Thank you Netflix for this video and making it free for all - I work in finance and the number of people who don't understand the difference between wealth vs riches is part of the reason they will never feel the pain of our African American brothers. I am completely in support of the recent protests of BLM even though I am part of another minority group - May God Bless you!
May God bless you to sir, and he will. Ignorance is bliss until you find out that there are more than just natural laws governing the universe, according to the law of God, those who lead into slavery, shall be lead into slavery, those who practice greed, shall know depravity and so forth and so on. But the simplest and best law of all, is that you simply get what you give!
This episode, single handedly changed my outlook on life. It was eye opening, heart breaking; and to tell the truth, one day, in my own kitchen I broke down in tears because of it. Its so hard, to finally learn the truth about why certain things are the way that they are. Its so difficult to learn the real reason why everytime you take five steps forward, you get pushed ten steps back.
project independence - Shut the F up....you are the biggest whiner on here. The sooner to take responsibility, your shitty life will turn around (maybe).
@@joshualbenitez1208 Thank you for your comment. I was born in the America but I consider myself African American. And as an African American in America I have been forced to hold my race close to my identity (and citizenship). You are entitled to your opinion - just not on my comment.
Videos like this are needed! people walk around wearing their ignorance like jewellery and the more videos like this are released and circulated, the less excuses can be made.
Love that description "wearing their ignorance like jewelry" FACTS. Ppl be saying things like "i don't see color!" "we've made so much progress, rascism doesn't exist--!" etc, etc. Ugh. that makes people willfully ignorant of the systemic issues!! Especially when it comes from rich/ middle upper-class white folks...they are the ones most likely to be going on to become policy makers and government officials, they are the ones who need to understand these issues the most, as they can shape the future right now!! Harvard/ivy league legacy students and such need to get this. and do more for these communities!
@@marydavis7978 Worker-Class-Struggles were amazingly covered by Second Thought and Some More News. I will spam-this-comment-here in the hope to reach more people, hoping my Intent is what is seen and not my stigmaized-practice.
@William Kiene agreed, and book actually explains how we can...and yes of course..I'm assuming you're referring to a FICO credit score sir? not sure what FICA is
@William Kiene You are correct. They do! Stop waiting for a country that has NEVER been in their favor to help them. African Civilizations thrived for Thousands of years when Western Europe was in the Dark Ages without sanitary conditions.
@William Kiene They did it, without the help of white america - it was called Black Wallstreet...and then that was distroyed. I step forward, 400 (yrs) steps back and counting
I used to think racism was just in the minds of people with an inferiority complex, but then again, I'm not american, I don't know most of its history nor was I raised here. Thank you Netflix for educating people, myself included, with this eye opening content, even more for making it public. This brought tears to my eyes.
“The American Dream IS at the expense of the American Negro. I picked the cotton, and I carried it to the market, and I built the railroads under someone else’s whip for nothing. For Nothing .” -- James Baldwin
@@mr.sheppard - That labor capital wasn't spent on the advances, and wouldn't even begin to cover it. Keep telling yourself that....and keep losing the game. It's cool....someone has to lose.
Man I tell ya. So much respect for the African American community. They have faced slavery, segregation, economic and social ghettoization, unhinged police oppression & harassment, institutional racism, denied quality education & healthcare. And yet, despite of all this and much more, they still persevere and hope for a brighter future, where the White Man sees them as fellow brethren. I dont think that's gonna happen anytime soon, especially with the way US political system is setup. America needs a revolution! And not just to fix police brutality post George Floyd, but to overhaul this despicable system from its roots.
13:40 in South Africa we call it Black Tax you graduate, land a job now you have to pay student loan, go back and renovate or build your family a home, try to help your siblings by the time you try to spoil yourself most of your white friends have a house, cars, kids and married. We are working backwards and at the same time you still don't get same salary as your white friend even though you are doing the same duties, We still have a long way to go.
John Vumazonke - I believe that's called a "crutch" AKA an EXCUSE. Last time I checked we're all floating on the same rock, in the same shitty game. A-HOLE.
Jamey Lane it’s obvious you’re dense if u cant logically see how all this is accurate....the fact that u call it an excuse shows your low level thinking capacity.
@@jameylane9196 You're right about it being an excuse - a very VALID excuse. 300 years of discrimination will damage generations for hundreds of years after, and you expect the discriminated to fix that themselves? That's like shouting at someone with a wound for not being able to stand up, while not trying to help them.
@@jameylane9196 Firstly - they're not my problems, because I'm white and they affect people of colour. And secondly, do you think insulting people gives you the leg up in a debate? Because ironically - it just makes you sound immature.
Far too many in this comment section see racism as in the past, but don't see how the effects of 400 years of racism at the highest level still creates hell for the Black community in 2020. At this point, it has to be willful ignorance...
Yikes at some of these comments. The truth makes y'all uncomfortable so y'all use irrelevant anecdotes such as Asians and personal stories as to why this information is wrong . you don't refute any of the statistics. I'm just waiting for one of you somehow to blame the state of African Americans on rap music . No one is blaming you. This is just bringing awareness that y'all clearly lack. Stating factual information isn't playing victim! How can you play victim when your people were victimized? It wasn't you specifically but the people of the past which have negatively impacted our future. The past in most instances shapes the future. African Americans beef is that we feel that there are many white Americans of the present who deny this no matter how much proof there a is due to ego and some sort of guilt. Please I beg y'all to put your emotions aside and use logic so we can all strive towards a better future socially and economically. Educate yourself before you speak on a topic you know nothing about.
Thank you! Very well said! The problem with all of humanity is ‘Cognitive dissonance’ and it plays out in-front of us every day! I ask this,who is alive and today to be held responsible, for the crimes against humanity that were committed yesterday?! I know myself and many many other black people do not blame the 21 year old white boy born and raised in Atherton, CA and graduating Stanford business school who is most likely going to create his own tech start up company and be a multi billionaire with his fellow colleagues... he was born into his life of privilege, and it is not his fault for what his ancestors did... but it is now the responsibility of every single middle and higher affluent class people white or any other race for that matter, to extend the hand, and help their fellow Americans, especially if they are black and other minorities... because the government isn’t going to do it, the government is only here to protect the wealth of the elite, Donald trump is a perfect example to prove my case... it is our responsibility to take care of each other! Because if You don’t have it, than I don’t have it, and if I don’t have it, than nobody has it! The wealthy are only wealthy because there is a working lower class that allows them that wealth, we literally create and sustain the wealthy because we are compliant with their rules... but the reality is one day, the lower class is no longer going to be compliant, and I’m not just talking about black people... and when they no longer are compliant, and they are in a position where they don’t have access to resources, but only the wealthy do, then best believe they are going to take it from them... so that means the lie of the system is exposed, and that lie acts only in self interest for the preservation of self, but you can’t preserve your self, unless you act in the interest of everyone around you!
@@johnathansaucier6339 my apologies for assuming they were Italian . I tried to change my comment to European. My point is America has a long history of keeping african Americas oppressed by keeping them uneducated and unable to have access to wealth.
Not tryna be rude or somethin but my question is why do black people and asians go against each other? Why not just help each other out. White people get away with ANYTHING because other races be throwing so much criticism towards each other while we could just work together. Be kind to everyone and make this world a better place. (btw I'm blasian so I have experienced getting hated on by asians and blacks).
@@Samantha-gg1vi I think the hate comes from racist (key word racist cuz I know some moron gon say I'm generalizing whites) whites pitting Asians and blacks against each other . we just don't see it. in conversations about inequality racist whites use wealthy asians as some sort of irrelevant token to try and shut black people down in conversation. Instead of getting mad at the racists we get mad at asians which is wrong.
Thank you, Netflix, for putting this on UA-cam. Watched this last year on the platform. It has help mold my future plans with educating tomorrow's leaders on building wealth.
I was initially turned down for a loan to buy a condo in 1992. I had excellent credit and a very good job. There was no reason why I would not qualify for the loan I was applying for. When the loan office said I had been turned down for the loan I demanded to know why. He had no answers and said he would reenter my application. It was approved. They had tried to discriminate against me but had to back down because they had no legitimate reason for refusing the loan.
Still I am from Nepal, a small Country which is located between two big giant country-China and India. But I After Watching this Video, It just melt my Heart And Inspire me to do morw on my life about Racial Wealth. Salute to Netflix and Thanks a Lot for Providing us such a beautiful Video. Thanks a Lot Netflix.
Nepal has a big wealth gap than this tbh. Here middle class and poor are getting poorer whereas rich people who mostly consists of politicians and some businesses man are getting filthy rich. Its really sad and depressing here.
wtf , your comment doesn't seem to light anything was in the documentary. your heart melts because Nepal is in between of China and India. hahaha Jesus...
4:46 to 5:12 + 5:20 to 6:00 = 1:06 0:23 to 0:33 led to this mindset 2:07 13:55 15:21 If we were equal from the beginning, Black Families would have a similar wealth to their counterparts.
The black Congressional Congress literally wrote the mortgage law that took away 53% of African American wealth. That's more wealth than all of colonial Europe took out of Africa for 100's of years in less than 10 years by your own politicians. Try not electing people solely based on their skin color if you ever want to succeed in politics 😉
So very true! I've watched The Money Masters documentary and it's very informative and eye opening how currency came into human history. Humanity has failed by only caring about such things that believe have value.
