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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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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Liberty Lost: American Big Government and the Erosion of the U.S. Constitution
- A Brief History
- By: Michael Dahlen
- Narrated by: Joe Nagle
- Length: 1 hr and 23 mins
- Unabridged
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Nineteenth-century America was the closest thing to pure free-market capitalism that has ever existed. There was no welfare state, no central bank, no deficit spending to speak of, no fiat money, and no income tax for most of the century, and no antitrust laws or federal regulatory agencies until the end of the century. During the 20th century, by contrast, American liberty declined as the size, scope, and power of government exploded. Federal spending, taxes, deficits, and debt have spiraled out of control.
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US political/economic evolution explained
- By Jannie Meisberger on 06-25-16
By: Michael Dahlen
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Brazil
- The Troubled Rise of a Global Power
- By: Michael Reid
- Narrated by: Michael Healy
- Length: 16 hrs and 38 mins
- Unabridged
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Experts believe that Brazil, the world's fifth largest country and its seventh largest economy, will be one of the most important global powers by the year 2030. Yet far more attention has been paid to the other rising behemoths: Russia, India, and China. Often ignored and underappreciated, Brazil, according to renowned, award-winning journalist Michael Reid, has finally begun to live up to its potential but faces important challenges before it becomes a nation of substantial global significance.
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Good short history of Brazil, lame pronunciation
- By Bubu Mungani on 07-21-19
By: Michael Reid
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The Battle
- How the Fight Between Free Enterprise and Big Government Will Shape America's Future
- By: Arthur C. Brooks
- Narrated by: Arthur C. Brooks
- Length: 3 hrs and 10 mins
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America faces a new culture war. It is not a war about guns, abortions, or gays; rather it is a war against the creeping changes to our entrepreneurial culture, the true bedrock of who we are as a people. The new culture war is a battle between free enterprise and social democracy. Many Americans have forgotten the evils of socialism and the predations of the American Great Society's welfare-state programs.
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Right wing
- By John on 12-22-10
By: Arthur C. Brooks
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Free to Choose
- A Personal Statement
- By: Milton Friedman, Rose Friedman
- Narrated by: James Adams
- Length: 12 hrs and 15 mins
- Unabridged
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Milton Friedman and his wife, Rose, teamed up to write this most convincing and readable guide, which illustrates the crucial link between Adam Smith's capitalism and the free society. They show how freedom has been eroded and prosperity undermined through the rapid growth of governmental agencies, laws, and regulations.
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Fantastic
- By Erik on 01-21-08
By: Milton Friedman, and others
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The Glorious Cause: The American Revolution: 1763-1789
- By: Robert Middlekauff
- Narrated by: Robert Fass
- Length: 26 hrs and 56 mins
- Unabridged
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The first book to appear in the illustrious Oxford History of the United States, this critically-acclaimed volume - a finalist for the Pulitzer Prize - offers an unsurpassed history of the Revolutionary War and the birth of the American republic.
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Strong History Rich With Behind The Scenes Details
- By John on 10-06-11
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Aftershock
- The Next Economy and America’s Future
- By: Robert B. Reich
- Narrated by: Robert Reich
- Length: 4 hrs and 30 mins
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The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations. While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
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Very plausible assessment of our economy
- By CAR TOP CAMPER on 10-06-10
By: Robert B. Reich
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Broke
- The Plan to Restore Our Trust, Truth and Treasure
- By: Glenn Beck, Kevin Balfe
- Narrated by: Glenn Beck, Brian Sack
- Length: 11 hrs and 21 mins
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In the words of Harvard economist Niall Ferguson, the United States is “an empire on the edge of chaos.” Why? Glenn Beck thinks the answer is pretty simple: Because we’ve turned our backs on the Constitution. Yes, our country is financially broke, but that’s just a side effect of our broken spirit, our broken faith in government, the broken promises by our leaders, and a broken political system that has centralized power at the expense of individual rights.
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Finally book that has done the reasearch...
