Race for Profit
How Banks and the Real Estate Industry Undermined Black Homeownership
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Narrated by:
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Janina Edwards
About this listen
By the late 1960s and early 1970s, reeling from a wave of urban uprisings, politicians finally worked to end the practice of redlining. Reasoning that the turbulence could be calmed by turning Black city-dwellers into homeowners, they passed the Housing and Urban Development Act of 1968, and set about establishing policies to induce mortgage lenders and the real estate industry to treat Black homebuyers equally. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion.
Race for Profit uncovers how exploitative real estate practices continued well after housing discrimination was banned. The same racist structures and individuals remained intact after redlining's end, and close relationships between regulators and the industry created incentives to ignore improprieties. Meanwhile, new policies meant to encourage low-income homeownership created new methods to exploit Black homeowners.
Narrating the story of a sea-change in housing policy and its dire impact on African Americans, Race for Profit reveals how the urban core was transformed into a new frontier of cynical extraction.
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- By Erik on 01-21-08
By: Milton Friedman, and others
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Beyond Outrage
- What Has Gone Wrong with Our Economy and Our Democracy, and How to Fix Them
- By: Robert B. Reich
- Narrated by: Robert B. Reich
- Length: 3 hrs and 26 mins
- Unabridged
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Robert B. Reich urges Americans to get beyond mere outrage about the nation’s increasingly concentrated wealth and corrupt politics in order to mobilize and to take back our economy and democracy. Americans can’t rely only on getting good people elected, Reich argues, because nothing positive happens in Washington unless good people outside Washington are organized to help make those things happen after the election. But in order to be effectively mobilized, we need to see the big picture.
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Falls short
- By J. Klinghoffer on 11-04-13
By: Robert B. Reich
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A Crisis Wasted
- Barack Obama's Defining Decisions
- By: Reed Hundt
- Narrated by: Jason Culp
- Length: 12 hrs and 3 mins
- Unabridged
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This book is the compelling story of President Obama’s domestic policy decisions made between September 2008 and his inauguration on January 20, 2009. Unlike all other presidents except Abraham Lincoln - who decided not to allow slavery to expand westward before he was sworn in - Barack Obama determined the fate of his presidency before he took office. The results of these fateful decisions led to Donald Trump taking his place eight years later. This book describes how and why these decisions were made, and discusses whether the outcomes could have been different.
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Somewhat complicated, not audiobook material
- By Mariana Nolasco on 09-20-20
By: Reed Hundt
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A Generation of Sociopaths
- How the Baby Boomers Betrayed America
- By: Bruce Cannon Gibney
- Narrated by: Wayne Pyle
- Length: 14 hrs and 49 mins
- Unabridged
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What happens when a society is run by people who are antisocial? Welcome to baby boomer America. In A Generation of Sociopaths, Bruce Cannon Gibney shows how America was hijacked by the boomers, a generation whose reckless self-indulgence degraded the foundations of American prosperity.
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Honest introspection required
- By Niki on 03-31-17
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The Conscience of a Liberal
- By: Paul Krugman
- Narrated by: Jason Culp
- Length: 9 hrs and 9 mins
- Unabridged
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America emerged from Franklin Roosevelt's New Deal with strong democratic values and broadly shared prosperity. But for the past 30 years, American politics has been dominated by a conservative movement determined to undermine the New Deal's achievements. Now, the tide may be turning, and in The Conscience of a Liberal Paul Krugman, the world's most widely read economist and one of its most influential political commentators, charts the way to reform.
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Great Book!!!
- By carl801 on 12-04-07
By: Paul Krugman
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Hostile Takeover
- Resisting Centralized Government's Stranglehold on America
- By: Matt Kibbe
- Narrated by: George Newbern
- Length: 12 hrs and 11 mins
- Unabridged
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Hostile Takeover is a rebellious challenge to the "upper management" of government, who are choking American prosperity and liberty. Matt Kibbe exposes the privileged collusion of Washington insiders - and maps out a proven plan for how to return power from the self-appointed "experts" back to the people. Dubbed "one of the Tea Party's masterminds" by Newsweek, Kibbe reveals how grassroots citizens can and will check the federal behemoth and restore the American enterprise.
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An amazing book from an interesting perspective
- By Aaron on 12-28-12
By: Matt Kibbe
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An Extraordinary Time
- The End of the Postwar Boom and the Return of the Ordinary Economy
- By: Marc Levinson
- Narrated by: James Foster
- Length: 10 hrs and 55 mins
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A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time describes how the postwar economic boom dissipated, undermining faith in government, destabilizing the global financial system, and forcing us to come to terms with how tumultuous our economy really is.
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Good review of crucial turning point in history
- By Philo on 11-22-16
By: Marc Levinson
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Why Save the Bankers?
- And Other Essays on Our Economic and Political Crisis
- By: Thomas Piketty, Seth Ackerman - translator
- Narrated by: LJ Ganser
- Length: 5 hrs and 1 min
- Unabridged
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Thomas Piketty's work has proved that unfettered markets lead to increasing inequality. Without meaningful regulation, capitalist economies will concentrate wealth in an ever smaller number of hands. Armed with this knowledge, democratic societies face a defining challenge: fending off a new aristocracy. For years Piketty has wrestled with this problem in his monthly newspaper column, which pierces the surface of current events to reveal the economic forces underneath.
By: Thomas Piketty, and others
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The Rise and Fall of the Neoliberal Order
- America and the World in the Free Market Era
- By: Gary Gerstle
- Narrated by: Keith Sellon-Wright
- Length: 13 hrs and 21 mins
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To be sure, neoliberalism has contributed to a number of alarming trends, not least of which has been a massive growth in income inequality. Yet as the eminent historian Gary Gerstle argues in The Rise and Fall of the Neoliberal Order, these indictments fail to reckon with the full contours of what neoliberalism was and why its worldview had such persuasive hold on both the right and the left for three decades.
