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The issue of race relations in America has reached a new high pitch with the killing of George Floyd by a Minneapolis policeman, followed by mass peaceful demonstrations and instances of violence, looting, and arson in cities around the country. A new soul-searching on matters of race and racism are now, also, impacting a growing number of academic and professional fields, including the economics profession.
On June 5, 2020, the American Economic Association (AEA), the premier organization among economists in the United States, issued a statement saying that it was time for officers and governance committees within the Association to look into racism and racist practices and presumptions within the profession. It was pointed out that while black Americans make up 13 percent of the nation’s population, only 3 percent of economists who are members of the AEA identity themselves as black, and 47 percent of those surveyed said that they experienced instances of discrimination within the profession.
A Limited Race ...
When it gets down to having to use violence, then you are playing the system’s game. The establishment will irritate you—pull your beard, flick your face—to make you fight. Because once they’ve got you violent, then they know how to handle you. — John Lennon
Brace yourselves.
There is something being concocted in the dens of power, far beyond the public eye, and it doesn’t bode well for the future of this country.
Anytime you have an entire nation so mesmerized by political theater and public spectacle that they are oblivious to all else, you’d better beware.
Anytime you have a government that operates in the shadows, speaks in a language of force, and rules by fiat, you’d better beware.
And anytime you have a government so far removed from its people as to ensure that they are never seen, heard or heeded by those elected to represent them, you’d better beware.
What is unfolding before us is not a revolution.
The ...