This is so incredibly sad, I’m one of the children struggling to have their own, I was born in Barbados 🇧🇧 with no inheritance and at the bottom of the barrel, I now live in canada 🇨🇦 the most I can do is work hard, save, try to invest and hope to buy a home at some point to have a starting point for my 11yr daughter.
“If they can’t have their equal share in the house, they’ll burn it down” - Malcom X Very prescient in light of the nationwide protests going on right now
Looters don't care about their own communities, gangs care only about their own members, thugs are just looking for something to destroy. There are studies proving that white liberals have vastly exaggerated perception of black victimization, in fact black people think of themselves as less oppressed than white liberals think they are.
@@goosenuggets9693 I don't expect G.A. to come to any realizations, to do any intelligent work of discovery or to muster any compassion. I'm not looking for a discussion with GA because I don't think that potential for discussion is there. A statement was made that is absolutely patently false, and based on a narrative that is the biggest part of the problem. Confirmation bias plays there as well.
Nonsense, same scenario - put it in an index fund and it’s grown on average to that value inside of 2 years. You can put the money in index funds with $1000
@@Garyboldyful what a spectacularly shortsighted response! It is obvious that he is assuming that all one has is $1000 and you're suggesting to put it all in an indexed fund ..... How do you expect the him/her to pay the bills and shop for grocery??? One needs disposable income to invest!
Man, this has to be one of my favorite Explained episodes. I love documentaries and wish I could work for a company like Vox and work on stories specifically like the racial wealth gap.
@@oyotundookubegwa520Nigerians like you, Oyo, always think they are better than black people, smh. This is what I hate about our community. Black Americans are the ones that paved the way for everyone in Africa and the diaspora to come and make a life here.
THIS needs to be taught to every single kid in public schools in America. Learning about each and every battle in the Revolutionary war is NOWHERE near as important as this information. People need to be educated on this in order to dispel untrue, harmful stereotypes against the black community.
Yes it is hugely financially rewarding to dispel untrue, harmful stereotypes against the black community. Many large companies have opened new departments to do this sort of thing. Pity it doesn't extend to Chinese and Japanese companies
My mom taught me this at the age 5... being 23 I’m so happy and proud she taught me this at a young age... teach the youth! That way they’re not as angry when they get older.
The fact that the beginning of generational wealth is only beginning dominantly with our generation is even more frustrating. Sometimes you don't get hired because you have too Much qualifications as a black person yet they don't hesitate to hire Fanie who only has a Matric certificate.
This is a fantastic documentary to explain the value of home/land ownership and how it affects economic prospects and quality of life. It very clearly explains the wealth gap that is experienced in the US as a result of discrimination and racism in terms that can also be considered and transferred to other countries experiences. My suggestion would be to remove the swearing in the 12 second clip between 4:10 and 4:22 to make it completely safe to show in a school setting. That 12 seconds is not worth making it challenging to show and post links in classroom online platforms considering how important a message this documentary delivers.
As black people we have to stop relying on this government and start helping each other, like other minorities. We have to learn to be one for all and all for one, like it was before there was integration, when we depended on one another for survival.
I agree with cooperative economics but society has changed greatly over the last 50 years. Many have been in survival mode for generations which still means that wealth gap persists. Without resources, how do you expect people to help one another? In addition, poverty amongst black people have dropped significantly. Many have a tendency to over romanticized bygone eras without acknowledging that most of the black people in those eras were still poor.
Every time the government makes a law or program to help the Black community. It make it worse. Stop Enabling people and teach them financial education.
I really wanted to get my university education in America, but the more I learn about US history, the more I think it's probably best I just look for a university in Africa. We have problems too, but I'd rather not add more for myself by becoming a first-generation African in the states. The American dream is dead :(
Im afro Caribbean and an immigrant. I've lived in America permanently for the past 15 years and although my home country didn't have the proper infrastructure for me to succeed (I don't know what country in Africa you are in) I can say there is still an American dream. I was able to get a college education and work a good paying job right out of school. Im lucky , I won't say the racism isn't bad here, honestly you get numb to make it through the day sometimes but the black people I've met here have changed my life for the better.Their history , culture and strength is astounding and there's so many other cultures that add on to this country. I wish you luck in your decision.
I guess everyone has their own view of the dream depending on their contexts and experiences. A lot of my friends are still very keen on coming to the States next year, so the dream lives on for them. I want to believe that I would have the opportunity of being one of the lucky ones as well, but in as much as there is a chance for that, there is also a higher chance that I might have the most miserable experience I could have ever imagined. I am truly happy that you're making it work, In- TRANSIT. And I wish you good fortune in your pursuit of a place that feels like home, BM 20. I live in Botswana but I've been in the Kingdom of eSwatini doing my last 2 years of high school, and as far as I know, both countries are very accepting of immigrants like most other African countries, in fact, we accept all communities with open arms:) However, the sad thing is that we are still conditioned to believe that America, Europe, and Asia(specifically China) are the places you NEED to go to for great higher education :( I just wish we would focus on also getting our education to international standards instead of perpetuating brain-drain and pushing our people to places where they are clearly not wanted. But Kudos to all the people of color making it out there👍🏽😊
BM 20 u don’t certainly understand the privilege born in US. Just go to developing or underdeveloped countries and see the infrastructure. I came as an immigrant to US and did master’s in electrical engineering and got good job. I’m happy to be in this great country contributing to this economy. Don’t tell anyone to not come to this country and pursue education. P.S- I’m person of color(poc).
@Adil Alfa that is only on the surface, given the current pandemic, CCP has shown its real face, I'm not sure you would say the same thing if you dig a little deeper.
@@tytube3001 Because they account for 5% of the population. and majority of those are Chinese and Indian wealthy children (communist China alone having over 100+ billionaires). those that can afford coming here, come here. small population, less poverty rate that can even afford to come to USA. Asian immigrants who can afford to come to America tend to be wealthier. If you look at South East Asian tends to have the lowest high school graduation, even under Black people (who people assume is majority). Majority of Asians can in the 70s and 80s, when the immigration law was passed. They didn't experience any of the raw turmoil in the US as other minorities, so they were able to just thrive. While the others were still held down. Whites are the majority, so you're going to have a bigger poverty curve. Where majority of Asians (Eastern Asian) coming to America already had wealth from their previous country.
I came from Afghanistan in 2011 and I am Asian. I worked odd jobs and then got a job in manufacturing starting $12 moving to $20 plus lots of overtime. at 30 i now have a house half paid (180,000), 401 k (100k) and 60 k in savings and live in a white neighborhood. discrimination does exist no doubt but people have to learn to work hard, save money, invest their money and not have kids until they are ready. there are plenty of opportunities in America but have to make sacrifices and think every how you can have a better tomorrow. everyone i know just know how to spend. God bless America
Trust me, im a white american and its honestly sick how our politicians use us as puppets to push their agenda. And black people in some communities are harrassed so much by police that they have no chance. You ever wonder why our low income is 1/3 of our population, and 1/3 of our population have a criminal record. But no one wants to speak on that either
The best shot I believe is saving significant money and investing in real estate. Two problems immediately appear. You can't save enough and housing prices have exploded through the roof. So i figure, live extremely low below your means. Try to go to school to get as high paying a job if possible. Work with your family if possible and live with your parents if you can. Then save a SIGNIFICANT amount of money. This can only be done by making more and spending less. Then use your savings to buy a property with tenants. Only problem is, housing is gotten very expensive. So you have to travel to nowhere and find houses that are relatively cheap and are preferably still "middle class" in that particular area. It sounds like a lot but its the best shot.
this is sound advice. and also i say hold off on having kids until you are in your 30s. i’m dominican and i’ve seen too many of my friends and family stay in poverty because they had kids too early. i rarely hear people talk about this. yes, it’s our human right to have kids but they ain’t cheap but if you have them and aren’t financially secure, you and your children are more likely to struggle.
And this is precisely why I have taken extraordinary measures within my family to change the narrative. We are building generational wealth we are leaving a legacy. It is every black families responsibility to get on code or be left behind.
It makes me sick to my stomach, to hear other humans disregard something so brutal, so cruel, so real. As a Black Man born and raised 40+ in Mississippi, I've experienced the hate, bigotry, and the clear divide amongst race and wealth. It's hard for me cause I put my all into everything I do, yet I struggle more and more....I see others just wake up and coast and still have all I've only dreamed of. I recognize how indifferently the law treats us ..... officers and the system. It's ALL jacked up, and to actually see and hear people act like it never happened and continues to happen is disturbing.... mentally and physically... it wears you down, and most of your on people don't understand, so they hurt you more than help without even knowing.
I am so sorry you experienced this your entire life, it does wear you down and people are quick to be dismissive of how such treatment will take its toll overtime. Even if you are equal on paper, doesn't mean you are actually equal in society. I had a few friends with mental/physical disabilities and it really opened my eyes alot to that fact, which I only see and understand more and more the older I get.
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!
