Modern day systemic racism, does it exist?

[IWalkAlone]

What you don't understand is banks are a part of the system. You are proving you don't know what systemic racism actually is. Too bad for your argument. You should do more study on the subject instead of applying your own definition to terms you don't understand.

No banks are not part of the government system. The system that actually protects its people from discrimination.

 

[IWalkAlone]

You need to do more than that to understand the problem. Try an academic journal or 2.

Maybe you do. You can't refute my points.

 

[rturner76]

No banks are not part of the government system. The system that actually protects its people from discrimination.

Are to talking about the FEDERAL banking SYSTEM?

 

[rturner76]

Maybe you do. You can't refute my points.

Been there, done that. Your argument seems to be "nuh-uh"

 

[IWalkAlone]

Been there, done that. Your argument seems to be "nuh-uh"

No its just a fact. You haven't refuted my point. Nothing more to it than that.

 

[Estrid]

.
I guess people do prove it. In Houston for one example.
In August 2021, the department announced a redlining settlement with Cadence Bank. Under the settlement, Cadence will invest over $5.5 million to increase credit opportunities for residents of majority-Black and Hispanic neighborhoods in Houston.
Justice Department Announces New Initiative to Combat Redlining

That should help get any holdouts to rethink.
Whatever, it does not seem like a national issue,
the less so in what is clearly an increasingly dangerous world.

 

[IWalkAlone]

Are to talking about the FEDERAL banking SYSTEM?

the government regulates these lenders but is the government the lender? Does it rake in all the profits?

 

[Estrid]

I know you are but what am I? Look it up sometime. You will see racism is real even though we have a civil rights law. It's not followed in many cases. It's hearts and minds, not just racist laws.

I expect "racism" of some sort is hardwired into
the human psyche, just as rejection of "diiferent"
is common among social animals.

 

[rturner76]

That should help get any holdouts to rethink.
Whatever, it does not seem like a national issue,
the less so in what is clearly an increasingly dangerous world.

If it doesn't seem like that you should talk to some people who were denied housing for no reason. I've been a landlord and I have spoken to other landlords who used to try and tell me the races that make the best tenants. One guy really broke it down for me. "I usually try to rent to Mexicans, they are scared of the law so they are really quiet tenants. I don't rent to Indian or Pakastani people because their cooking smells up the building and so on. It happens EVERYWHERE. You must have forgotten this USA was founded on racist values. A lot of people have not let it go.

 

[rturner76]

the government regulates these lenders but is the government the lender? Does it rake in all the profits?

They work for mutual benefit. They are members of the government agency the FDIC.

 

[IWalkAlone]

If it doesn't seem like that you should talk to some people who were denied housing for no reason. I've been a landlord and I have spoken to other landlords who used to try and tell me the races that make the best tenants. One guy really broke it down for me. "I usually try to rent to Mexicans, they are scared of the law so they are really quiet tenants. I don't rent to Indian or Pakastani people because their cooking smells up the building and so on. It happens EVERYWHERE. You must have forgotten this USA was founded on racist values. A lot of people have not let it go.

The problem is people think racism is a white problem, blaming only the white man. Thats actually racist itself.

 

[Estrid]

If it doesn't seem like that you should talk to some people who were denied housing for no reason. I've been a landlord and I have spoken to other landlords who used to try and tell me the races that make the best tenants. One guy really broke it down for me. "I usually try to rent to Mexicans, they are scared of the law so they are really quiet tenants. I don't rent to Indian or Pakastani people because their cooking smells up the building and so on. It happens EVERYWHERE. You must have forgotten this USA was founded on racist values. A lot of people have not let it go.

Thats nothing to do with. " founding on racial values" .

Ftm, one of my friends at uni *
rented a place with no kitchen exhaust fan.

You familiar with Chinese kitchen?

*in USA

 

[IWalkAlone]

They work for mutual benefit. They are members of the government agency the FDIC.

