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Capitalism: The New Segregation By Lewis Eldridge,

  • Title: Capitalism: The New Segregation
  • Author: Lewis Eldridge
  • ISBN: 9780692716199
  • Page: 277
  • Format: Paperback
  • As the wealthiest 1% of the entire American population owns 99% of the United States total cumulative wealth, likewise, the wealthiest 1% of all African Americans currently owns 56% of the combined African American cultural wealth as of 2011 This phenomenon occurred within the exact same two decades of capitalistic victory celebrations after the end of the Cold War, in 1As the wealthiest 1% of the entire American population owns 99% of the United States total cumulative wealth, likewise, the wealthiest 1% of all African Americans currently owns 56% of the combined African American cultural wealth as of 2011 This phenomenon occurred within the exact same two decades of capitalistic victory celebrations after the end of the Cold War, in 1991 During the same 20 years, 1991 2011, exactly one generation, while the U.S experienced the decadence of toxic leveraged debt leading to the greatest housing market crash in the history of humanity, a global economic crisis, and the Great Recession, African Americans, simultaneously, experienced the rise of the celebrity class which established the obvious realities of assimilation, acculturation, and the polarization of internal ethnic and cultural capitalism, i.e the rich and the poor class According to projections, complete assimilation will occur, mirroring the present American economic polarization of wealth, when the richest 1% of all African Americans will own 98% of their entire net worth by 2026 Slavery is no longer blatantly existent but abstract through various forms of enslavement Segregation is no longer spatial or racial but internal The oppressor is no longer racism, its classism The greatest division in America is between the haves and have not s
    Capitalism The New Segregation As the wealthiest % of the entire American population owns % of the United States total cumulative wealth likewise the wealthiest % of all African Americans currently owns % of the combined Af

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