Tuesday, January 08, 2013

Africanus Ceteris Peribus

The study of economics benefits all people including African Americans. One of the most potent insights thinking critically about economics provides is just how well off Americans of African descent are in this country.
I often hear black people complain about being poor yet they clearly have not considered
  1. How relative concepts like poor & rich are
  2. The living standards of blacks around the globe
For example, worldwide most black women do not have a drivers license, much less a car. In America it is not uncommon to see black woman shopping at malls, driving and enjoying what would be termed a luxury lifestyle in much of the and to much of the worlds population (regardless of sex or race). The authors of this report endured much criticism in the media but their fundamental premise carries weight.

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