I hope in light of recent events, that this will change. It's a shame that it has gone on for this many years. For the record, I'm white, not black so I cant even begin to understand what you've been put through for years, but I empathize with you. I know there isn't really anything I can say that will fix things, but hopefully my actions and attitude can help some way. We are all humans on this planet and this is the only space we have, and there's plenty to go around.
And as human beings we lap up everything that is fashionable. And right now feeling the pain of the Black community is spot on fashionable. Going to a " defund the police" demonstration is a must.
I have always been a bit skeptical of racism in this manner. This documentary was fantastic in how it was explained, I have no more reservations in believing this now. Kudos
This was a good attempt to explain the basics but it falls short on telling the story of how they literally bomb wealth out of black neighborhoods and i'm not even talking about the black wall street's. They also do not mention that the government not only recovered assets from blacks but gave it back to the slave owner. It does not talk about the use of black people as a way to make social plans for white ie food stamps , housing vouchers , and discrimination laws. They did this by using the word minority which applied to white females who also was married and had slaves. this should have been a series just by itself.
I agree. I do think this was strategic. You will get a lot more viewership among white people if you are less controversial. Now a person who have watched this, does a bit more research and find more injustices like you just mentioned. Then maybe start watching more 'truthful' documentaries. So while this a basic explanation, it still has an important function in change.
@@nataliawoolen1400 there are many books but start with a book name "They were her property" it go into how white women owned slaves and attached themselves to affirmative action. then read "When Affirmative Action Was White' this will give you the in and out of how actually attached themselves
stop saying reparations are for slavery, Start saying its for Jim Crow. Our middle class black families are poor because our mothers and fathers couldn't own good homes or go to normal colleges. Saying its about slavery, gives them an excuse of saying it was too long ago
Actually no there are better “reparations” that don’t involve giving money to everyone who feels they should get payed for slavery. People are thinking short term. What we should instead do is change the entire economic system to a system similar to Sweden where it is still capitalism, but taxes are higher to pay for social welfare systems, and responsible regulations now I realize that most of the argument is how long this will take, and what regulations should we make, and how do we tell people that we need this but it is a start. We should also focus on how the system is racist but moreover why the systems treats poor people the worst. We need to change our society to be less subject to immoral capitalists, and more subject to morally good captialists. Paying reparations for slavery is so dumb and retarted. Paying reparations won’t do anything except drive people to beg for money from the goverment and beg for something they don’t deserve. I understand that black people have gone through a lot but they shouldn’t get reparations for something they weren’t subject to. We should rather change our focus to a bigger picture which most would rather ignore because of the political climate surrounded capitialism and the goverment.
A word has yet to be created to describe the feeling of being a black person in America (past or present). To be taught the history of your birth nation with ancestors presumed too indigent to be anything more than free labour and experience its repercussions. Despite a plethora of institutional hurdles, I hope we continue to persevere. I yearn that our people soon aquire the (collective) cultural sentience requisite to improve upon the mistakes of the past and achieve generational prosperity!
The word you were looking for was "ignorant" not " indigent". Indigent means broke, lacking money/resources. Ignorant means uninformed or lacking knowledge. And yes, we all got the meaning of your post. I'm black too and I feel you, literally.
I don't know a black person that doesn't realize that discrimination and racism exists but I don't think many realize HOW they're being discriminated against. A house is supposed to increase in value for a lot of reasons but for blacks this isn't the case. New housing communities marketed toward black homeowners are usually in areas where investors and the city don't put a lot of money into developing, so those areas tend to deteriorate. Factor in how the city will actually deprive black areas, don't fix the streets, improve drainage, etc; buying a home WITH a sub-prime mortgage becomes a debtor's prison, that you can only lose money on, if you choose to sell. The documentary didn't mention how the GI Bill handed out millions of dollars and gave returning war veterans zero interest loans, that one needed no down payment to walk into a brand new home. The only problem was they didn't give that money to blacks, so the wealth gap exist because the entire country worked collectively to deprive us. I say rent, keep you money and invest your money in places where they can't see the color of your skin.
This is why Black people say if I was White. My family would be better off. It isn't saying we want to be white. It's a reflection on how society has functioned against us. Most who aren't black don't have the ability to see it through our eyes. That job, well I wouldn't have passed up if I was white. That house I wanted to buy. I would have had an easier time. Because the realtor hadn't seen me as black. if you only had my name to go off. How would your decisions be made. When you don't know someone's nationality or ethnicity. All biases and perceptions are removed. So are people thought process the problem. Or is it individuals who have to live through that reality?
I'm a foreigner, I came to US as a visiting scholar I realised that the biggest problem is real estate, not income. it's systemic problem and already designed that way! Though It takes long time, Blacks should continue fighting for there rights!
Kenley Bazile yeah so because humans did something unfair and wrong for a long time let’s continue doing unfair and wrong things now right? Also absolutely not, people aren’t payed differently based on their skin colour, what does this have to do with immigrants...?
Learning American history is hunting me for life. in every corner, you look at it is horrible and unbelievable injustice And it also made me rethink my educational destination In America
Why should people who were never slave owners, give people who were never slaves money? Learn about credit and markets and that is your ticket to wealth
@@Errricccc You should consider that in 1865. there were 4,4 millions Afro-Americans, today around 40 millions, giving reparations doesn't make sense. Most of "white people" weren't slave owners...
Way to blame others for your failure whilst taking no responsibility for your own with no attempt to improve your life. Quit blaming others for everything and take responsibility for your life.
Why am I only seeing racism from Asians in this comment section? It’s funny, black people always stand in for all races! But when they just get a little bit of light and voice for once, y’all come at us? This is so sad! We have both suffered racism in this country! But let’s please not forget, black people were brought here by force and held at bay both economically and in education! Our problems are not the same! And you priding yourself as in: “We made it in America too! Why can’t you? Oh is it because you’re lazy and blame everyone else” is so ignorant and disregarding of ever single thing that was stated in this video!
Selina Aylin right!!! Finally someone said it, I get that a lot from people all the time. “Like you’re not trying hard enough, You can do it, I’m American too.” You can’t compare everyone’s life story just because we live in the same country. Obviously, this video tells it like it is and people don’t want to see the truth. There’s definitely some inequality in this country and it’s sickening. Specially, to look down upon you just because you’re not at their level. Like aren’t we here for the same reason to live a good life just like you. What’s up with the discrimination??
@@afgone Those efforts came from being discriminated in America, not by special privilege. You should look into the history before judging the present and future.
I'm white and I'm watching, too. I'm not American, though. This video was so clear and informative. It really made me understand what 'institutional racism' means in practical terms. I'm flabbergasted.
@cm. CG are u an Asian troll? The “west” and what u wrote sounds awkward... not targeting Asians or anything, just tend to notice that Asian internet trolls do this often... I’m Asian myself...
@cm. CG lmfao dude. I’m questioning u. I’m not interested in whether u admit or not, however if u are one just stop doing this kind of stuff. I disagree with the contents of the video too, but I’m sick of racial divides. It’s so go damn annoying at this point, and ur type of comments don’t help.
I never considered that. Do you think it goes a step deeper with basic greed and pride? Because one could say if the roles were reversed, blacks would be just as resilient to change.
JB Greed and pride are common symptoms of the culture blacks largely practice. But by no means is it unique to blacks. Southern whites used to practice this very culture and there are still vestiges of that culture today seen in some southern whites. In order to succeed one must delay gratification, and invest in their children’s future. The “change” you’re working for, isn’t necessarily for you or your lifetime. This and raising a child with two parents. It is clear that these are the common qualities of those groups of people who have propelled themselves out of poverty and those groups that have stayed wealthy across generations.
Great doc! This explains, in detail, a lot of what is supported by a lot of other reading. Now is the time for understanding, self-analysis and change.
@@mike-ws3jl No, this is prioritizing equal opportunity - not equal outcome. If people of color are cut short of opportunities then we have this gap. It's happened again and again. 'The rich get richer' is certainly more than just a saying. If one family's financial baseline is to just be able to cover the bills, and another family can cover the bills and invest a bit, who is going to be ahead in 10 years? Extend this to several generations and this is what we get. But here's another upside that conservatives seem to skip over: Financial opportunity given to people of color will result in a greater GDP and a greater overall national wealth.
@Ronald Reagan so you assert that people who are born poor and uneducated just stay that way because they want to? They should just 'pull themselves up by their bootstraps' and make money huh? For people who don't have a college degree, those >60k jobs are just out there for the taking? Look at how silly this is.
God bless this video and how educational it is, it burns me to know that Blacks as a whole have gone threw so much yet we dont learn any of this important info in school.
Thanks for this video. It’s important to know what you are up against if you are to rise above a system. The issue with many ADOS is that this info is not known (although available if you are determined to research). People will simply tell you that everyone is equal here whilst you sit & question your own reality. 🥴
If you want a more in depth view of the racial disparity when it comes wealth, finance, and home ownership. Then I HIGHLY suggest everyone to read the book. " The Color of Law: A Forgotten History of How Our Government Segregated America Book by Richard Rothstein " It is a critically acclaimed book and has so many well documented historical references to support it. Stay well, safe, and never forget your history. As those who do are doomed to repeat it. -MsBoo
Claude Anderson was saying (his book, black economics, white wealth)the same shit this white man said in that book YEARS ago. What’s the point of my comment, black people ONLY listen/read white faces, do not deny this please..