Shareholders own it.

 

[Eftsoon]

Shareholders own it.

Systemic racism is embedded in systems and institutions, not necessarily government institutions. It can be private schools, banks, shops etc. In addition, for those organisations to practice racism in an organised way, there is often has to be government complicity.

 

[IWalkAlone]

Systemic racism is embedded in systems and institutions, not necessarily government institutions. It can be private schools, banks, shops etc. In addition, for those organisations to practice racism in an organised way, there is often has to be government complicity.

I'm talking about the government. The government actually protects its citizens

 

[RDKirk]

You don't seem to really understand what systemic racism is.

We've already established in this thread that a couple of different definitions are being bandied about.

There are also terms such as "structural" and "systematic" to be considered.

Sometimes new terms are invented, or definitions changed, just to create a meaning, such as the recent re-definition of "racism" to include "power" for the specific reason of preventing the word from being applied to a minority group or individual.

So we can use "system racism" as a term based wholly on gross statistics without having to pinpoint where the problem is actually occurring. All the term means, practically speaking, is "there are a lot of individual racists occupying niches where they can affect the lives of individual minority members."

What correction to that can be made that might not be worse than the problem? And, yes, a Procrustean solution is worse than the problem.

One factor I've not been able to get information about with regard to blacks unable to get home loans (and I'll note anecdotally that I've never run into that problem) is whether the statistics are corrected for property location and house condition. Is the individual being redlined or is the property redlined? I'm not convinced that a bank should be required to invest--because that's what a home loan is--in a property that is declining in value, regardless of the creditworthiness of the applicant.

 

[rjs330]

That in no way explain why the median household income over the last 40 years has been significantly lower than white family median incomes.

It shows how a percentage of people may go for low-paying majors but it certainly doesn't actually explain why the OVERALL MEDIAN household income is lower.

Unless you think the VAST MAJORITY of black people prefer low paying jobs.

Of course it does. Because blacks as a whole work jobs that pay less. AND they undoubtedly are more represented under the poverty line.

So even when they do work, they are working the types of jobs that pay less instead of pursuing careers that pay more.

The median income has to do with all income. 50% of blacks earn middle income wages or higher. About 20% live below the poverty line. That's bad. The opportunities are there, but they are not taking them. And it is the democratic party that is working so hard to convince them they can't cause America is so racist the odds are so against them and they need the Democratic Party to give them stuff otherwise it's hopeless.

 

[rjs330]

Some of the hardest working people I know and see are at the bottom rungs of wages. Even Jordan Peterson points out that "working hard" is not the answer.

I agree to a point. I think working harder helps in a specific career. It can make a difference all things being equal. BUT you have to choose the right career. No matter how hard you work, a janitor is not going to make as much as a plumber. One plumber however may make more than another cause they work harder.

 

[rjs330]

The way schools are funded, being in a poor area ensures a poor education. Are people in the "ghetto" usually poor? Yes. Because of housing discrimination, blacks are herded into certain areas to let white folks live in minority free zones.

Poppy [bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse]. Blacks are not herded into certain areas. It's not like they are taken out of nicer neighborhoods and forced to move into the poor neighborhoods.

There was undoubtedly in times gone by situations where wealth left those areas.

But anymore? No. And blacks can leave. They don't have to stay.

Now I do agree with the funding issues. But you know who is primarily in charge of that stuff? DEMOCRATS!

We as a society can definitely do better and in some places the republicans tried with school vouchers etc, but they just got shot down again by democrats.

It IS time to fix the school funding problems. However, that being said, many of those inner city schools are a mess not because of money issues, but behavioral issues. From kids not going to school, missing school, not taking school seriously and misbehaving when they are there. That is NOT a racial issue.

 

[rjs330]

Are these black people qualified for a lone? I can't see greedy lenders caring about any color but green.

And it's precisely what happened during the housing bubble. Banks giving loans to prove thay were high risk of not being able to repay them.