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Economic Security

Racial equity work on economic security includes attention to wealth and poverty. Economic security is also sometimes defined as the distribution of opportunities such that individuals can meet their current basic needs, and are reasonably likely to be able to meet those needs in the future. Economic security crosses multiple issue areas, institutions and systems. For example, as described by the ILO (the International Labor Organization of the United Nations), economic security “is composed of basic social security, defined by access to basic needs infrastructure pertaining to health, education, dwelling, information, social protection and work-related security.”


This definition is helpful in two ways. First, it suggests some of the systems and institutions where there might be entry points for changing opportunities, policies and structures towards more equitable economic security. Second, the wording does not i [...]

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“The racial wealth gap itself is an implicit and cumulative economic measure of our racist past. That past began with Blacks serving as capital and evolved into a system in which whatever capital Blacks may have established, in addition to their physical bodies, was always vulnerable to state-directed or facilitated confiscation. As a result of this, coupled with the state’s failure to protect them against White supremacist theft, destruction, and fraud, Black people have very little ownership of America’s land or means of production. Hence, a reparations program should include compensatory resources for Blacks whose ancestors were the victims of racist U.S. policies and state-sanctioned ‘vigilante violence.’”

~ Darrick Hamilton & Naomi Zewde, “Truth and Redistribution: How to Fix the Racial Wealth Gap, End Plutocracy, and Build Black Power” (YES! Magazine)

SPOTLIGHT

Wealth Inequality in America – politizane

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