Tag: white Americans

The Amazing Resiliency of White Wealth

Submitted by Hardscrabble Farmer

Via CityLab

White Americans’ Hold on Wealth Is Old, Deep, and Nearly Unshakeable

black children walking by a falling-down building

It will end up costing the U.S. economy as much as $1 trillion between now and 2028 for the nation to maintain its longstanding black-white racial wealth gap, according to a report released this month from the global consultancy firm McKinsey & Company. That will be roughly 4 percent of the United States GDP in 2028—just the conservative view, assuming that the wealth growth rates of African Americans will outpace white wealth growth at its current clip of 3 percent to .8 percent annually, said McKinsey. If the gap widens, however, with white wealth growing at a faster rate than black wealth instead, it could end up costing the U.S. $1.5 trillion or 6 percent of GDP according to the firm.

“Despite the progress black families have made in civic and economic life since the passage of the Civil Rights Act of 1964, they face systemic and cumulative barriers on the road to wealth  building due to discrimination, poverty, and a shortage of social connections,” reads the report, “as both mechanisms and results of racial economic inequity.”

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The End of White America Is Now Assured

Guest Post by Paul Craig Roberts

The lack of response by white Americans to their demonization as they decline as a percent of the population demonstrates their lack of concern with their fate.

It seems as if the West is dead in every way. The rule of law is dead throughout the West. Democracy is a scam. There is oligarchic rule.  Everything is done for organized interest groups.  Nothing is done for the people.  Putin just declared: “West’s leading role is ending.”  How right he is.  https://www.rt.com/news/468112-putin-g7-india-china/

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‘The Great White Hope’

Guest Post by Patrick J. Buchanan

‘The Great White Hope’

“Something startling is happening to middle-aged white Americans. Unlike every other age group, unlike every other racial and ethnic group … death rates in this group have been rising, not falling.”

The big new killers of middle-aged white folks? Alcoholic liver disease, overdoses of heroin and opioids, and suicides. So wrote Gina Kolata in The New York Times of a stunning study by the husband-wife team of Nobel laureate Angus Deaton and Anne Case.

Deaton could cite but one parallel to this social disaster: “Only H.I.V./AIDS in contemporary times has done anything like this.”

Middle-aged whites are four times as likely as middle-aged blacks to kill themselves. Their fitness levels are falling as they suffer rising levels of physical pain, emotional stress and mental depression, which helps explain the alcohol and drug addiction.

But what explains the social disaster of white Middle America?

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THE SAXON BEGAN TO HATE

It was not part of their blood,
It came to them very late,
With long arrears to make good,
When the Saxon began to hate.

They were not easily moved,
They were icy — willing to wait
Till every count should be proved,
Ere the Saxon began to hate.

Their voices were even and low.
Their eyes were level and straight.
There was neither sign nor show
When the Saxon began to hate.

It was not preached to the crowd.
It was not taught by the state.
No man spoke it aloud
When the Saxon began to hate.

It was not suddently bred.
It will not swiftly abate.
Through the chilled years ahead,
When Time shall count from the date
That the Saxon began to hate

Via Knuckledraggin