Fee Scott-Bolden Actually no there are better “reparations” that don’t involve giving money to everyone who feels they should get payed for slavery. People are thinking short term. What we should instead do is change the entire economic system to a system similar to Sweden where it is still capitalism, but taxes are higher to pay for social welfare systems, and responsible regulations now I realize that most of the argument is how long this will take, and what regulations should we make, and how do we tell people that we need this but it is a start. We should also focus on how the system is racist but moreover why the systems treats poor people the worst. We need to change our society to be less subject to immoral capitalists, and more subject to morally good captialists. Paying reparations for slavery is so dumb and retarted. Paying reparations won’t do anything except drive people to beg for money from the goverment and beg for something they don’t deserve. I understand that black people have gone through a lot but they shouldn’t get reparations for something they weren’t subject to. We should rather change our focus to a bigger picture which most would rather ignore because of the political climate surrounded capitialism and the goverment.
My notes for school research: Median white household savings (assets-debts)= $171k Median black house hold savings= $17,600 •African-Americans are far more likely to be unemployed •Employers still discriminate •Wealth is captured through property (in terms of a century) •Home equity accounts for 2/3rds of wealth •Black family moving in a house would decrease the value of properties around thus calling it a risk (HSA drew maps in red where black families lived) •This affected what jobs you get, the education and how safe your school was, and whether your home increased in value •1968, housing discrimination was outlawed, but didnt end •African Americans were more likely to get subprime loans (loans that start cheap but then gets much more expensive for borrowers with lower credit) •Balck communities lost 53% of their wealth from that •If whites and blacks started off with the same edu. It would lower the wealth gap by a bit •Balck college graduates wealth decreased because their poorer family members were asking for help
Education is key! Share share share Something I’ve learned recently, the people bought from Africa for slavery in the US happened less than just a few hundred years ago. These people were brought here and then just set free into society with no tools to rise. It’s ridiculous for anyone to be blind to this. If I throw my 16yo out on his own to just “figure it out” and hand him money out of guilt for my bad choices, he’s probably going to fail. The hand outs need to stop and remember that education is key. Jesus loved everyone. No racial gaps. These racial gaps are being pushed with an agenda. Usually politics. Love one another as we would love our brothers and sisters. We are all one. Let’s rise above it all and help educate in the lower income communities. Anyone can rise above it all with some love and understanding. Again, education for everyone. Teach your children the truth. Do not teach the agenda. ✌🏻❤️😊
fela_soprano I never said anyone asked for money ... what I am saying is, black slaves were set free as well as native Americans and were given government handouts trying to make up for the past wrongs. It made both reliant on handouts with no education to learn how to do it themselves. No education on money or how it works.
@@kman8271 "It made both reliant on handouts with no education to learn how to do it themselves" That's just conservative talking point lore. Giving someone starting funds to help them survive is not reliance.. Remember the recently slaves have nothing. nothing whatsoever... I do agree education, skills training, job training are keys tho but in America things are not free or easily accessible as in Europe... Another way the US gov is shooting itself in the foot by not making education accessible
Similar to the discrimination based on Caste in India. However, India managed it by giving reservations to the socially oppressed. It helped and is helping a lot.
'This slaves didn't just represent wealth, they were wealth'
I felt that
Its painful
Jonas Kgomo you are lucky u are not part of it anymore
@@MsBloo I will check it out 🙏🏼
Yall sure have depreciated
@@jameylane9196 I've seen you under a few other comments, the truth really hurts huh lool??
Thank you Netflix for this video and making it free for all - I work in finance and the number of people who don't understand the difference between wealth vs riches is part of the reason they will never feel the pain of our African American brothers. I am completely in support of the recent protests of BLM even though I am part of another minority group - May God Bless you!
Dwight you words are appreciated.
Dwight Schute can we talk, got a couple of questions.
you are free to be an idiot
LOL
May God bless you to sir, and he will. Ignorance is bliss until you find out that there are more than just natural laws governing the universe, according to the law of God, those who lead into slavery, shall be lead into slavery, those who practice greed, shall know depravity and so forth and so on. But the simplest and best law of all, is that you simply get what you give!
This episode, single handedly changed my outlook on life. It was eye opening, heart breaking; and to tell the truth, one day, in my own kitchen I broke down in tears because of it. Its so hard, to finally learn the truth about why certain things are the way that they are. Its so difficult to learn the real reason why everytime you take five steps forward, you get pushed ten steps back.
project independence - Shut the F up....you are the biggest whiner on here. The sooner to take responsibility, your shitty life will turn around (maybe).
I highly recommend you to watch "The 13th" documentary from Netflix (free on UA-cam)
Great, now do something with this knowledge otherwise it means nothing.
Jamey Lane You’re in denial
@rockster10101 You are misunderstanding. Do something with that political insight and try to change things.
As an African American in America. This episode of Explained changed my life. I have never viewed money the same since.
If you were born in America, you’re American. Not African American.
@@joshualbenitez1208 Thank you for your comment. I was born in the America but I consider myself African American. And as an African American in America I have been forced to hold my race close to my identity (and citizenship). You are entitled to your opinion - just not on my comment.
C. Brooks It’s my pleasure. But you’re an American.
Joshua L Benitez just because u weirdo ass Hispanic people hate your culture so much doesn’t mean everyone else has to 😂
Don’t fall for the identity politics, it’s all about the individual.
Videos like this are needed! people walk around wearing their ignorance like jewellery and the more videos like this are released and circulated, the less excuses can be made.
Love that description "wearing their ignorance like jewelry" FACTS. Ppl be saying things like "i don't see color!" "we've made so much progress, rascism doesn't exist--!" etc, etc. Ugh. that makes people willfully ignorant of the systemic issues!! Especially when it comes from rich/ middle upper-class white folks...they are the ones most likely to be going on to become policy makers and government officials, they are the ones who need to understand these issues the most, as they can shape the future right now!! Harvard/ivy league legacy students and such need to get this. and do more for these communities!
You're right! No one should be walking around ignorant with all the information out there! But you'll be surprised!
White Liberals virtue talk, but they wouldn't find themselves buying any property or building a business in black neighborhoods any time soon.
@@marydavis7978 Worker-Class-Struggles were amazingly covered by Second Thought and Some More News.
I will spam-this-comment-here in the hope to reach more people,
hoping my Intent is what is seen and not my stigmaized-practice.
@@marydavis7978 some people fear information different from what they were taught or use to which makes them ignorant
I advise everyone to read “Black Labor, White Wealth” by Dr. Claud Anderson. Eye opening
Chicago is now the worlds' most wealth polarized city, why? those politicians living in their mansions dont care
@William Kiene agreed, and book actually explains how we can...and yes of course..I'm assuming you're referring to a FICO credit score sir? not sure what FICA is
@William Kiene You are correct. They do! Stop waiting for a country that has NEVER been in their favor to help them. African Civilizations thrived for Thousands of years when Western Europe was in the Dark Ages without sanitary conditions.
Tell white ppl worry about opioids and lil Timmy killing the whole family over a xbox game
@William Kiene They did it, without the help of white america - it was called Black Wallstreet...and then that was distroyed. I step forward, 400 (yrs) steps back and counting
I used to think racism was just in the minds of people with an inferiority complex, but then again, I'm not american, I don't know most of its history nor was I raised here. Thank you Netflix for educating people, myself included, with this eye opening content, even more for making it public.
This brought tears to my eyes.
Sofía García That’s what white people taught you and you believed it.
Thank you for being open minded and willing to change your view when you get addition context and information.
StopBeingRacist facts
you're spanish lol typical of you to say such a thing, glad you learned something.
America has never reconciled with its history, it’s systematic racism is one of the worst. Majority of people in this country share that view you had.
“The American Dream IS at the expense of the American Negro. I picked the cotton, and I carried it to the market, and I built the railroads under someone else’s whip for nothing. For Nothing .” -- James Baldwin
I think everyone needs to read James Baldwin at least once a week.
(And Angela Davis. And Audre Lorde. And Ibram Kendi. And Ta Nahesi Coates. And...)
project independence - Sure, cotton, I guess all that science and engineering came out of the fields too? Shut the F up.
@@jameylane9196 no out of my country and others.
@@jameylane9196 If it wasn't for the free labor, there would not be capital available to develop those sciences you speak of..
@@mr.sheppard - That labor capital wasn't spent on the advances, and wouldn't even begin to cover it. Keep telling yourself that....and keep losing the game. It's cool....someone has to lose.
Man I tell ya. So much respect for the African American community. They have faced slavery, segregation, economic and social ghettoization, unhinged police oppression & harassment, institutional racism, denied quality education & healthcare. And yet, despite of all this and much more, they still persevere and hope for a brighter future, where the White Man sees them as fellow brethren.
I dont think that's gonna happen anytime soon, especially with the way US political system is setup. America needs a revolution! And not just to fix police brutality post George Floyd, but to overhaul this despicable system from its roots.
@ra al umm yeah sure African Americans put themselves in slavery. That really makes sense.
Yeah you can blame democrats for all of that but ay............
@ra al What do you mean?
