Download The Color of Money: Black Banks and the Racial Wealth Gap Audiobook

The Color of Money: Black Banks and the Racial Wealth Gap Audiobook, by Mehrsa Baradaran Extended Sample Click for printable size audiobook cover
Author: Mehrsa Baradaran Narrator: Lisa Reneé Pitts Publisher: Tantor Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: September 2017 ISBN: 9781541484856
0 out of 50 out of 50 out of 50 out of 50 out of 5 0.00 (0 ratings) (rate this audio book)
Regular Price: $20.99 Add to Cart
— or —
BEST PRICE!
FlexPass™ Price: $12.95$7.95$7.95 for new members!
Add to Cart learn more )

When the Emancipation Proclamation was signed in 1863, the black community owned less than one percent of the United States’ total wealth. More than 150 years later, that number has barely budged. 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.

The catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. Not only could black banks not “control the black dollar” due to the dynamics of bank depositing and lending but they drained black capital into white banks, leaving the black economy with the scraps.

Mehrsa Baradaran challenges the long-standing notion that black banking and community self-help is the solution to the racial wealth gap. These initiatives have functioned as a potent political decoy to avoid more fundamental reforms and racial redress. Examining the fruits of past policies and the operation of banking in a segregated economy, she makes clear that only bolder, more realistic views of banking’s relation to black communities will end the cycle of poverty and promote black wealth. Download and start listening now!

clna

Quotes & Awards

  • Baradaran's brilliant and devastating analysis leads to an irrefutable conclusion: the racial wealth gap is the product of state law and public policy, and will only be reversed when the same governmental tools that created segregation and discrimination are deployed to end it. Beryl Satter, author of Family Properties

Listener Reviews

Be the first to write a review about this audiobook!
Write a Review

About the Author

Mehrsa Baradaran is an associate professor at the University of Georgia School of Law.

About the Narrator

Lisa Renee Pitts is an award-winning actress in theater, television, and film, as well as an accomplished audiobook narrator and an AudioFile Earphones Award winner.