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Race and Economics

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  • Race and Economics

    Interesting article about stores in American ghettos that made me think about the long, hard road ahead for Palestinians and pretty much any area that has active radical Islamic elements engaging in schenanigans.

    My niece, living in the same Harlem neighborhood where I grew up in the 1940s, often complained of rude service and bad quality goods, as well as their high prices -- complaints that were not at all what I experienced growing up in that same neighborhood.

    There were far more stores back in the 1940s and it would have been financial suicide for any given store to treat its customers the way ghetto stores can get away with treating them today.

    What happened in between? Ghetto riots happened, beginning in the 1960s. Many stores that were looted or burned out in those riots never re-opened. Nor were many other people ready to come in from outside to replace them. Nor were local residents.

    People who have neither the efficiency nor the courtesy to compete with other stores in middle-class neighborhoods can survive running ghetto stores because of the lack of competition.

    Many black "leaders" and "spokesmen" who romanticized ghetto riots as "uprisings" against oppression are now displaying their ignorance of both history and economics. Those ghetto residents who had nothing to do with those riots are still paying the price.

  • #2
    Re: Race and Economics

    I prefer 'Race and Ergonomics.'
    A policy of freedom for the individual is the only truly progressive policy. -F.A. Hayek

    "$250,000 a year won't get me to Central Park West."




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