@ra al yawn... people like you are BORING!
fuckin amen my dude
13:40 in South Africa we call it Black Tax you graduate, land a job now you have to pay student loan, go back and renovate or build your family a home, try to help your siblings by the time you try to spoil yourself most of your white friends have a house, cars, kids and married. We are working backwards and at the same time you still don't get same salary as your white friend even though you are doing the same duties, We still have a long way to go.
Same for us black people born in France...!
if a man enters the starting line of the race 300 years after another man ,that right there was deep
John Vumazonke - I believe that's called a "crutch" AKA an EXCUSE. Last time I checked we're all floating on the same rock, in the same shitty game. A-HOLE.
Jamey Lane it’s obvious you’re dense if u cant logically see how all this is accurate....the fact that u call it an excuse shows your low level thinking capacity.
@@jameylane9196 You're right about it being an excuse - a very VALID excuse. 300 years of discrimination will damage generations for hundreds of years after, and you expect the discriminated to fix that themselves? That's like shouting at someone with a wound for not being able to stand up, while not trying to help them.
@@jameylane9196 Firstly - they're not my problems, because I'm white and they affect people of colour. And secondly, do you think insulting people gives you the leg up in a debate? Because ironically - it just makes you sound immature.
Jamey Lane truth hurts don’t it 😭 don’t cry baby
Far too many in this comment section see racism as in the past, but don't see how the effects of 400 years of racism at the highest level still creates hell for the Black community in 2020. At this point, it has to be willful ignorance...
They'll agree with every scenario on how the past might effect the future but this one because it hurts their feelings.
They also see racism as name calling but intentionally refuse to acknowledge the truth
Placing racism in the past is a tactic they use to absolve themselves of personal responsibility.
...and those are FACTS!
Aaron - Do you want us to get your mommy? Are you going to cry?
Yikes at some of these comments. The truth makes y'all uncomfortable so y'all use irrelevant anecdotes such as Asians and personal stories as to why this information is wrong . you don't refute any of the statistics. I'm just waiting for one of you somehow to blame the state of African Americans on rap music . No one is blaming you. This is just bringing awareness that y'all clearly lack. Stating factual information isn't playing victim! How can you play victim when your people were victimized? It wasn't you specifically but the people of the past which have negatively impacted our future. The past in most instances shapes the future. African Americans beef is that we feel that there are many white Americans of the present who deny this no matter how much proof there a is due to ego and some sort of guilt. Please I beg y'all to put your emotions aside and use logic so we can all strive towards a better future socially and economically. Educate yourself before you speak on a topic you know nothing about.
Thank you! Very well said! The problem with all of humanity is ‘Cognitive dissonance’ and it plays out in-front of us every day! I ask this,who is alive and today to be held responsible, for the crimes against humanity that were committed yesterday?! I know myself and many many other black people do not blame the 21 year old white boy born and raised in Atherton, CA and graduating Stanford business school who is most likely going to create his own tech start up company and be a multi billionaire with his fellow colleagues... he was born into his life of privilege, and it is not his fault for what his ancestors did... but it is now the responsibility of every single middle and higher affluent class people white or any other race for that matter, to extend the hand, and help their fellow Americans, especially if they are black and other minorities... because the government isn’t going to do it, the government is only here to protect the wealth of the elite, Donald trump is a perfect example to prove my case... it is our responsibility to take care of each other! Because if You don’t have it, than I don’t have it, and if I don’t have it, than nobody has it! The wealthy are only wealthy because there is a working lower class that allows them that wealth, we literally create and sustain the wealthy because we are compliant with their rules... but the reality is one day, the lower class is no longer going to be compliant, and I’m not just talking about black people... and when they no longer are compliant, and they are in a position where they don’t have access to resources, but only the wealthy do, then best believe they are going to take it from them... so that means the lie of the system is exposed, and that lie acts only in self interest for the preservation of self, but you can’t preserve your self, unless you act in the interest of everyone around you!
@@johnathansaucier6339 my apologies for assuming they were Italian . I tried to change my comment to European. My point is America has a long history of keeping african Americas oppressed by keeping them uneducated and unable to have access to wealth.
Not tryna be rude or somethin but my question is why do black people and asians go against each other? Why not just help each other out. White people get away with ANYTHING because other races be throwing so much criticism towards each other while we could just work together. Be kind to everyone and make this world a better place. (btw I'm blasian so I have experienced getting hated on by asians and blacks).
Malc Jonez 💖💯
@@Samantha-gg1vi I think the hate comes from racist (key word racist cuz I know some moron gon say I'm generalizing whites) whites pitting Asians and blacks against each other . we just don't see it. in conversations about inequality racist whites use wealthy asians as some sort of irrelevant token to try and shut black people down in conversation. Instead of getting mad at the racists we get mad at asians which is wrong.
Thank you, Netflix, for putting this on UA-cam. Watched this last year on the platform. It has help mold my future plans with educating tomorrow's leaders on building wealth.
I was initially turned down for a loan to buy a condo in 1992. I had excellent credit and a very good job. There was no reason why I would not qualify for the loan I was applying for. When the loan office said I had been turned down for the loan I demanded to know why. He had no answers and said he would reenter my application. It was approved. They had tried to discriminate against me but had to back down because they had no legitimate reason for refusing the loan.
You were very unlucky. Fifteen years latter they were giving loans to people who were not only unemployed but also had no wish to be employed
Thank you for doing the right thing for the betterment of the entire community and the world for standing up to injustice 🙏 I salute you ❤️
And im sure its still not paid off
@@juanwessels8343 What makes you so sure
Still I am from Nepal, a small Country which is located between two big giant country-China and India. But I After Watching this Video, It just melt my Heart And Inspire me to do morw on my life about Racial Wealth. Salute to Netflix and Thanks a Lot for Providing us such a beautiful Video. Thanks a Lot Netflix.
Nepal has a big wealth gap than this tbh. Here middle class and poor are getting poorer whereas rich people who mostly consists of politicians and some businesses man are getting filthy rich. Its really sad and depressing here.
wtf , your comment doesn't seem to light anything was in the documentary. your heart melts because Nepal is in between of China and India. hahaha Jesus...
@rockster10101 what?
98 stupid liked this without reading that this comment explains nothing
'wealth is where past injustices breed present suffering'
Damn true👌
@Internet Critic time, the current economy, racism, classism
4:46 to 5:12 + 5:20 to 6:00 = 1:06
0:23 to 0:33 led to this mindset 2:07
13:55 15:21 If we were equal from the beginning, Black Families would have a similar wealth to their counterparts.
It's all by design. Always has been. Always will be.
The black Congressional Congress literally wrote the mortgage law that took away 53% of African American wealth. That's more wealth than all of colonial Europe took out of Africa for 100's of years in less than 10 years by your own politicians. Try not electing people solely based on their skin color if you ever want to succeed in politics 😉
So very true! I've watched The Money Masters documentary and it's very informative and eye opening how currency came into human history. Humanity has failed by only caring about such things that believe have value.
That is a scary statement, and it's true.
Let’s hope it would’nt always be.......let’s hope for our children’s future
This is so incredibly sad, I’m one of the children struggling to have their own, I was born in Barbados 🇧🇧 with no inheritance and at the bottom of the barrel, I now live in canada 🇨🇦 the most I can do is work hard, save, try to invest and hope to buy a home at some point to have a starting point for my 11yr daughter.
Peace to Netflix and all outlets involved in this Production. So much explained and articulated in 16 mins and 12 secs.
“If they can’t have their equal share in the house, they’ll burn it down” - Malcom X
Very prescient in light of the nationwide protests going on right now
Looters don't care about their own communities, gangs care only about their own members, thugs are just looking for something to destroy.
There are studies proving that white liberals have vastly exaggerated perception of black victimization, in fact black people think of themselves as less oppressed than white liberals think they are.
@@gallanonim3328 This is the most ignorant post that I've seen on the internet in a week. congratulations.
@@HenryHeymusic I'm really sorry for offending your sacred values.
@@HenryHeymusic I don't agree with him, but calling someone ignorant is not an argument... It's a copout.
@@goosenuggets9693 I don't expect G.A. to come to any realizations, to do any intelligent work of discovery or to muster any compassion. I'm not looking for a discussion with GA because I don't think that potential for discussion is there. A statement was made that is absolutely patently false, and based on a narrative that is the biggest part of the problem. Confirmation bias plays there as well.
A lot less views than the other episodes..
Truth hurts.
The comments are ridiculous too. People discounting the whole video just from their experience in life.
It's a damn shame huh
Whites represent 75% of population in USA, that's why! 😂 they don't wanna watch it
The struggle is real, it’s uncomfortable to face
Growing 10million to 11 million dollars is inevitable. Growing $1000 to $1100 is hard work.
Nonsense, same scenario - put it in an index fund and it’s grown on average to that value inside of 2 years. You can put the money in index funds with $1000
@@Garyboldyful Being able to not spend one is much easier.
@@Garyboldyful what a spectacularly shortsighted response! It is obvious that he is assuming that all one has is $1000 and you're suggesting to put it all in an indexed fund ..... How do you expect the him/her to pay the bills and shop for grocery??? One needs disposable income to invest!
@@Garyboldyful you're missing the point
@@Garyboldyful And with that ignorance, the cycle continues.
