Color of Money
Our first book, “The Color of Money Black Banks and the Racial Wealth Gap,” and to join us as a partner in presenting The Color of Money, a seven-week star-studded series of discussions. The Color of Money. Pursues the persistence of the racial wealth gap by focusing on the generators of wealth in the black community: black banks. Studying these institutions over time, Mehrsa Baradaran challenges the long- standing notion that black banking and community self-help solve 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 clarifies that only bolder, more realistic views of banking’s relationship to black communities will end the cycle of poverty and promote black wealth.
This book was one for the records, an inspiring read chocked full of history and true to our mission and vision of helping black businesses grow to scale and reinvest in their communities.
Author: Mehrsa Baradaran