Category:Race

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The focus of this new section is on how commons-based solutions can be effective in reducing disparities.


Key Statistics

U.S.A.

  • "If you look at how white and black wealth are distributed in the U.S., you see right away that the very idea of racial wealth is an empty one. The top 10 percent of white people have 75 percent of white wealth; the top 20 percent have virtually all of it. And the same is true for black wealth. The top 10 percent of black households hold 75 percent of black wealth."

- Adolph Reed [1]


  • “The overall racial wealth disparity is driven almost entirely by the disparity between the wealthiest 10 percent of white people and the wealthiest 10 percent of black people.” While Bruenig is clear that a discernible wealth gap exists across class levels, he explored the impact of eliminating the gap between the bottom 90 percent of each group and found that after doing so 77.5 percent of the overall gap would remain. He then examined the effect of eliminating the wealth gap between the bottom 50 percent—the median point—of each population and found that doing so would eliminate only 3 percent of the racial gap. So, 97 percent of the racial wealth gap exists among the wealthiest half of each population. And, more tellingly, more than three-fourths of it is concentrated in the top 10 percent of each. If you say to those white people in the bottom 50 percent (people who have basically no wealth at all) that the basic inequality in the U.S. is between black and white, they know you are wrong. More tellingly, if you say the same thing to the black people in the bottom 50 percent (people who have even less than no wealth at all), they also know you are wrong. It’s not all the white people who have the money; it’s the top ten percent of (mainly) whites, and some blacks and some Asians. The wealth gap among all but the wealthiest blacks and whites is dwarfed by the class gap, the difference between the wealthiest and everyone else across the board."

- Matt Bruening [2]

Pages in category "Race"

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