Mehrsa Baradaran on Black Banks & the Racial Wealth Gap

Ipse Dixit

In this episode, Mehrsa Baradaran, Associate Dean for Strategic Initiatives & Robert Cotten Alston Associate Chair in Corporate Law at the University of Georgia School of Law, discusses her book, "The Color of Money: Black Banks and the Racial Wealth Gap," which was published by Harvard University Press. Baradaran begins by describing both the conventional wisdom on the history of African-American banks and the very different reality. She explains how discrimination and lack of access to capital have hamstrung African-American banks time and time again, focusing on particular examples of how white economic power undermined the viability of black institutions. And she reflect on the co-optation of black nationalism by the concept of black capitalism. She closes by arguing that structural inequality can be remedied only by redistribution. Baradaran is on Twitter at @MehrsaBaradaran.

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