African-American women struggle to overcome wealth gap

When I saw a story on the BBCs website entitled “African-American women struggle to overcome wealth gap”, I must admit I was sceptical. I thought that I would get an article about how western society tramples all over blacks who can’t get ahead of insurmountable obstacles thrown in their path, etc.

What I got, in part, was a surprisingly practical article about how some black women in America (I don’t say African-American.. doh!) are tackling their poverty with good approaches and good results.

The prospects, you'd think, are bleak. But Kenya Williams is far from downhearted. With the help of Allendale County ALIVE, a community development corporation, she's learning how to manage her finances.

"They show me how to budget my money," she says.

Treyonde Allen runs ALIVE's classes in basic book-keeping. She's on a mission to break a cycle of ingrained and inherited poverty.

"I'm trying to instil a culture of saving and budgeting for the entire household," she says.

Ms Allen also warns students of the dangers posed by predatory lenders and lives lived on credit.

"Don't sign up for a credit card just because they're going to give you a piece of pizza and a T-shirt," she tells them. "That stops something right there."

Right at the start of the piece, is an interesting fact.

A recent academic study found that the gap in wealth between white and black Americans had more than quadrupled between 1984 and 2007.

Are we to assume that the treatment of blacks has worsened by a factor of four from 1984 to 2007. Has the station of blacks decreased to account for that gap? No. Look at America now and as I have heard many leftists revealingly admit that they never would have thought that they would see a black man in the Whitehouse in their lifetime, but there he is.

By the way BBC, references please. Anyway. So far so good. Now on to the victimology.

"In this country we call America, for more than 250 years, African-Americans were property," says Anton Gunn, an African-American member of South Carolina's House of Representatives.

...

"African-Americans have just started... to be able to obtain and own anything," he says.

Mr. Gunn. The 60s were fifty years ago. What part of the sentence “African-Americans have just started... to be able to obtain and own anything” is even remotely true? Seriously. How can he say that? Bold faced lie? Or delusional distortion of reality brought on by a deep victim mentality. Probably the latter.

But Bernie Mazyck, president of the South Carolina Association of Community Development Corporations, says narrowing the wealth gap in America needs to start with a more honest conversation about how we got here.

"There are reasons why blacks are still behind the ball when it comes to accumulating wealth," he says. "It's a conversation of basic economics."

Yes it is basic. You live sensibly and take personal responsibility and you will accumulate wealth. If you work hard and live by some sensible rules (like don’t leave your current job until you have another, etc) then you will likely do well, you don’t live in the gulag. Over time, you will have more and your mentality will be passed onto your children who will likely grow up with more opportunity than you had and will succeed even more. Thus you have lifted yourself out of poverty.

The most acidic thing to destroy the potential of this happening is attitudes like Bernie Mazyck’s. Dwelling on the past is a road to the ruin of many black people’s lives. Does anyone here think Mr. Mazyck’s call for “a more honest conversation” is itself honest? I don’t think so. I think that at the first sign of arguments like the ones contained in this blog post will generate cries of “racist” and “bigot”.

Posted under: Gender Issues, Politics
Posted on: Wednesday, July 07, 2010 12:02 AM
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Comments

  1. Posted by: Pankaj on 7/7/2010 4:51 PM
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    Mark,

    Let me present a counter point. Like any person growing up in a relatively closed society.. i.e. learning from public schools, general exposure to pandering and distorting mass media - some people just don't know history that well. It is wholly within the range of possibilities that some people don't know that American blacks in some parts of the country owned property even before the 1851 war for southern independence. That's far more than the 50 that you pointed out.

    As to "It's a conversation of basic economics." I cannot stress how true this is! As a non-black, non-american, I have to admit that my economic ideas were shaped by the cult-ure I grew up in. It wasn't until I was close to 30 and gained insight into first the Chicago and then the Austrian school of economics that I realized how wrongheaded my ideas were. On the other hand, I would point out that even the "white" American population is not exactly economically sound anymore. Their forefathers used to be much more sane and the current society is rolling on consuming out all the economic inertia towards a much poorer and economically stupid society.

    It is ironic that in a society on the verge facing a fiat currency collapse, blacks are taught to save (probably in the same currency) and this if taken by the black youth itself will become a source of impoverishment of their generation as well when the paper currency does collapse. Those that will see the situation as "Right thing. Wrong time" will be few and unfortunately this will mean that the black community will remain poor due to the efforts of the do-gooders.
  2. Posted by: Pankaj on 7/7/2010 5:06 PM
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    One more thing - its interesting how "African-American" men are almost left out of the picture as if they don't matter. I am not an egalitarian, so not suggesting that they should do "equal coverage" etc.. But, if those teaching others "good" habits knew more about economics they would realize that they are trying to drag a cart without one of its wheels.

    Families without good men (who come about from raising boys properly) may not be destined to be poor, but are destined to struggle.

    Regretfully, the best case cited also pleads obliquely for home ownership. That too after a severe bubble in the housing market. A home can be made into a capital good - and thus utilized for wealth generation, so it is true what they are saying, but the same thing is true of every other good that can be utilized as capital.
  3. Posted by: Jay R on 7/8/2010 7:34 AM
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    I heard this report on the BBC. Never did they mention fatherlessness as the primary reason why black americans are lagging economically. With a 70% single-motherhood rate, and marriage largely a thing of the past for black women, what does anyone expect? The lack of a father in the household is the single largest predictor of female and child poverty.

    Interesting, isn't it, that government policies continue to marginalize men from family life? Could it be that the government is actually trying to create more of the problem it ostensibly is trying to "combat" in order to justify its own expansion and increased control over individuals' lives?
  4. Posted by: Mark on 7/8/2010 2:18 PM
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    @Pankaj
    When I was referring to the 60s I meant that many on the left are fighting the ideological battles of the past, many of which are identified by the 60s era. I knew that blacks could own property and posessions before that but didn't feel like finding out the exact number so I mean the phrase in the sense of "get over the past".
  5. Posted by: Pankaj on 7/20/2010 1:39 AM
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    Okay. No worries. Just pointing out the obvious nonsense leftisty (I have some reservations to allocating 'leftist' label to socialist/egalitarian types) folks make out of history to make themselves .. invested in the past. Far contrary to "get over the past" like you suggest, they love this crap.

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