Man, this has to be one of my favorite Explained episodes. I love documentaries and wish I could work for a company like Vox and work on stories specifically like the racial wealth gap.
dont give p on that dream!! I've got your back :)
How are blacks going to afford home equity with one baby mama's income?
@@oyotundookubegwa520Nigerians like you, Oyo, always think they are better than black people, smh. This is what I hate about our community. Black Americans are the ones that paved the way for everyone in Africa and the diaspora to come and make a life here.
Yes you can make good money explaining the wealth gap
Many have tried, we call them shills.
THIS needs to be taught to every single kid in public schools in America. Learning about each and every battle in the Revolutionary war is NOWHERE near as important as this information. People need to be educated on this in order to dispel untrue, harmful stereotypes against the black community.
Yes it is hugely financially rewarding to dispel untrue, harmful stereotypes against the black community. Many large companies have opened new departments to do this sort of thing. Pity it doesn't extend to Chinese and Japanese companies
they don't want that. it exposes the truth
And yet this is only the tip of the iceberg... This should be taught more in every American History class.
My mom taught me this at the age 5... being 23 I’m so happy and proud she taught me this at a young age... teach the youth! That way they’re not as angry when they get older.
In South Africa, when a graduates starts working they experience the same issue of having to help out family. We love to. We call it "black tax".
We have been dealt a bad hand in South Africa. It is so difficult to generate wealth in one generation
The fact that the beginning of generational wealth is only beginning dominantly with our generation is even more frustrating. Sometimes you don't get hired because you have too Much qualifications as a black person yet they don't hesitate to hire Fanie who only has a Matric certificate.
It's just ubuntu my guy, in my country Zambia we also have the black tax and I think so many African nations have it too.
How do blacks do in South Africa compared to other parts of Africa?
@@kgabomolele3346 wtf people don't get hired because they have too much qualifications!!! How's that possible
This is a fantastic documentary to explain the value of home/land ownership and how it affects economic prospects and quality of life. It very clearly explains the wealth gap that is experienced in the US as a result of discrimination and racism in terms that can also be considered and transferred to other countries experiences.
My suggestion would be to remove the swearing in the 12 second clip between 4:10 and 4:22 to make it completely safe to show in a school setting. That 12 seconds is not worth making it challenging to show and post links in classroom online platforms considering how important a message this documentary delivers.
As black people we have to stop relying on this government and start helping each other, like other minorities. We have to learn to be one for all and all for one, like it was before there was integration, when we depended on one another for survival.
I agree with cooperative economics but society has changed greatly over the last 50 years. Many have been in survival mode for generations which still means that wealth gap persists. Without resources, how do you expect people to help one another? In addition, poverty amongst black people have dropped significantly. Many have a tendency to over romanticized bygone eras without acknowledging that most of the black people in those eras were still poor.
@Daniel Chang Robert f Smith is a billionaire.
No its not
Every time the government makes a law or program to help the Black community. It make it worse.
Stop Enabling people and teach them financial education.
I had no idea the bills used to look like that wow. That was shocking
I really wanted to get my university education in America, but the more I learn about US history, the more I think it's probably best I just look for a university in Africa. We have problems too, but I'd rather not add more for myself by becoming a first-generation African in the states. The American dream is dead :(
Im afro Caribbean and an immigrant. I've lived in America permanently for the past 15 years and although my home country didn't have the proper infrastructure for me to succeed (I don't know what country in Africa you are in) I can say there is still an American dream. I was able to get a college education and work a good paying job right out of school. Im lucky , I won't say the racism isn't bad here, honestly you get numb to make it through the day sometimes but the black people I've met here have changed my life for the better.Their history , culture and strength is astounding and there's so many other cultures that add on to this country. I wish you luck in your decision.
I guess everyone has their own view of the dream depending on their contexts and experiences. A lot of my friends are still very keen on coming to the States next year, so the dream lives on for them. I want to believe that I would have the opportunity of being one of the lucky ones as well, but in as much as there is a chance for that, there is also a higher chance that I might have the most miserable experience I could have ever imagined.
I am truly happy that you're making it work, In- TRANSIT. And I wish you good fortune in your pursuit of a place that feels like home, BM 20.
I live in Botswana but I've been in the Kingdom of eSwatini doing my last 2 years of high school, and as far as I know, both countries are very accepting of immigrants like most other African countries, in fact, we accept all communities with open arms:)
However, the sad thing is that we are still conditioned to believe that America, Europe, and Asia(specifically China) are the places you NEED to go to for great higher education :(
I just wish we would focus on also getting our education to international standards instead of perpetuating brain-drain and pushing our people to places where they are clearly not wanted.
But Kudos to all the people of color making it out there👍🏽😊
BM 20 u don’t certainly understand the privilege born in US. Just go to developing or underdeveloped countries and see the infrastructure. I came as an immigrant to US and did master’s in electrical engineering and got good job. I’m happy to be in this great country contributing to this economy. Don’t tell anyone to not come to this country and pursue education.
P.S- I’m person of color(poc).
@Adil Alfa that is only on the surface, given the current pandemic, CCP has shown its real face, I'm not sure you would say the same thing if you dig a little deeper.
I am American if I were you I would look into studying in Canada. I wish I could say you would be safe here but with what just happened in Georgia.
this needs to be mandatory to show everyone in the country
Why?
what so white people can feel superior?
The ones oppressed the most eventually rise the highest.
@Win From Within Haaaa I love the smell of constructive criticism hahaha thanks for that
not really how it works
Imagine disliking this video... This is litterally a free episode by Netflix talking about systemic racism.
it doesn't cover why Asians & Indians in the US earn more than whites
tytube3001 they benefit from racism my friend
@@tytube3001 Because they account for 5% of the population. and majority of those are Chinese and Indian wealthy children (communist China alone having over 100+ billionaires). those that can afford coming here, come here. small population, less poverty rate that can even afford to come to USA. Asian immigrants who can afford to come to America tend to be wealthier.
If you look at South East Asian tends to have the lowest high school graduation, even under Black people (who people assume is majority). Majority of Asians can in the 70s and 80s, when the immigration law was passed. They didn't experience any of the raw turmoil in the US as other minorities, so they were able to just thrive. While the others were still held down. Whites are the majority, so you're going to have a bigger poverty curve. Where majority of Asians (Eastern Asian) coming to America already had wealth from their previous country.
yeah of the past, quote me some systemic racism laws now?
@@tytube3001 They come into the country as higher skilled workers.
I came from Afghanistan in 2011 and I am Asian. I worked odd jobs and then got a job in manufacturing starting $12 moving to $20 plus lots of overtime. at 30 i now have a house half paid (180,000), 401 k (100k) and 60 k in savings and live in a white neighborhood. discrimination does exist no doubt but people have to learn to work hard, save money, invest their money and not have kids until they are ready. there are plenty of opportunities in America but have to make sacrifices and think every how you can have a better tomorrow. everyone i know just know how to spend. God bless America
You're tone deaf
@Robace Kai Siang Tey luv U man,
so much for the country that so proud about their freedom
and human rights, but obviously there are good people, the core of the problem is greed.
rockster10101
Not in cohabitation
Trust me, im a white american and its honestly sick how our politicians use us as puppets to push their agenda. And black people in some communities are harrassed so much by police that they have no chance. You ever wonder why our low income is 1/3 of our population, and 1/3 of our population have a criminal record. But no one wants to speak on that either
@rockster10101 it isnt
@rockster10101 nordic countries r best at everything and thier ethinc group is majority of 98%
The best shot I believe is saving significant money and investing in real estate. Two problems immediately appear. You can't save enough and housing prices have exploded through the roof. So i figure, live extremely low below your means. Try to go to school to get as high paying a job if possible. Work with your family if possible and live with your parents if you can. Then save a SIGNIFICANT amount of money. This can only be done by making more and spending less. Then use your savings to buy a property with tenants. Only problem is, housing is gotten very expensive. So you have to travel to nowhere and find houses that are relatively cheap and are preferably still "middle class" in that particular area.
It sounds like a lot but its the best shot.
this is sound advice. and also i say hold off on having kids until you are in your 30s. i’m dominican and i’ve seen too many of my friends and family stay in poverty because they had kids too early.
i rarely hear people talk about this. yes, it’s our human right to have kids but they ain’t cheap but if you have them and aren’t financially secure, you and your children are more likely to struggle.
@@JeffWithAnF Yeah, don't have kids until you can securely afford them. This should be taught in school...
This is a hard pill to swallow. OMG! I gotta watch again 😢
And this is precisely why I have taken extraordinary measures within my family to change the narrative. We are building generational wealth we are leaving a legacy. It is every black families responsibility to get on code or be left behind.
and we need others to get on this, even if they aren't black, so these policies can change, and this systemic racism can be rooted out.
This taught me more history then my entire school career
I honestly got extremely emotional watching this. I hope to be one of the people that helps to bridge the gap in black community
I hope you‘ll achieve all your goals! Good luck 🍀
You can do it ❤
This was so beautifully edited. Vox really has some next level video editors on their payroll.
