Wealth is a civil rights problem


iconI wonder why Asian minorities don't seem to be suffering from this problem.

Economic equality has become the paramount civil rights issue of the 21st century, civil rights advocates said as they prepared to celebrate King's birthday on Monday.

Fewer blacks than whites own their houses, get fair loans, invest in the stock market or sit on corporate boards, or have any real control over much of the trillions of dollars flowing in mutual funds, pension plans and the financial markets, they said. [...]

Jackson points out that while minorities put money into mutual funds and pension plans, they are scarcely to be found among the decision makers who determine how those funds and plans are invested. His Rainbow/PUSH organization has called for more diversity on Wall Street, among money managers and board members.

"They should be invested in the people's interest," he said.

Corbett worried about forcing people into a "permanent underclass."

"When people do not have access," he said, "you're leaving those people out of the system."

If anyone is forcing people into a permanent underclass, it's those that practice the soft bigotry of low expectations. Mr. Jackson, please call your office.



Comments (2)      top   link me

Comments

Didn't I just read that home ownership among blacks is at it's highest level ever and continuing to climb?

Posted by: Brass at January 17, 2005 9:52 AM

Personally, the first time my pension fund promotes someone based on the colour of their skin, rather than their financial acumen, will be the last time they see a penny more of my money.

Posted by: robert in england at January 17, 2005 2:54 PM

(c) Ravenwood and Associates, 1990 - 2014

About Ravenwood
Libertarianism
Libertarian Quiz
Secrets o' the Universe
Email Ravenwood

reading
<Blogroll Me>
/images/buttons/ru-button-r.gif

Bitch Girls
Bogie Blog
Countertop Chronicles
DC Thornton
Dean's World
Dumb Criminals
Dustbury
Gallery Clastic
Geek with a .45
Gut Rumbles
Hokie Pundit
Joanie
Lone Star Times
Other Side of Kim
Right Wing News
Say Uncle
Scrappleface
Silflay Hraka
Smallest Minority
The Command Post
Venomous Kate
VRWC


FemmeBloggers


archives

search the universe



rings etc

Gun Blogs


rss feeds
[All Versions]
[PDA Version]
[Non-CSS Version]
XML 0.91
RSS 1.0 (blurb)
RSS 2.0 (full feed)
 

credits
Design by:

Powered by: Movable Type 3.34
Encryption by: Deltus
Hosted by: Bluehost

Ravenwood's Universe:
Established 1990

Odometer

OdometerOdometerOdometerOdometer