Economics of Systemic Racism

America's long overdue awakening.


Photo by Maria Oswalt on Unsplash

Systemic Racism

The Persistent Inequity

These past few weeks of heightened activism highlights that our nation is waking up to the injustices that our communities have faced for decades. Every person with common sense can acknowledge the rawness of the abuse people of color experience in this country, from the ongoing indignities to the extreme violence, like the horrendous killing of George Floyd. Why does racism still exist? Our country has overcome many social, economic, and political barriers, yet racism is still prevalent in our society. Systemic racism, or institutional racism, is a form of racism expressed in the practice of social, economic, and political institutions. Today, African-Americans face continuing disparities in terms of wealth, employment, education, housing, and representation in leadership positions. Much of this is due to the detrimental economic effects of institutional racism.

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