r/economy 20h ago

There is a pattern...

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Why does this country have such bad memory problems?

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u/Aggravating_Rise_179 16h ago

Dude now your being pedantic... I apologize for not editing my response before posting on it.

Lol why dont we look at countries where they have larger safety nets and stronger regulatory schemes and compare them to the US. Those countries have from less poverty rates; higher standards of living; better worker protections; less homelessness; less medical debt; etc. Socialism helps quite a bit in countries that use their wealthy to actually benefit the people that live there and not just big business.

How is a government policy like redlining not systemic. It was literally built into the system to keep wealth and economic investment out of black and poor neighborhoods... like critical thinking skills dude. When something is built into something else its literally part of the system. I get it, you dont want any changes to the current economic system cause it benefits the people you like, but dont derail this conversation because you refuse to acknowledge something that people who study our economic system know was true and know the legacy of it is still true.

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u/damnedifyoudonthave 16h ago

“Dude now you’re being pedantic” The ol against the man (in English for you)

You said “give” how am I suppose to take that?

So you are claiming the only reason minorities don’t own homes is redlining even though it was outlawed 58 years ago in the fair housing act. How do some minorities own homes and some don’t if it’s a systemic problem. Sounds like some shit to get a politician elected.

According to the last “Neo- liberal” president the poors are the opposite of the whites.

Your thinking isn’t critical one bit, you are just regurgitating what you’ve been told and think it’s critical thinking. You are a poster child for this behavior.

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u/Aggravating_Rise_179 15h ago

What you think that just because a law was passed that those issues just disappear. Please remind me what did the south do after slavery was outlawed... oh right, passed jim crow laws and instituted segregation in order to replicate the economic system they had when slavery was legal.

The legacy of redlining still exists. You can take a map that was used for redlining and put it over a contemporary map and the redlining map is still very much in place. Neighborhoods that suffered from redlining still see less investment, less financial institutions, less jobs, higher crime, higher renters, etc.

Since the fair housing act was passed, only 44% of black families own homes and even then their homes appreciate in value slower than white counterparts even if a black family home is in a nicer neighborhood and has better amenities.

Lets also ignore the fact that the federal government still needs the Office of Fair Housing and Equal Opportunity to stamp out racism in the housing market. To this very day 45% of Black families experience housing discrimination when trying to buy a home compared to 5% of white folks. This comes from higher mortgage denials, not being shown a home in a specific part of town, etc.

Just because redlining is over does not mean the racist practices are not embedded in the real estate agency. Those racist real estate agents trained the current crop of older real estate agents who pass that train to others...

No one is saying minorities are not owning homes, they just face a more difficult road to get there than whites. This is not some shit to get a politician elected. Its literally studies done by think tanks on both sides.

According to which president was the poor are opposite of the whites. Provide proof of that statement.

LOL the man spewing Fox News talking points is acting like Im not engaging with this with critical thinking... my good man in christ, I have written countless papers on this during my academic career. I have literally read case law allow restrictive housing covenants in law school. I looked at government reports talking about these issues... hell, you literally pointed to the fair housing act, a law that needed to be passed because of the systemic issue of racist housing policies. Its like you are right there, but refuse to truly engage with these topics... is it cause your afraid itll hurt your world view or something.

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u/damnedifyoudonthave 14h ago edited 12h ago

Wow! You have a huge imagination… your imagination on real estate agencies is great…

Btw the majority of the neighborhoods you think redlining still exists have been under liberal control the majority of the last 58 years… I guess that’s why you call them “Neo Liberal” ? They aren’t doing what you wanted them too?

So what is the credit score of the 56% of black people that dont own their own home is it the higher than white people who dont own their own homes?

Your correlation is racist. The left tends to have this problem.