‘Stratification’ Theory Tackles the Racial Blindspots of Orthodox Economics

Economist Darrick Hamilton and Institute President Rob Johnson discuss “stratification economics”, which addresses the failure of orthodox economics to see, explain and point to remedies for persistent racial inequality.

[@IgnoranceAverse]

This was very informative...excellent interview.

[@dogchaser520]

Thanks for the interview. Informative. Please use a noise gate on audio recordings to cut out breathing into the mic while the other person's talking, and maybe a light de-clicker for mouth clicks.

[@drees84]

Incredibly interesting speaker. Thanks for the great interview.

[@l000tube]

Agreed

[@everyonedeservestogohome2949]

The question becomes -if a person cant be a exception does that mean they dont deserve to live a real human life?

[@thejookking]

This was a GREAT interview. I find that This interview puts into question many of Thomas Sowell's economic theorems where he discounts discrimination as a major factor in wealth, and asset-building. Education and hard work doesn't guarantee wealth. It's important, but no guarantee.

[@AP-pk6mk]

Yup, and if you look into several economists' work over the decades, Sowell's work is completely trounced.

[@ernestmwape]

That was the name that immediately came to mind when i listened to this man

[@bigbadborders]

Wow, great talk, don't usually hear this much truth in one sitting. Thanks!

[@sk3lat0n]

What a great talk!

[@frankoben2030]

Great interview. Darrick talks and smiles, this shows his level of confidence, interest and knowledge of his field of work and economic topics in general. Love such confidence

[@OakhillSailor]

This should have 20mill views

[@thejookking]

19:24 - He's got a paper aptly named, _'UMBRELLAS DON'T MAKE IT RAIN BY STUDYING HARD AND WORKING HARDER'_

[@derrickrhame89]

If anyone watch Raison in the Sun what happen to Sidney and his clan was it racist or was it more on a matter of being a benefit for the so called White community as a whole

[@SheldonKreger]

Thank you for posting this enlightening conversation.

[@tiffaniedrayton9444]

I am grateful everyday to have been educated my Darrick Hamilton!

[@weston.weston]

When I see Darrick Hamilton in conversation with folks, I know learning is about to take place.

[@thejookking]

19:06 - It's important to keep in mind The co-determinate relationship between things like education, hard work, wealth, and vice versa. It's likely the case that vice versa is even stronger.

[@thejookking]

15:53 - Prolonged Austerity fits into the functional role of Discrimination... When there's greater scarcity created by austere policy, then you expect even more intense discrimination. You expect groups to be even more competitive (for the limited resources available) and you expect more viciousness within the competition for positioning, so you can benefit your group.

[@aws21st]

The policies stated, would be the right way to create a level playing field for all Americans citizens and redress the legacy of unfairness in America's social construct.

[@carlacharrier741]

I’m glad that darity has a good smart partner that understands these levels also.you two toghether are a god squad

[@platypuss619]

All these people mad that someone is challenging their ideas and just instant write them off as marxist yet I bet this guy is smart than they will ever be and makes more money.

[@Mrs.T305]

Which means nothing.

[@thejookking]

18:50 - So these notions of working hard and studying hard, they're not gonna solve the interracial disparities of things like wealth, which is a key social determinant.

[@thejookking]

7:45 - Psychological benefits and economic benefits associated with being it is the promise of employment over the disenfranchised.

[@carlacharrier741]

Respecting the truth

[@thejookking]

4:12 - Another compromise that structured in this inequality was the unfair and unequal distribution and allocation of benefits.

[@thejookking]

12:07 - Functional Role of discrimination and that functional role is to preserve hierarchy.

[@MiauZi69]

The shift of INET is best exemplified by this video. Once started off with the high standard / aim of being a non-partisan, it now fully switches it roles into a fully politicized think tank, governed with typical left ideas ... its such a shame.

[@Mrlimabean01]

Controlled opposition much? thats where all this idpol came from in the first place

[@tolerantindividual1126]

Isn’t this organization funded primarily by George Soros? Why should we take these people seriously? I’m entirely open to supporting a capitalist system that’s better oriented forwards serving the lower and upper class by imposing certain regulations and even nationalizing certain industries. But it’s really hard to take these ideas seriously when in the next breath these so-called “intellectuals” who supposedly advocate for a more people oriented economics, will defend mass, unfettered immigration into this country.

[@thejookking]

6:51 - Psychological benefits associated with being better than someone else, and not being cast out of that group because there's safety in that subgroup.

[@thejookking]

Wealth as an asset is a social determinant. 17:02 - The more wealthy I am, the more healthy I am (potentially, NOT guaranteed. You just have better access to healthier options.) The more wealth I have, the better I can pass it down to my children. Wealth is _'iterative.'_ in nature. It builds over time.

[@oneman5753]

that dude is dooope

[@cgcade1]

Systemic Structured Inequality In America.

[@thejookking]

8:10 - So the question asked is _'Why would white individuals invest into a system of racism that could actually lead to rules that favor capital at the expense of them??'_

[@thejookking]

5:10 - What's largely absent from this narrative is that Blacks were systematically excluded from these benefits. Women were excluded from a large amount of these jobs.

[@thejookking]

13:02 - Some Black individuals might have access to the dominant white in-group than other Black individuals. Ex/ LIGHTSKINNED Blacks as opposed to Dark-skinned Blacks. Looking at hierarchy based on skin shade. There are economic benefits associated with being LIGHTSKINNED.

[@thejookking]

7:03 - One could characterize this voting behavior against one's own perceived best interests as investing in the property rights of whiteness which comes again from critical race theory.

[@ernestmwape]

That is debate on comprehensive health insurance is voted against by very poor white people

[@thejookking]

4:38 - This GREAT LABOR MOVEMENT that took place went beyond just getting jobs. It created an white asset-based middle-class, wealth-based system. Ex/Housing Debt free College Education Resources put aside so that people could start businesses All of these things led to access of economic security of an asset that's going to appreciate over your lifetime.

[@wolfsden3]

Vote Libertarian 💯 noobs 🔥🔥🔥

[@thejookking]

7:27 - Violence has been used historically and currently to codify property rights of whiteness. Voting in ways to benefit wypipo is another way that invests in the property rights of whiteness.

[@mariano2078]

I Could Never Make Any Money Cause I Have A Hard Time Behaving White Enough And I Think Is For The Pigs

[@iceyred6668]

Sonitas'i aui'a/ pledge //nd.D

[@Dekline25]

His damn lisp is making it impossible to follow his argument.

[@todmann67]

He asserts that whiteness is property that comes with rights. That is asinine. I can't alienate whiteness, or have a claim against someone with respect to whiteness. This is silly, Mr. Hamilton is warping language to push a purely ideological narrative.

[@Malagraves]

"He asserts that whiteness is property that comes with rights." No he doesn't. You need to work on your comprehension.

[@todmann67]

Mr. Hamilton, unfortunately, does not seem to be contributing anything truly new to the field. He is taking cultural Marxism into economics.

[@derrickrhame89]

Wow i sure didn't hear that

[@displaytalk]

Imagine thinking Marx and economics aren't inextricably tied to one another

[@Mrlimabean01]

I usually appreciate these talks but this guy is just a joke. he clearly doesn't know half of what he thinks he does about politics and his "Stratification Theory" is just a more clumsy critical theory attempting to borrow some economics terms. don't let charlatans like this barge into the field