{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Keen On America","title":"From Ghana to Goldman Sachs: Rachel Laryea on a Blueprint for Black Capitalism","html":"","width":"100%","height":180,"duration":2643,"description":"\n\nYesterday’s show was on the Great White Hoax of manufactured racism in America. Today’s is on Black Capitalists, the title of a provocative new book by Rachel Layrea. But is this a great black hoax? Or might her focus on race and class really be a blueprint for a more ethical 21st century capitalism? Laryea, who holds a PhD from Yale and works in wealth management at JPMorgan Chase, argues that Black capitalists can strategically use the tools of capitalism to create social good, not just profit. But in a week when Jeff Bezos's lavish Venice wedding sparked protests about wealth inequality, can any kind of capitalism - either black, brown or white - ever truly serve social justice? And with the dismantling of DEI initiatives across America, is Booker T. Washington's style self-reliance the only path forward for Black economic empowerment?\n\n\n\n\n1. Black capitalism means using wealth-building strategically for social good, not just profit .\nLaryea:\"To be clear, a Black capitalist is someone who identifies as a Black person and strategically repositions themselves within the economic system in order to create social good... it's someone who is still kind of in pursuit of excess resources, but it's also with the intention to create and produce social good.\"\n\n2. Race and class are inextricably linked in America's economic system\nLaryea: \"When you think about systemic inequality, that's predicated on racism, implicated in systemic inequality focused on racism is also a story about inequality when it comes to classism as well... there is a correlation between race and class.\"\n\n3. Black people face different standards and expectations as they accumulate wealth Laryea: \"When people ascend the kind of economic social ladder, they are held to different standards than their non-white counterparts... oftentimes correlations that we see around wealth and whiteness are not questioned. But when we see black economic thriving, we question why they should be thriving.\"\n\n4....","thumbnail_url":"https://img.transistorcdn.com/bCpvkYgrorWYCv4ujOodZ7o-xqCKvQH-YHlEI5E7zpw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83NDM2/MGJjOTYyNjBkYzJi/ZDVhMTUwZDgwMWE3/ZDk3OS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}