Search results
financial system. Mehrsa Baradaran's book, The Color of Money, is a seminal work that examines the historical and ongoing effects of race and wealth on access to banking services, unveiling the destructive consequences of financial exclusion for marginalized communities.
Jan 29, 2019 · Mehrsa Baradaran’s The Color of Money studies the role of financial structures in the American racial wealth gap. Noting that 60% of black Americans — relative to 20% of white Americans — are either unbanked or underbanked, Baradaran describes how depictions that attribute such inequality simplistically to racism ignore the colossal ...
Book review by Kristin Langen. Mehrsa Baradaran combines research on social movements, law and heterodox economics to explain in a clear, easily accessible and convincing manner the struggles Black banks face due to structural racial inequalities. The Color of Money is as much enriching for people without economic background as it is for academics.
The Color of Money pursues the persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. Studying these institutions over time, Mehrsa Baradaran challenges the myth that black communities could ever accumulate wealth in a segregated economy.
Mar 7, 2019 · The book goes on to document the establishment of early black-managed banks to serve communities cut off by Jim Crow laws from full participation in the U.S. economy. Baradaran gives an insightful explanation of the causes of a weak black banking system.
This book tells the story of how the wealth gap was created, maintained, and perpetuated. To tell the story, this book lifts the hood on the engines that the black community has used to fight this gap for generations—black banks. Banks are the drivers of wealth creation for any society, and banking policy is integrally
Mehrsa Baradaran's book, The Color of Money, is a seminal work that examines the historical and ongoing effects of race and wealth on access to banking services, unveiling the destructive consequences of financial exclusion for marginalized communities.
