The Color Of Wealth: The Story Behind the U.S. Racial Wealth Divide featuring author Meizhu Lui.
Lui, Executive Director of United for a Fair Economy, a national nonpartisan organization that campaigns against growing income and wealth inequality and inspires action to reduce economic inequality, makes the case that until government policy tackles disparities in wealth, not just income, the country will never have racial or economic justice. Recounting the asset-building histories of Native Americans, Latinos, African Americans, Asian Americans, and European Americans, The Color of Wealth is a uniquely comprehensive multicultural history of American wealth.
This event was co-hosted by United for a Fair Economy, about which John Nichols wrote in The Nation, "United for a Fair Economy is the single most effective group in the country when it comes to publicizing issues of economic injustice and the racial underpinnings of the gap between rich and poor."
Bio
Meizhu Lui
Meizhu Lui co-authored The Color of Wealth: The Story Behind the Racial Wealth Divide, and UFE’s annual “State of the Dream” reports. Her articles appear in the Wealth Inequality Reader and Inequality Matters.
Meizhu was a Boston City Hospital kitchen worker for 20 years, rising from the ranks to become President of AFSCME Local 1489. The local tackled tough issues likemaintaining affirmative action gains during lay-offs. In 1993 Meizhu became an organizer for Health Care For All, building a multi-ethnic coalition that challenged Boston’s hospitals to fund community driven health projects.
Meizhu serves on the Center for American Progress’ National Initiative to End Poverty. She is a Trustee of the Hyams Foundation. Her work has been honored by the YWCA, the Immigrant Workers’ Resource Center, Mass Senior Action Council, and the Boston Women’s Fund.
Meizhu is a long-time member of Freedom Road Socialist Organization, a national organization well known for its participation in struggles for fundamental social change, against racism, and for a strong left.
Excellent statistical data and presentation. Lui should be on tour, nationwide. She is not only speaking for people of color, but women who remain on the lower rung of the economic ladder. I will post a link to this video on my network America Is For Us All at http://americaisforusall.ning.com
What I found interesting, after spending 5 months in China and Japan and understanding that most Asians do not lump themselves into the same category as African-Americans, i.e. "People of Color", is that Lui refers to herself and her people as "people of color". The message I get from her is that there are white people and people of color. It will be wonderful when we are all just "people".
I disagree with "luck" being an important factor in gaining wealth. Rather then spend hours typing up my points I would only say that you should read the book "The Richest Man in Babylon" by George S. Classon It is the foundation of wealth building and easy enough for a fourth grader to read and understand.
Lui's example of the Civil War illustrates the historical economic practices of the US which includes a recurrence of displacing peoples to gain more econonomic power through increased land ownership, a practice that has been used from the very beginning of US history and still occurs today.
Lui presents a well researched and an often not spoken about topic. She interestingly traces historical transfers of wealth. She also addresses issues multi-culturally, non-exclusively blunt. It is good to see that she addresses, the issue of economic disparity, as not just a black and white issue.