It makes me sick to my stomach, to hear other humans disregard something so brutal, so cruel, so real. As a Black Man born and raised 40+ in Mississippi, I've experienced the hate, bigotry, and the clear divide amongst race and wealth. It's hard for me cause I put my all into everything I do, yet I struggle more and more....I see others just wake up and coast and still have all I've only dreamed of. I recognize how indifferently the law treats us ..... officers and the system. It's ALL jacked up, and to actually see and hear people act like it never happened and continues to happen is disturbing.... mentally and physically... it wears you down, and most of your on people don't understand, so they hurt you more than help without even knowing.
I am so sorry you experienced this your entire life, it does wear you down and people are quick to be dismissive of how such treatment will take its toll overtime. Even if you are equal on paper, doesn't mean you are actually equal in society. I had a few friends with mental/physical disabilities and it really opened my eyes alot to that fact, which I only see and understand more and more the older I get.
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!
@NATH klko
What's even sadder is the fact we've only had actual freedom since 1968 that's less than 55 years 😔😔
Thank you for putting up this great episode on UA-cam so that we can share it with our friends & families; it's a great resource
Very good. In fact, please do an updated version. I'm showing this in my university business classes.
How the hell does the cricket episode have 270k views but this has 49k views in the same 2 weeks period?! Wow
Ignorance is a choice. People rather pretend this isn't an issue unfortunately.
People only see what they want to see।
cricket is religion in India, where 1.3 billion people live with one of the world's cheapest internet plans. henceforth, more views are inevitable
@@KevonKadiwala96 yeah and then there's the rest of us from non-India trying to understand the craze :)
India
Thanks for making this series accessible to everyone Netflix.
So powerful & informative, could not keep a dry eye.
I hope in light of recent events, that this will change. It's a shame that it has gone on for this many years. For the record, I'm white, not black so I cant even begin to understand what you've been put through for years, but I empathize with you. I know there isn't really anything I can say that will fix things, but hopefully my actions and attitude can help some way. We are all humans on this planet and this is the only space we have, and there's plenty to go around.
❤🙏🏽
sympathize, not empathize--empathize means you understand what they're going through as you've been through the same thing/ something very similar.
but love the support!
And as human beings we lap up everything that is fashionable. And right now feeling the pain of the Black community is spot on fashionable. Going to a " defund the police" demonstration is a must.
I have always been a bit skeptical of racism in this manner. This documentary was fantastic in how it was explained, I have no more reservations in believing this now. Kudos
In order for people to understand this they have to be willing to listen.
Most are too caught up in their perceptions of things to ever understand others.
This was a good attempt to explain the basics but it falls short on telling the story of how they literally bomb wealth out of black neighborhoods and i'm not even talking about the black wall street's. They also do not mention that the government not only recovered assets from blacks but gave it back to the slave owner. It does not talk about the use of black people as a way to make social plans for white ie food stamps , housing vouchers , and discrimination laws. They did this by using the word minority which applied to white females who also was married and had slaves. this should have been a series just by itself.
people want thier cut to be bigger all the time...
I agree. I do think this was strategic. You will get a lot more viewership among white people if you are less controversial. Now a person who have watched this, does a bit more research and find more injustices like you just mentioned. Then maybe start watching more 'truthful' documentaries. So while this a basic explanation, it still has an important function in change.
Can you tell me where I can read about these things?
@@nataliawoolen1400 there are many books but start with a book name "They were her property" it go into how white women owned slaves and attached themselves to affirmative action. then read "When Affirmative Action Was White' this will give you the in and out of how actually attached themselves
@@demonte87 I appreciate that knowledge. Thanks again.
"The LORD does not let the righteous go hungry, but he thwarts the craving of the wicked.
" - Proverbs 10:3
You're right! Just got an increase in SNAP Benefits!😃😃😃😃
Thank you for putting this on UA-cam! 🙂👍
Why aren't Americans watching this?
The truth hurts and people would rather be ignorant to reality
Because they Really give no F@*KS about us natives TBH😯😯
This isn't new. They released on Netflix way before.
It goes against the narrative they have about the world, they’d have to shift their worldview
I am. I realize how messed up our whole society is but most are just ignorant.
it’s sad how this information is rarely taught in school.
CRT is need.
This should be mandatory viewing for all schools in America.
I will continue to share it as often as I can
stop saying reparations are for slavery, Start saying its for Jim Crow. Our middle class black families are poor because our mothers and fathers couldn't own good homes or go to normal colleges. Saying its about slavery, gives them an excuse of saying it was too long ago
Actually no there are better “reparations” that don’t involve giving money to everyone who feels they should get payed for slavery. People are thinking short term. What we should instead do is change the entire economic system to a system similar to Sweden where it is still capitalism, but taxes are higher to pay for social welfare systems, and responsible regulations now I realize that most of the argument is how long this will take, and what regulations should we make, and how do we tell people that we need this but it is a start. We should also focus on how the system is racist but moreover why the systems treats poor people the worst. We need to change our society to be less subject to immoral capitalists, and more subject to morally good captialists. Paying reparations for slavery is so dumb and retarted. Paying reparations won’t do anything except drive people to beg for money from the goverment and beg for something they don’t deserve. I understand that black people have gone through a lot but they shouldn’t get reparations for something they weren’t subject to. We should rather change our focus to a bigger picture which most would rather ignore because of the political climate surrounded capitialism and the goverment.
@@rishabbomma9361 I agree! But we have to address embedded racism in society first.
A word has yet to be created to describe the feeling of being a black person in America (past or present). To be taught the history of your birth nation with ancestors presumed too indigent to be anything more than free labour and experience its repercussions. Despite a plethora of institutional hurdles, I hope we continue to persevere. I yearn that our people soon aquire the (collective) cultural sentience requisite to improve upon the mistakes of the past and achieve generational prosperity!
The word you were looking for was "ignorant" not " indigent". Indigent means broke, lacking money/resources. Ignorant means uninformed or lacking knowledge. And yes, we all got the meaning of your post. I'm black too and I feel you, literally.
As a recent grad with a History degree, I approve this video. 100% correct.
Where did you graduate from? Just curious congratulations on graduating btw!
I really love the "explained" intro song, its so awesome. 2:00
I don't know a black person that doesn't realize that discrimination and racism exists but I don't think many realize HOW they're being discriminated against. A house is supposed to increase in value for a lot of reasons but for blacks this isn't the case. New housing communities marketed toward black homeowners are usually in areas where investors and the city don't put a lot of money into developing, so those areas tend to deteriorate. Factor in how the city will actually deprive black areas, don't fix the streets, improve drainage, etc; buying a home WITH a sub-prime mortgage becomes a debtor's prison, that you can only lose money on, if you choose to sell.
The documentary didn't mention how the GI Bill handed out millions of dollars and gave returning war veterans zero interest loans, that one needed no down payment to walk into a brand new home. The only problem was they didn't give that money to blacks, so the wealth gap exist because the entire country worked collectively to deprive us. I say rent, keep you money and invest your money in places where they can't see the color of your skin.
Thank you
it's only 15 minutes. You can't fit centuries in that. A lot was left out.
This is why Black people say if I was White. My family would be better off. It isn't saying we want to be white. It's a reflection on how society has functioned against us.
Most who aren't black don't have the ability to see it through our eyes.
That job, well I wouldn't have passed up if I was white.
That house I wanted to buy. I would have had an easier time. Because the realtor hadn't seen me as black. if you only had my name to go off. How would your decisions be made. When you don't know someone's nationality or ethnicity. All biases and perceptions are removed. So are people thought process the problem. Or is it individuals who have to live through that reality?
I'm a foreigner, I came to US as a visiting scholar
I realised that the biggest problem is real estate, not income. it's systemic problem and already designed that way!
Though It takes long time,
Blacks should continue fighting for there rights!
The sad part is that the Whites are still saying the same thing. “What about our rights.”
Yeah let’s pay people more or less depending on their skin colour... because that’s not racist at all...
Real talk.
In light of recent events and as someone who white passes I really am just confused I don’t know what people want me to do
Kenley Bazile yeah so because humans did something unfair and wrong for a long time let’s continue doing unfair and wrong things now right?
Also absolutely not, people aren’t payed differently based on their skin colour, what does this have to do with immigrants...?
Kenley Bazile not based on their skin colour, yes I’m absolutely sure... it’s illegal and has been for over 50 years
this was incredible
It’s possible we can do it .. it’s crazy how life works we are literally just born into this shhh
Learning American history is hunting me for life. in every corner, you look at it is horrible and unbelievable injustice
And it also made me rethink my educational destination In America
“Government policies keeps perpetuating the circumstances of the wealth gap”... I’m done ✅
The worst of outcomes we’re done with the best of intentions
Reparations won’t ever happen I don’t think regardless who’s living in the house built by slaves... broken promises 🤷🏿♂️💵💯
Why should people who were never slave owners, give people who were never slaves money? Learn about credit and markets and that is your ticket to wealth
Andrew Elick Someone didn’t watch the video
@@MM-zt4oe I watched the entirety of the video. Get a job and build your credit son
@@Errricccc You should consider that in 1865. there were 4,4 millions Afro-Americans, today around 40 millions, giving reparations doesn't make sense. Most of "white people" weren't slave owners...
Way to blame others for your failure whilst taking no responsibility for your own with no attempt to improve your life. Quit blaming others for everything and take responsibility for your life.
