
The Color of Money
Black Banks and the Racial Wealth Gap
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Narrated by:
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Lisa Reneé Pitts
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By:
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Mehrsa Baradaran
About this listen
When the Emancipation Proclamation was signed in 1863, the black community owned less than one percent of the United States' total wealth. More than 150 years later, that number has barely budged. The Color of Money pursues the persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks.
The catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. Not only could black banks not "control the black dollar" due to the dynamics of bank depositing and lending but they drained black capital into white banks, leaving the black economy with the scraps.
Mehrsa Baradaran challenges the long-standing notion that black banking and community self-help is the solution to the racial wealth gap. These initiatives have functioned as a potent political decoy to avoid more fundamental reforms and racial redress. Examining the fruits of past policies and the operation of banking in a segregated economy, she makes clear that only bolder, more realistic views of banking's relation to black communities will end the cycle of poverty and promote black wealth.
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Thought provoking and very accessible
- By Simone on 05-16-21
By: Dorothy A. Brown
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The Coming of Neo-Feudalism
- A Warning to the Global Middle Class
- By: Joel Kotkin
- Narrated by: Traber Burns
- Length: 6 hrs and 33 mins
- Unabridged
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Overall
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Performance
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Story
Following a remarkable epoch of greater dispersion of wealth and opportunity, we are inexorably returning towards a more feudal era marked by greater concentration of wealth and property, reduced upward mobility, demographic stagnation, and increased dogmatism. If the last 70 years saw a massive expansion of the middle class, not only in America but in much of the developed world, today that class is declining and a new, more hierarchical society is emerging. The new class structure resembles that of Medieval times.
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Pretty good but not a lot new
- By ClothingMonster on 01-25-21
By: Joel Kotkin
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The Wealth Choice
- Success Secrets of Black Millionaires
- By: Dennis Kimbro
- Narrated by: Bill Andrew Quinn
- Length: 12 hrs and 1 min
- Unabridged
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Overall
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Performance
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Story
Based on a seven-year study of 1,000 of the wealthiest African Americans, The Wealth Choice offers a trove of sound and surprising advice about climbing the economic ladder, even when the odds seem stacked against you. Listeners will learn about how business leaders, entrepreneurs, and celebrities like Bob Johnson, Spike Lee, L. A. Reid, Herman Cain, T. D. Jakes, and Tyrese Gibson found their paths to wealth; what they did or didn't learn about money early on; what they had to sacrifice to get to the top; and the role of discipline in managing their success.
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Faith-Based
- By Cozmik Body Companies on 01-25-20
By: Dennis Kimbro
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We Are the Leaders We Have Been Looking For
- By: Eddie S. Glaude Jr.
- Narrated by: Eddie S. Glaude Jr.
- Length: 4 hrs and 20 mins
- Unabridged
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Overall
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Performance
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One of the nation's preeminent scholars and a New York Times bestselling author, Eddie S. Glaude Jr., makes the case that the hard work of becoming a better person should be a critical feature of Black politics. Through virtuoso interpretations of Martin Luther King, Jr., Malcolm X, and Ella Baker, Glaude shows how we have the power to be the heroes that our democracy so desperately requires.
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We Are The Leaders We Have Been Waiting For
- By Robin Raine on 09-03-24
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Slavery by Another Name
- The Re-Enslavement of Black Americans from the Civil War to World War II
- By: Douglas A. Blackmon
- Narrated by: Dennis Boutsikaris
- Length: 15 hrs and 53 mins
- Unabridged
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Overall
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In this groundbreaking historical expose, Douglas A. Blackmon brings to light one of the most shameful chapters in American history - an Age of Neoslavery that thrived from the aftermath of the Civil War through the dawn of World War II.
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Steel Yourself
- By Mark on 05-23-14
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The New Jim Crow
- Mass Incarceration in the Age of Colorblindness, 10th Anniversary Edition
- By: Michelle Alexander
- Narrated by: Karen Chilton
- Length: 16 hrs and 57 mins
- Unabridged
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Overall
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Performance
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Story
Seldom does a book have the impact of Michelle Alexander’s The New Jim Crow. Since it was first published in 2010, it has been cited in judicial decisions and has been adopted in campus-wide and community-wide reads; it helped inspire the creation of the Marshall Project and the new $100 million Art for Justice Fund; it has been the winner of numerous prizes, including the prestigious NAACP Image Award; and it has spent nearly 250 weeks on the New York Times best seller list.
