The Prof G Pod with Scott Galloway Racism is Costing Us All — with Heather McGhee
Jun 17, 2021
Heather McGhee, author of "The Sum of Us" and chair of Color of Change, dives into the concept of zero-sum thinking and how racist policies have detrimental effects on everyone. She highlights the systemic economic disparities faced by marginalized groups, advocating for reparations and inclusive solutions. The conversation also touches on the challenges of single-parent households in communities of color and emphasizes the importance of collective action. With her insights, McGhee encourages active allyship and engagement in addressing racial inequities.
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Zero-Sum Thinking
- Zero-sum thinking in economics is the belief that progress for one group must come at another's expense.
- In America, this often manifests as the idea that progress for people of color harms white people.
Who Benefits from Zero-Sum Thinking?
- The zero-sum narrative is a tool used by the wealthy to maintain power.
- They encourage racial division to prevent class solidarity and protect their interests.
Financial Crisis and Racism
- McGhee discusses the 2008 financial crisis, highlighting how discriminatory subprime loans targeted Black communities.
- She argues that racism and greed are intertwined, with racial stereotypes blinding policymakers to the looming crisis.
