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The Sum of Us—The Price of Racism

Guido Melo

6 April 2022

In the United States of America, the wealth gap between white males and African American women is immense. According to a McKinsey Global Institute report, the median wealth of a single black woman is USD$200 compared to a median wealth of USD $28,900 for a white man. One could attempt to justify the gap on the level of generational wealth, meritocracy, and education, but I wish this were as simple as an economic rationale. By increasing black wealth, the USA could strengthen their economy almost instantly. Despite this fact, in the USA, most whites push back against government equity initiatives.

A vast array of studies like this one indicate how an actual diverse economy would increase productivity by trillions of dollars. The loss in revenue and in human life because of segregation is incommensurable. The Sum of Us, a book written by political commentator Heather McGhee, is just the latest attempt to bring reason to white people in the USA.

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  • In Print
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    • Latest Pieces
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  • Read
    • The Meanjin Papers
    • Poetry
    • Essays
    • Fiction
    • Memoir
    • The Meanjin Interviews
    • Experiments
    • State of the Nation
    • The Year In…
  • Books
    • Reviews
    • Australia in Three Books
    • What I’m Reading
  • Writers
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