Why am I only seeing racism from Asians in this comment section? It’s funny, black people always stand in for all races! But when they just get a little bit of light and voice for once, y’all come at us? This is so sad! We have both suffered racism in this country! But let’s please not forget, black people were brought here by force and held at bay both economically and in education! Our problems are not the same! And you priding yourself as in: “We made it in America too! Why can’t you? Oh is it because you’re lazy and blame everyone else” is so ignorant and disregarding of ever single thing that was stated in this video!
Selina Aylin right!!! Finally someone said it, I get that a lot from people all the time. “Like you’re not trying hard enough, You can do it, I’m American too.” You can’t compare everyone’s life story just because we live in the same country. Obviously, this video tells it like it is and people don’t want to see the truth. There’s definitely some inequality in this country and it’s sickening. Specially, to look down upon you just because you’re not at their level. Like aren’t we here for the same reason to live a good life just like you. What’s up with the discrimination??
You have to work twice as hard as they do to get half of what they got. That is the message to black people in America.
100%
Except when it comes to black only scholarships, black only charities, black only fraternities, black only clubs - and so on.
@@afgone Those efforts came from being discriminated in America, not by special privilege. You should look into the history before judging the present and future.
The hardest part to achieve wealth equality is just the same for centuries. it is ownership of asset = property = LAND.
Why this isn't on mainstream media is beyond me...
Crazy how only black people are in the comments
Santiago Bron Stop gaslighting.
I'm white and I'm watching, too. I'm not American, though.
This video was so clear and informative. It really made me understand what 'institutional racism' means in practical terms. I'm flabbergasted.
cm. CG can’t imagine why your comment got deleted.
@cm. CG are u an Asian troll? The “west” and what u wrote sounds awkward... not targeting Asians or anything, just tend to notice that Asian internet trolls do this often... I’m Asian myself...
@cm. CG lmfao dude. I’m questioning u. I’m not interested in whether u admit or not, however if u are one just stop doing this kind of stuff. I disagree with the contents of the video too, but I’m sick of racial divides. It’s so go damn annoying at this point, and ur type of comments don’t help.
This touched my spirit to core!!
Why is it when you say the same thing on Twitter everyone acts like we are all equal and came up in the same struggle?
Cause twitter?
Commenting to raise the profile. So important. We need so much more of this.
Thank you for making this public Netflix
Love for Netflix - for spreading valid content on this one!
This came out a month ago. How ironic
It actually came out several years ago. I think Netflix just put it out for free to everyone.
this truly break my heart
This one hit close to home.
I felt it.
Disparities and inequities do not mean they could only be explained by racism, sexism, homophobia, etc.....
I never considered that. Do you think it goes a step deeper with basic greed and pride? Because one could say if the roles were reversed, blacks would be just as resilient to change.
JB Greed and pride are common symptoms of the culture blacks largely practice. But by no means is it unique to blacks. Southern whites used to practice this very culture and there are still vestiges of that culture today seen in some southern whites. In order to succeed one must delay gratification, and invest in their children’s future. The “change” you’re working for, isn’t necessarily for you or your lifetime. This and raising a child with two parents. It is clear that these are the common qualities of those groups of people who have propelled themselves out of poverty and those groups that have stayed wealthy across generations.
Great doc! This explains, in detail, a lot of what is supported by a lot of other reading. Now is the time for understanding, self-analysis and change.
Yes that's the way to catch up with China
@@marioformosa4259 I’m sorry, what does China have to do with our racial inequality issue?
@@HenryHeymusic well if you prioritize equal outcome over opportunity, then your economy will resemble communism.
@@mike-ws3jl No, this is prioritizing equal opportunity - not equal outcome. If people of color are cut short of opportunities then we have this gap. It's happened again and again. 'The rich get richer' is certainly more than just a saying. If one family's financial baseline is to just be able to cover the bills, and another family can cover the bills and invest a bit, who is going to be ahead in 10 years? Extend this to several generations and this is what we get. But here's another upside that conservatives seem to skip over: Financial opportunity given to people of color will result in a greater GDP and a greater overall national wealth.
@Ronald Reagan so you assert that people who are born poor and uneducated just stay that way because they want to? They should just 'pull themselves up by their bootstraps' and make money huh? For people who don't have a college degree, those >60k jobs are just out there for the taking? Look at how silly this is.
This is bringing tears to my eyes
Truth needs to be told whether "Master race" Likes it or not. (No offence to rational people)
The illustration of a runner at the end Tells it all.
God bless this video and how educational it is, it burns me to know that Blacks as a whole have gone threw so much yet we dont learn any of this important info in school.
Thanks for this video. It’s important to know what you are up against if you are to rise above a system. The issue with many ADOS is that this info is not known (although available if you are determined to research). People will simply tell you that everyone is equal here whilst you sit & question your own reality. 🥴
If you want a more in depth view of the racial disparity when it comes wealth, finance, and home ownership. Then I HIGHLY suggest everyone to read the book. " The Color of Law: A Forgotten History of How Our Government Segregated America
Book by Richard Rothstein " It is a critically acclaimed book and has so many well documented historical references to support it.
Stay well, safe, and never forget your history. As those who do are doomed to repeat it.
-MsBoo
Claude Anderson was saying (his book, black economics, white wealth)the same shit this white man said in that book YEARS ago. What’s the point of my comment, black people ONLY listen/read white faces, do not deny this please..
How about Discriminations and Disparities by Thomas Sowell?
It gets quiet every time when you speak on reparations. Its like some sort of voodoo incantation to people in denial 😅
Fee Scott-Bolden Actually no there are better “reparations” that don’t involve giving money to everyone who feels they should get payed for slavery. People are thinking short term. What we should instead do is change the entire economic system to a system similar to Sweden where it is still capitalism, but taxes are higher to pay for social welfare systems, and responsible regulations now I realize that most of the argument is how long this will take, and what regulations should we make, and how do we tell people that we need this but it is a start. We should also focus on how the system is racist but moreover why the systems treats poor people the worst. We need to change our society to be less subject to immoral capitalists, and more subject to morally good captialists. Paying reparations for slavery is so dumb and retarted. Paying reparations won’t do anything except drive people to beg for money from the goverment and beg for something they don’t deserve. I understand that black people have gone through a lot but they shouldn’t get reparations for something they weren’t subject to. We should rather change our focus to a bigger picture which most would rather ignore because of the political climate surrounded capitialism and the goverment.
probably because they know reparations will never happen
My notes for school research:
Median white household savings (assets-debts)= $171k
Median black house hold savings= $17,600
•African-Americans are far more likely to be unemployed
•Employers still discriminate
•Wealth is captured through property (in terms of a century)
•Home equity accounts for 2/3rds of wealth
•Black family moving in a house would decrease the value of properties around thus calling it a risk (HSA drew maps in red where black families lived)
•This affected what jobs you get, the education and how safe your school was, and whether your home increased in value
•1968, housing discrimination was outlawed, but didnt end
•African Americans were more likely to get subprime loans (loans that start cheap but then gets much more expensive for borrowers with lower credit)
•Balck communities lost 53% of their wealth from that
•If whites and blacks started off with the same edu. It would lower the wealth gap by a bit
•Balck college graduates wealth decreased because their poorer family members were asking for help
Education is key! Share share share
Something I’ve learned recently, the people bought from Africa for slavery in the US happened less than just a few hundred years ago. These people were brought here and then just set free into society with no tools to rise. It’s ridiculous for anyone to be blind to this. If I throw my 16yo out on his own to just “figure it out” and hand him money out of guilt for my bad choices, he’s probably going to fail. The hand outs need to stop and remember that education is key. Jesus loved everyone. No racial gaps. These racial gaps are being pushed with an agenda. Usually politics. Love one another as we would love our brothers and sisters. We are all one. Let’s rise above it all and help educate in the lower income communities. Anyone can rise above it all with some love and understanding. Again, education for everyone. Teach your children the truth. Do not teach the agenda.
✌🏻❤️😊
Right. Education is key and the next step is action. Knowing what you know now, with the power you have now, what impact can you make day to day.
who asked to be handed money? LOL stop misrepresenting.
fela_soprano I never said anyone asked for money ... what I am saying is, black slaves were set free as well as native Americans and were given government handouts trying to make up for the past wrongs. It made both reliant on handouts with no education to learn how to do it themselves. No education on money or how it works.
JB I am doing my best to show the truth to my children. I only hope generations to come will open their eyes to the truth.
@@kman8271 "It made both reliant on handouts with no education to learn how to do it themselves"
That's just conservative talking point lore. Giving someone starting funds to help them survive is not reliance..
Remember the recently slaves have nothing. nothing whatsoever...
I do agree education, skills training, job training are keys tho but in America things are not free or easily accessible as in Europe... Another way the US gov is shooting itself in the foot by not making education accessible
Similar to the discrimination based on Caste in India. However, India managed it by giving reservations to the socially oppressed. It helped and is helping a lot.
Thank you for this comment. Just like in America, the privileged Indian upper-caste elites are crying that it is discrimination against them.
Never had this topic covered in high school in such detail, great work
a wonderful, educational presentation as always!
I don’t know what to say🙁. Really eye-opening video. How does one be a part of the solution for this?
I went through so many emotions watching this.