READ AND SHARE #TheHuffingtonPost The Decadent Veil: Black Americas Wealth Illusion *** A black family in the 1 percent is worth a staggering 200 times that of an average black family. If black America were a country we would be among the most wealth stratified in the world. huffingtonpost/antonio-moore/the-decadent-veil-black-income-inequality_b_5646472.html The decadent veil looks at black Americans through a lens of group theory and seeks to explain an illusion that has taken form over a thirty year span... *** While media projects #Beyonce signing a Pepsi $50 million ad campaign throughout the World Wide Web, the fact that single Black mothers across America have a median net worth of a mere $5 dollars falls in the shadow of the singularity of her financial success. This veil is trimmed with million-dollar sports contracts, Roc Nation tour deals and designer labels made for heads of state. As black celebrity invited us into their homes through shows like MTV cribs, we forgot the condition of overall African American financial affairs. Despite a large section of the 14 million black households drowning in poverty and debt the stories of a few are told as if they represent those of millions, not thousands. ... Note: I write this piece following the ground work laid by W.E.B. Duboiss Veil of Double Consciousness. The veil he described was a visualization of the racial duality blacks take on as part of their American identity. I now undertake the daunting task of clarifying the new veil of economics that has covered the struggles of a generation.
Posted on: Tue, 05 Aug 2014 22:26:44 +0000
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