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Shocking, Important and Brilliant
- By Tim on 10-06-14
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White Rage
- The Unspoken Truth of Our Racial Divide
- By: Carol Anderson
- Narrated by: Pamela Gibson
- Length: 6 hrs and 5 mins
- Unabridged
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Overall
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Performance
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Story
As Ferguson, Missouri, erupted in August 2014 and media commentators across the ideological spectrum referred to the angry response of African Americans as 'Black rage', historian Carol Anderson wrote a remarkable op-ed in the Washington Post showing that this was, instead, 'white rage at work. With so much attention on the flames,' she wrote, 'everyone had ignored the kindling.'
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Good History, Was Hoping For More Insight
- By Mike on 09-08-16
By: Carol Anderson
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The Warmth of Other Suns
- The Epic Story of America's Great Migration
- By: Isabel Wilkerson
- Narrated by: Robin Miles
- Length: 22 hrs and 40 mins
- Unabridged
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Overall
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Performance
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Story
From 1915 to 1970, this exodus of almost six million people changed the face of America. Wilkerson compares this epic migration to the migrations of other peoples in history. She interviewed more than a thousand people, and gained access to new data and official records, to write this definitive and vividly dramatic account of how these American journeys unfolded, altering our cities, our country, and ourselves.
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Superior non-fiction
- By Lila on 05-20-11
By: Isabel Wilkerson
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Caste
- The Origins of Our Discontents
- By: Isabel Wilkerson
- Narrated by: Robin Miles
- Length: 15 hrs and 10 mins
- Unabridged
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Overall
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Performance
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In this brilliant book, Isabel Wilkerson gives us a masterful portrait of an unseen phenomenon in America as she explores, through an immersive, deeply researched narrative and stories about real people, how America today and throughout its history has been shaped by a hidden caste system, a rigid hierarchy of human rankings. Beautifully written, original, and revealing, Caste: The Origins of Our Discontents is an eye-opening story of people and history, and a reexamination of what lies under the surface of ordinary lives and of American life today.
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Brilliant, articulate, highly listenable.
- By GM on 08-05-20
By: Isabel Wilkerson
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Black Reconstruction in America
- By: W. E. B. Du Bois, David Levering Lewis
- Narrated by: Mirron Willis
- Length: 37 hrs and 26 mins
- Unabridged
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Overall
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Performance
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Story
This pioneering work was the first full-length study of the role black Americans played in the crucial period after the Civil War, when the slaves had been freed and the attempt was made to reconstruct American society. Hailed at the time, Black Reconstruction in America has justly been called a classic.
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The textbook you should have had in high school.
- By Saleh on 05-06-18
By: W. E. B. Du Bois, and others
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Hood Feminism
- Notes from the Women that a Movement Forgot
- By: Mikki Kendall
- Narrated by: Mikki Kendall
- Length: 6 hrs and 57 mins
- Unabridged
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Overall
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Performance
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Story
Today's feminist movement has a glaring blind spot, and paradoxically, it is women. Mainstream feminists rarely talk about meeting basic needs as a feminist issue, argues Mikki Kendall, but food insecurity, access to quality education, safe neighborhoods, a living wage, and medical care are all feminist issues. All too often, however, the focus is not on basic survival for the many, but on increasing privilege for the few. Author Mikki Kendall takes aim at the legitimacy of the modern feminist movement arguing that it has chronically failed to address the needs of all but a few women.
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I Learned So Much!!!
- By Rebecca on 06-13-20
By: Mikki Kendall
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How the Word Is Passed
- A Reckoning with the History of Slavery Across America
- By: Clint Smith
- Narrated by: Clint Smith
- Length: 10 hrs and 6 mins
- Unabridged
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Overall
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Story
Beginning in his hometown of New Orleans, Clint Smith leads the listener on an unforgettable tour of monuments and landmarks—those that are honest about the past and those that are not—that offer an intergenerational story of how slavery has been central in shaping our nation's collective history, and ourselves.
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Sincerely grateful read
- By Kelvin Dixon on 06-08-21
By: Clint Smith
America's Dark Economic History
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Amazing read!
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so very informative
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Great book
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A solid and informative read
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Great read!
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Insight after insight
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Must have information
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An education on banking.
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If you have started building some wealth this will help you understand how to keep building it.
Understanding lack of wealth..
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