A prominent Black activist and YA author delivers a damning, resounding study of the many ways in which fiscal equality is denied to non-White people in the U.S.
“We know we’re equal to white people,” writes Jones. “Only a person in the deepest throes of the white supremacist delusion would say we aren’t. But now we’re fighting for equity. And we won’t get to equity until we rethink the system from the ground up.” By way of a pointed, memorable example, she looks into the history of Monopoly, which, she holds, was designed to teach players not how to get rich but how the financial system is rigged in favor of would-be monopolists—and certainly against Black people, who are legally thwarted or beset with violence whenever it appears that they are making advances. Whites, Jones notes, hold 90% of all wealth in the U.S. even though they represent less than 60% of the population. One reason for this bounty is that home loans and other intergenerational wealth-building instruments, including college loans, were readily extended to Whites while being withheld from Blacks. Jones fires with both barrels, sometimes inaccurately: It’s true that Black popular culture has been appropriated without proper compensation, though not in the case of Elvis Presley’s hit “Hound Dog,” which she attributes to Big Mama Thornton when in fact it was written by Leiber & Stoller. Still, the author’s points are well taken: Black communities can close the wealth gap only with resources that pass from one generation to the next. Jones advises measures for a sort of Reconstruction 2.0 that would channel reparations to institutions and not individuals. “Structural issues are what brought us here,” she writes, “and so structural changes should walk us out of here.” The author also argues that self-improvement, from education to exercise to financial literacy, is “the most revolutionary thing you can do” for people within the Black community.”
Demanding better, Jones provides a wise, measured look at the economic and social landscape of America.