EconTalk Glenn Loury on Race, Inequality, and America
Jul 20, 2020
Glenn Loury, an esteemed economist and author at Brown University, delves into the complexities of race and inequality in America. He discusses the nuances of systemic racism, particularly in education and policing, promoting market-based reforms. Loury also tackles the contentious topic of historical statue removals, urging a balanced view of history. He emphasizes the importance of open debate in academia, warning against the dangers of identity politics and censorship, while remaining optimistic about the future of race relations in the country.
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Systemic Racism: A Critique
- The phrase "systemic racism" is rhetorical, not scientific, concealing more than it reveals.
- It summarizes various processes that marginalize descendants of slaves but offers no solutions.
Rotten to the Core
- Saying a system is "rotten to the core" removes individual responsibility.
- This de-moralization excuses the need for discriminating judgments, a dangerous slippery slope.
Capitalism and Integration
- Markets and incentives drive progress, while excessive political control leads to problems.
- The US, despite imperfections, has successfully integrated many immigrant waves.