|Combating Economic Racism In America|
Some scholars on the historical etymology of the term racism have proffered that it can be both, intentional or unintentional, while the results produce exactly the same terrible harm and injury to its targeted victims. But I believe, however, that economic racism is premeditated, deliberate, calculated and solely intentional.
For example housing racial discrimination is intentional. It is not an accident or the so-called unintended consequence of racial bias or prejudice. Millions of Black Americans are experiencing financial hardship today at a significantly higher percentage rate than other racial groups as a direct result of housing discrimination and the systematic denial of access to home ownership.
From Ferguson, Mo. to New York City to North Charleston, S.C. to Baltimore, there continues to be a pattern of fatal police brutality. Yet, what is not sometimes focused on is the undergirding consignment to poverty and economic inequality of the Black American community that gives rise to wanton police violence and misconduct.
I defined economic racism as the intentional racial discrimination against Black Americans and other people of color to prevent economic equality, justice, parity, advancement, and empowerment; it is the systematic racial exclusion of Black Americans and other people of color from economic policy-making at local, state and national levels in both corporate and governmental entities; and, it is the economic institutionalization of racial oppression, stereotyping, and profiling coupled with the ignorance of racial prejudice and hatred.
Recently, the Congressional Black Caucus (CBC) under the leadership of Congressman G.K. Butterfield released a national study titled, "Economic Challenges in the Black Community." The research document was prepared last month by the Democratic staff of the Joint Economic Committee of the U.S. Congress.
The following eight highlights of the study substantiate the devastating impact of economic racism on Black America:
One-in-three (33 percent) Blacks in their late teens and one-in-five (20.2 percent) Blacks in their early 20s are unemployed .High unemployment rates among young African Americans early in their careers can hurt their long-term employment and earning prospects.