- By dah551 on 10-31-10
By: Glenn Beck, and others
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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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How Are You Going to Pay for That?
- Smart Answers to the Dumbest Question in Politics
- By: Ryan Cooper
- Narrated by: Ryan Cooper
- Length: 8 hrs and 22 mins
- Unabridged
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How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Not horrible but not correct either
- By David on 03-20-23
By: Ryan Cooper
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Fantasy Island
- Colonialism, Exploitation, and the Betrayal of Puerto Rico
- By: Ed Morales
- Narrated by: Sean Duffy
- Length: 10 hrs and 57 mins
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In Fantasy Island, Ed Morales traces how, over the years, Puerto Rico has served as a colonial satellite, a Cold War Caribbean showcase, a dumping ground for US manufactured goods, and a corporate tax shelter. He also shows how it has become a blank canvas for mercenary experiments in disaster capitalism on the frontlines of climate change, hamstrung by internal political corruption and the US federal government's prioritization of outside financial interests.
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Gringo Narrattion
- By shakira julia on 02-08-21
By: Ed Morales
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This book is written under specific conditions of which you should be aware. First, it’s not a “how to get rich” book for individuals looking to maximize their 401(k) or invest in the stock market. I have other material for these purposes. Secondly, it’s not a book for all people of all backgrounds.
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A Must-Listen for the Black Family
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What listeners say about The Color of Money
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Peaceful Ruler
- 12-12-19
America's Dark Economic History
This book portrays racial tribalism, economic deprivation, and systemic historical data that illustrates the exclusion and hatred of minority citizens. The provides an account of Black owned banks that have suffered from the lack of financial assistance from the Federal and state government to keep the banks sustainable for African American communities. They were several harsh truths as to why having black owned banks, buying black, etc. doesn't work under a racial capitalistic nation without economic policy changes. The research was well written to the point that it is worth reading more than once.
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- Alex D.
- 08-22-18
Amazing read!
I highly recommend this book for others. Definitely one of my top 5 books read on audible.
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- French
- 12-30-17
This book is very informative
Color of Money should be read by every American especially black America. It opens the eyes of us who need to better understand our current economy.
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- r
- 09-23-20
so very informative
knew some of this stuff not nearly as much as I just learned reading it
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- MikeWim
- 06-26-18
Great book
This was a great book. It was very informative and motivating. Support the Black businesses, especially the banks to help those that help us.
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- Kepler Jeudy
- 12-03-20
A solid and informative read
I find this book to be an important read. If we’re to work towards a better, more equitable future - this book certainly highlights the continued thinking that got us here and showcases it so that we can avoid them. It highlights the systemic nature of racism and how economic headwinds reinforce it. One example of this is the authors reading of the One United Bank and the Charles Street Episcopal Church (both black institutions) debacle. That example highlights her points about systems and how black institutions are unfairly constrained by them. This isn’t necessarily a light read, but it’s easy to understand and important. I wholeheartedly recommend it.
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- T
- 10-22-21
Great read!
So informative. Really puts a lot of things in true perspective. It’s a harsh reality for us as African American but I think everyone of this culture should read this book to get an understanding on why things are they way there are today. We all hear the different stories throughout the years but this book really breaks it down piece by piece in layman’s terms for anyone to understand. Knowledge is true freedom. Wisdom is power.
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- J. Craig
- 01-16-22
Insight after insight
The book contained so many insights that I found myself taking notes throughout. It does, however, focus too much on a general overview of race in America when a more detailed economic history of black America and of the history of banking regulation was needed. Still, the information it provides on both of these topics is so valuable given how few scholars cover either.
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- TG
- 11-30-20
Must have information
"You don't know what you don't know". There is information that one must have to be successful in this world. This is a book about money, but information is the "man behind the curtain". You need to see how others see you and this book gives you gives that to you.
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Overall
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Performance
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Story
- Percy Thomas
- 11-17-20
An education on banking.
A must read for anyone wanting to understand the current state of Black America.
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