From The Atlantic:
Where Have All the Black-Owned Businesses Gone?This being TNC’s The Atlantic, there has to be a mention of the Most Important Government Policy of All Time:
They once served their communities when others wouldn’t, and over the past 30 years, they’ve practically vanished.
BRIAN S. FELDMAN 6:00 AM ET
The Federal Housing Authority engaged in redlining, the destructive practice of refusing to issue mortgages in predominately black neighborhoods.Of course, a text search of the lengthy article for the character string “migra” doesn’t find any “immigration”-related words.
On this 25th anniversary of shootouts between Korean liquor store owners and African-American looters in South Central Los Angeles, it’s worth trying to remember just how thoroughly immigrants snuffed out the flickering African-American shopkeeping impulse. The most bizarre example I can remember is straight-haired Koreans who spoke barely a word of English opening successful shops in Chicago that sold nothing but hair care products for blacks.