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Despite ill-intended efforts to do it for us, Black Americans have a responsibility to define our own reality. It is a fundamental human right recognized and respected by the United Nations. Therefore, it is incumbent upon us to define, without apology, the deadly and debilitating manifestation of racial discrimination and injustice as “economic racism.”
Why does the American economy remain racially segregated in 2015? Why are Black Americans consigned to poverty and economic inequality?
The answer is amazingly simple: It is the reality of economic racism, defined as the intentional racial discrimination against Black Americans and other people of color to prevent economic equality, justice, parity, advancement, and empowerment; it is the systematic racial exclusion of Black Americans and other people of color from economic policy-making at local, state and national levels in both corporate and governmental entities; and, it is economic institutionalization of racial oppression, stereotyping, and profiling coupled with the ignorance of racial prejudice and hatred.
Yes, this is an admittedly complex definition of economic racism. The matrix of complexity concerning economic racism, however, does not make it impossible to challenge and to overcome. No one is born a racist. We can and will eventually liberate ourselves from all forms of racial oppression and economic racism.
We have not concentrated on economic racism as much as we should have because of the overemphasis on politics. But we eventually had to recognize that even our political system is controlled by economics and politicians tend to be more responsive to those who support their campaigns economically.