Think about the price-tag of $1.1 trillion dollars.
If we were talking about countries, that would be the 16th biggest economy in the world, but it’s not a country, it’s the combined buying power of a group of people who are part of this country: African-Americans.
A recent study by the Nielsen Company predicts that African-American buying power will hit that $1.1 trillion number next year. “The black population is young, hip and highly influential. We are growing 64 percent faster than the general market,” says Cheryl Pearson McNeil, a senior vice president at Nielsen.
Companies spend $75 billion a year on advertising, but only three percent of that is in Black publications, and casting Black actors, and on Black TV and radio stations. Pearson-McNeil says, if you ignore this demographic, as many big companies have done, you do so at your own peril.
Bank of America, Western Union, and JP Morgan, are among the institutions allegedly involved in the drug trade. Meanwhile, HSBC has admitted its laundering role, and evaded criminal prosecution by paying a fine of almost $2 billion. The lack of imprisonment of any bankers involved is indicative of the hypocritical nature of the drug war; an individual selling a few grams of drugs can face decades in prison, while a group of people that tacitly allow — and profit from — the trade of tons, escape incarceration.
Corporate crime inflicts far more damage on society than all street crime combined.Whether in bodies or injuries or dollars lost, corporate crime and violence wins by a landslide.
The FBI estimates, for example, that burglary and robbery – street crimes – costs the nation $3.8 billion a year.
The losses from a handful of major corporate frauds – Tyco, Adelphia, Worldcom, Enron – swamp the losses from all street robberies and burglaries combined.
Health care fraud alone costs Americans $100 billion to $400 billion a year.
The savings and loan fraud – which former Attorney General Dick Thornburgh called “the biggest white collar swindle in history” – cost us anywhere from $300 billion to $500 billion.
Most white Americans demonstrate bias against blacks, even if they’re not aware of or able to control it. It’s a surprisingly little-discussed factor in the anguishing debates over race and law enforcement that followed the shootings of unarmed black men by white police officers. Such implicit biases — which, if they were to influence split-second law enforcement decisions, could have life or death consequences — are measured by psychological tests, most prominently the computerized Implicit Association Test, which has been taken by over two million people online at the website Project Implicit.Based on this data, it appears that whites in some states may exhibit higher levels of implicit bias than those in other states. The following map, courtesy of Project Implicit, shows the states with the highest level of implicit bias (high number, red) and lowest level of implicit bias (low number, blue). Gray represents states with a middle amount of implicit bias; Michigan is the median state. Overall, the map reflects the scores of 1.51 million individuals, ranging from a high of 99,660 test takers from California to a low of 1,722 test takers from Hawaii.
It is very important to note that implicit racial bias is not the same thing as conscious racism. People who harbor implicit biases may not think of themselves as prejudiced, and in fact, might consider prejudice to be abhorrent. They also may not know they even have these biases.
It is also worth noting that there are reasons to think that Americans as a whole may be more biased than the map suggests. After all, as Greenwald noted above, the Project Implicit test takers trend younger than average, as well as towards liberal political beliefs and higher levels of education. But other research has suggested that older Americans past the age of 65, in particular, tend to have higher IAT D scores — suggesting that those included in this sample may be less biased than Americans as a whole.
Overall, looking at a map like this one tells us something pretty crucial to our understanding of racial bias: It is everywhere, from north to south, from Maine to California. It is present among liberals and conservatives, men and women, young and old.
We have a huge amount of work to do.
And tell me do you like what you see
Masters of deception corruption and evil
But you’re always quick to point the finger at me