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Cursory, unoriginal, class-blind
- By A Reviewer on 10-24-22
By: Gary Gerstle
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FDR's Folly
- How Roosevelt and His New Deal Prolonged the Great Depression
- By: Jim Powell
- Narrated by: William Hughes
- Length: 9 hrs and 26 mins
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In the minds of historians and the American public alike, Franklin Delano Roosevelt was one of our greatest presidents, not least because he supposedly saved America from the Great Depression. But as historian Jim Powell reveals in this groundbreaking book, Roosevelt's New Deal policies actually prolonged and exacerbated the economic disaster.
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Scones for the Tea Party
- By Chiefkent on 06-11-12
By: Jim Powell
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Globalization and Its Discontents
- By: Joseph E. Stiglitz
- Narrated by: Derek Perkins
- Length: 10 hrs and 33 mins
- Unabridged
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This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national best-seller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank.
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Plea
- By Asma on 10-13-20
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The Socialist Temptation
- By: Iain Murray
- Narrated by: James Langton
- Length: 6 hrs and 13 mins
- Unabridged
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Performance
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Just 30 years ago, socialism seemed utterly discredited. An economic, moral, and political failure, socialism had rightly been thrown on the ash heap of history after the fall of the Berlin Wall. Unfortunately, bad ideas never truly go away — and socialism has come back with a vengeance. A generation of young people who don’t remember the misery that socialism inflicted on Russia and Eastern Europe is embracing it all over again.
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Full Of Important Insights
- By Ralph Alderson on 12-17-20
By: Iain Murray
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After World War I, black Americans fervently hoped for a new epoch of peace, prosperity, and equality. Black soldiers believed their participation in the fight to make the world safe for democracy finally earned them rights they had been promised since the close of the Civil War. Instead, an unprecedented wave of anti-black riots and lynchings swept the country. From April to November of 1919, the racial unrest rolled across the South into the North and the Midwest, even to the nation's capital. Red Summer is the first narrative history about this epic encounter.
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Black education was a subversive act from its inception. African Americans pursued education through clandestine means, often in defiance of law and custom, even under threat of violence. They developed what Jarvis Givens calls a tradition of "fugitive pedagogy"—a theory and practice of Black education in America. The enslaved learned to read in spite of widespread prohibitions; newly emancipated people braved the dangers of integrating all-White schools and the hardships of building Black schools.
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All Educators should read this book
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What listeners say about Race for Profit
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Greg Taylor
- 07-11-21
The role of government, banks, brokers, and realtors in housing discrimination over 100 years
I liked the author and the reader because both content and performance helps fill a gaping hole in historical record or awareness of housing discrimination.
I recommend to anyone in housing public or private.
This rating based on my listening in 2021.
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- J. Craig
- 02-27-22
Comprehensive
The book presents a comprehensive and well-researched account of the history of HUD policies and programs that preyed on black homeseekers. I do think it should have discussed gentrification more in the context of its subject.
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- Anonymous User
- 07-30-23
Powerful. Thoroughly researched. Necessary.
Taylor makes undeniable that historic and President residential segregation as well as vast inequality is not the result of personal choice but the concentrated efforts of federal and local government along with the banking and real estate industries to extract and exploit Black life, property, and neighborhoods. The rule: profit and/or power over people.
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- Crescent~Star
- 04-05-22
THE UGLY TRUTH
Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership (Justice, Power, and Politics)
By Keeanga-Yamahtta Taylor
No lie! This book was so well researched, edited, written. From the title and its cover to the conclusion "Predatory Inclusion" was way more than I could have asked for. All of it was masterfully left on these pages.
It took me a little more than a minute because I had to pace myself, take deep breaths, scream, cuss...collect my thoughts and regroup.
The malfeasance, predatory negligence and neglect of Government and its treacherous policies and practices; institutional, corrupt failures steeped in this racial, suppressed, discriminatory culture. The levels of inequality and inequity is staggering!!!
🤬🤬🤬🤬🤬🤬
This book was an exercise in personal restraint. It took everything in me to hold it together.
💔💔💔💔💔💔💔
#theseunitedstates
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- Hewti
- 12-03-20
Race for Profit
Commend Keeanga-Yamattha Taylor for researching and writing this crucial book, it was very difficult to listen to, many times I cried because I remembered hearing the struggles my parents and other relatives went through for home ownership and the fact they always stressed the importance of owning your own home. My Father would always talk to my siblings and I as if we were grownups and he would tell us what was real, what was not, and tell how to survive.
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3 people found this helpful
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- MELANIN
- 07-16-20
Great listen!
I would highly recommend this audible. Her voice was energetic as I listened throughout my workday. This book is well written and just enough pages packed with a wealth of knowledge and experience per chapter.
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- J. Knight
- 01-02-23
Excellent source of knowledge
I’ve read many books on this topic and it’s not often I get a brand new perspective on how racism in the US has impacted black Americans. This book provides detailed information on housing-related policies that I’ve not seen covered elsewhere. Well packaged and easily digestible. Highly recommend!
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- David B.
- 10-16-20
A Great Book
This book really made me think of how private interests continue to perpetuate inequality in American society. For example, I can't believe Jeff Bezos made so much money while Amazon workers contracted COVID-19 due to unsafe workplace policies with minimal hazard pay and were fired (and in some cases smeared and ruined) for organizing for dignified working conditions.
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- Amazon Customer
- 12-21-22
A must read for all Black Americans
If you’re a Black American you need to read/listen to this book. Very well researched and laid out.
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