An eye-opening, powerful argument for working ever harder for racial equity.
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A head-on consideration of the costs of American racism.
Former Demos president McGhee undertook her first project for the organization by studying credit card debt—which, by the early 2000s, was far more likely to affect Black and Latinx families than White ones. When the subprime mortgage bubble burst, that problem became ever more urgent. However, as the author notes, Congress made it worse when it caved to the demands of the credit industry, after which “many of my fellow advocates walked away convinced that big money in politics was the reason we couldn’t have nice things.” One senator she overheard in the halls of the Capitol railed that the cause was the irresponsibility of minorities themselves, which set her on a diligent investigation of coded racism in the financial sector, which hinges on the zero-sum assumption that any gain for Blacks, say, would mean a concomitant loss for Whites. Not so. To this day, throughout the old Confederacy, the counties most dependent on slavery are the poorest today. “When slavery was abolished,” writes McGhee, “Confederate states found themselves far behind northern states in the creation of the public infrastructure that supports economic mobility, and they continue to lag behind today. These deficits limit economic mobility for all residents, not just the descendants of enslaved people.” Compassionate but also candid about the tremendous challenges we face, the author clearly shows how Southern racism extends throughout the country today. Those most opposed to unions, public education, and integration are mostly those at the top of the financial ladder; those lower down, of whatever ethnicity, wind up paying richly. In Chicago, McGhee estimates the cost of segregation is $4.4 billion in income and $8 billion in GDP. Restoring public goods is only a start in addressing those costs; the larger task, she writes provocatively, is getting Americans of all ethnicities to believe that “we need each other.”
An eye-opening, powerful argument for working ever harder for racial equity.Pub Date: Feb. 16, 2021
ISBN: 978-0-525-50956-1
Page Count: 448
Publisher: One World/Random House
Review Posted Online: Dec. 22, 2020
Kirkus Reviews Issue: Jan. 15, 2021
Categories: ISSUES & CONTROVERSIES | CURRENT EVENTS & SOCIAL ISSUES | PUBLIC POLICY | ETHNICITY & RACE | POLITICS
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“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 29, 2019
Kirkus Reviews Issue: Sept. 15, 2019
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SEEN & HEARD
One of the best pitchers of his generation—and often the only Black man on his team—shares an extraordinary life in baseball.
A high school star in several sports, Sabathia was being furiously recruited by both colleges and professional teams when the death of his grandmother, whose Social Security checks supported the family, meant that he couldn't go to college even with a full scholarship. He recounts how he learned he had been drafted by the Cleveland Indians in the first round over the PA system at his high school. In 2001, after three seasons in the minor leagues, Sabathia became the youngest player in MLB (age 20). His career took off from there, and in 2008, he signed with the New York Yankees for seven years and $161 million, at the time the largest contract ever for a pitcher. With the help of Vanity Fair contributor Smith, Sabathia tells the entertaining story of his 19 seasons on and off the field. The first 14 ran in tandem with a poorly hidden alcohol problem and a propensity for destructive bar brawls. His high school sweetheart, Amber, who became his wife and the mother of his children, did her best to help him manage his repressed fury and grief about the deaths of two beloved cousins and his father, but Sabathia pursued drinking with the same "till the end" mentality as everything else. Finally, a series of disasters led to a month of rehab in 2015. Leading a sober life was necessary, but it did not tame Sabathia's trademark feistiness. He continued to fiercely rile his opponents and foment the fighting spirit in his teammates until debilitating injuries to his knees and pitching arm led to his retirement in 2019. This book represents an excellent launching point for Jay-Z’s new imprint, Roc Lit 101.
Everything about Sabathia is larger than life, yet he tells his story with honesty and humility.Pub Date: July 6, 2021
ISBN: 978-0-593-13375-0
Page Count: 288
Publisher: Roc Lit 101
Review Posted Online: May 12, 2021
Kirkus Reviews Issue: June 1, 2021
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