7 Takeaways From Dr William Darity’s Discussion With Dr Glenn Loury On Wealth Inequality In Ethnic Groups

Tuesday, September 25, 2018
The World News

The way people think about racial inequality in the U.S. is fundamentally flawed, says William A. “Sandy” Darity.

Much of that reasoning requires buying into a view that Black people are somehow dysfunctional. The evidence does not support that narrative.

Much more accurate is the narrative about the structure of U.S. society and the systemic ways in which it has restricted, constrained, and, in some case, destroyed the lives of Black people, says Darity.

That’s why it’s important to study disparities within — and across — ethnic groups.

“What’s missing in much of the discourse is attention being paid to the disparities that exist among racial and ethnic groups. Intergroup inequality is what we must understand to have a full understanding of the way in which inequality has unfolded in the last century.” — William A. “Sandy” Darity

Considered one of the leading economists in the U.S. and an expert in wealth inequality, Darity is a professor of public policy, African and African American studies and economics at Duke University, where he directs the Samuel Dubois Cook Center on social equity.

Darity’s research found that unequal wealth distribution is a racial issue. We are revisiting a 2016 video interview where Darity discussed the importance of inherited wealth, the success of certain disadvantaged groups, and his proposed wealth-gap solution — Baby Bonds.

The interview was conducted by economist Glenn Loury on “The Glenn Show” on Bloggingheads.tv at Brown University and published on YouTube in February 2016. Loury is the Merton P. Stoltz professor of the social sciences and professor of economics at Brown University. He and Darity go way back, Loury said. They attended MIT together in the ’70s.

Darity and a team of scholars have produced a series of reports on wealth disparity and the implications for U.S. economic health, equity and social justice. He was faculty sponsor for a project funded by the Ford Foundation called the National Assets Scorecard for Communities of Color.

“(Darity and Hamilton) have been instrumental in shaping the entire movement around the racial wealth gap in this country,” said Maya Rockeymoore, president and CEO of the Center for Global Policy Solutions. “We consider them leaders in the field.”

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