained in my previous diary dealing with the "State of the Dream 2009" report, in this diary, I want to I want focus in on the confluence of several driving dynamics behind the persistence of the deep economic divide between the races. These are:
    (1) The pre-existing racial disparities in wealth and income dating back to the pre-Civil Rights Era.

    (2) The sharp break between pre-1975 liberal economics and post-1975 conservative economics, after which economic advancement was sharply concentrated amongst the more affluent, and particularly the super-rich.

    (3) The concentration of wealth-promoting policies on those who need it least-those who are already among the most affluent of all Americans.
This combination of factors shows that there is a very real, hard-core economic explanation for why blacks (as well as Latinos) have been mired in struggle economically, despite the fact of tremendous efforts over the last four decades.  This combination of factors also ties back into conservative ideology, which is directly responsible for closing off opportunities for poor people in general, and for blacks and Latinos in particular.
There's More... :: (22 Comments, 1910 words in story)






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