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The REAL Meaning of Racism in America

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1,970 views156likes1:35:25sirwalterjOriginal Release: 2026-07-20

Racism is fundamentally a wealth and power-based competitive relationship where the white majority uses blacks as a means to produce wealth and power, not merely about hate or bigotry. Dr. Claude Anderson, an economist who ran Florida's education during desegregation and served as Assistant Secretary of Commerce under Jimmy Carter, argues that at the end of the Civil War, black people owned about 0.5% of the country's wealth, and this percentage has barely changed over 150 years. This economic definition explains why Black Wall Street was destroyed through urban renewal and redlining, and why African Americans spend over a trillion dollars annually but own almost none of the production, distribution, or land that money crosses.