This chapter explores the connection between violence against African Americans and its negative effects on innovation and entrepreneurship in the United States. By examining historical events like lynching and race riots, the speaker reveals how such acts contribute to a decline in creative output and economic growth.
How much has racism held back the U.S. economy? What would the country look like today if Black entrepreneurs and inventors had been welcomed and encouraged over the past century and a half? Economist Lisa Cook of Michigan State University talks with EconTalk host Russ Roberts about her research into the impact of racism, lynching, and segregation on Black inventors and entrepreneurs.