The Black Lives Matter Movement has unmasked all the symptoms of Racism, exploitation, marginalization, cultural dominance, and violence that are deeply rooted and perpetrated on Black Communities across the states caused by the imbalance of Economic Inequality amongst Blacks and Whites.
The deaths of George Floyd, Daunte Wright, and now Andrew Brown Jr. have highlighted and exacerbated the existing systematic racism in our country attributed to the economic imbalance between Black and White families. Police brutality, racism, marginalization, cultural dominance, and violence are all but symptoms associated with this wealth disparity. According to the latest Federal Reserve data, the wealth gap between Blacks and Whites persisted even at the height of economic expansion, with the typical White family reporting eight times the wealth of a typical Black family in 2019. The median wealth for white families was $188,200, compared with $24,100 for Black families.
President Joe Biden pledged to fix the racial wealth gap- 100 days in office and nothing has been accomplished. Black Americans justifiably deserve more than promises voting for him overwhelmingly in the 2020 elections. One must remember that Biden’s victory over Trump in several battleground states, including Georgia, Michigan, Pennsylvania, and Wisconsin, was fueled by strong Black voter turnout. Nevertheless, like the job market, Black Americans are always last to be considered and never called back.
Black American unemployment remains high. 42% of Black-Owned businesses have decimated since the Pandemic. Almost 85% of Black bachelor's degree recipients carry student debt, compared with 69% of white bachelor's degree recipients the Center for Responsible Lending. At this point, former President Donald Trump's two-page proposed “Platinum Plan” for “Black Economic Empowerment.” Would have done more than what we see now. The plan is tempting, considering how the Black agenda has been pushed back on the back burner.
Biden’s success in fulfilling his promise to the Black community will dictate the outcome of Georgia’s senate race 2022
Up north in Canada, Prime Minister, Justin Trudeau, announced last year investments of up to nearly $221 million in partnership with Canadian financial institutions – including up to almost $93 million from the Government of Canada over the next four years – to launch Canada's first-ever Black Entrepreneurship Program. This program will help thousands of Black business owners and entrepreneurs across the country recover from this crisis and grow their businesses.
Thinking about migrating to Canada? Not so fast, mon ami. Though Canada is viewed as a country model for inclusion, this is far from the truth.
Black Canadians face the same struggles and realities of institutionalized racism as Black Americans. In Toronto for instance, Canada's largest municipality, Black residents are 20 times more likely than White residents to be shot dead by police in Toronto.
The Black unemployment rate and the number of black families living below the poverty level remain high in the US.
Canada faces a long hurdle ahead toward achieving equity for the Black population in Canada. The realities of the Black experience in Canada are eye-opening for the international community. In the 1850s and 1860s, Canada was a popular refuge for slaves fleeing the horrors of the plantation. The world perceived this nation as a peaceful country, a sanctuary, a shelter for those fleeing violence and hatred from their home countries.
Prime Minister, Justin Trudeau, announced last year investments of up to nearly $221 million in partnership with Canadian financial institutions
The Trudeau administration has acknowledged and addressed this matter publicly, stating that there is a disconnect and has mobilized to alleviate this problem. The government has committed to working closely with Black business owners and Black-led organizations across Canada so that the new Black Entrepreneurship Program reflects the realities and needs of Black Canadians. The new program builds on the Government of Canada’s work to address systemic racism against Black Canadians. This includes taking steps to advance Canada’s Anti-Racism Strategy, justice reforms, modern policing structures and standards, and enhanced local community supports for young Black Canadians.
In the US, we will continue to see more police brutality, poverty, violence. Today, about 1 in 1,000 black men and boys in America can expect to die at the hands of police, according to a new analysis of deaths involving law enforcement officers. That makes them 2.5 times more likely than white men and boys to die during an encounter with cops.
Black men are 2.5 times more likely than White men and boys to die during an encounter with cops.
Racism in the workforce will continue to create barriers for employment and impairs in career progression for Black people.
2021 will be a test for the Biden Administration on whether he fulfills the Black economic promise. Vice President’s Kamala Harris silence on this issue worries many Black Americans. Nevertheless, Biden’s success and fulfillment to the Black community will dictate the outcome of Georgia’s senate race 2022. The election will fill the Class III Senate seat held by Raphael Warnock (D), who first took office in 2021, not to mention President Joe Biden's midterm report card. 2021 will the Joe Biden's year to fulfill his promises of having Black Americans back; otherwise, as former President W. Bush once said, "There’s an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again”.