If there's a systematic financial disadvantage experienced by black people, possibly as a result of racism, then continuing to financially disenfranchise them will hardly help, will it? Access to liquid capital is pretty critical if you want to make money, isn't it?
Judgement is notoriously self-fulfilling. The best way to keep someone poor is to treat them like a poor person. The best way to drive someone to crime is to treat them like a criminal. The best way to keep someone ignorant is to treat them like an idiot.
And how did 'give everyone a home loan never mind if they can't afford it' worked out in 2008?
Sometimes I do wonder if people who present the argument you just presented realize that that is exactly how we've been doing things, and it just keep making the problem bigger.
Maybe I'm too much of a romantic, but I still harbor hope at some point they will realize it and begin to contemplate trying something different.
We're not talking about giving loans to people who can't afford it. We're talking about giving loans to black people.
Nobody is arguing against fairly assessing an individual person's ability to pay off a loan - the issue at question is whether it's okay to use race as a statistical proxy for that.
If there's a systematic financial disadvantage experienced by black people, possibly as a result of racism, then continuing to financially disenfranchise them will hardly help, will it? Access to liquid capital is pretty critical if you want to make money, isn't it?
Judgement is notoriously self-fulfilling. The best way to keep someone poor is to treat them like a poor person. The best way to drive someone to crime is to treat them like a criminal. The best way to keep someone ignorant is to treat them like an idiot.