Race and Economics: How Much Can Be Blamed on Discrimination?

December 13, 2018

Walter Williams, a professor of economics at George Mason University and the author of many books, discusses discrimination, economics, and race. Subscribe …


  1. When slavery was abolished, 'black codes' were established. These were laws in the south preventing skilled former slaves from taking up available jobs while new European migrants came over and took those jobs. Since then whites have tried every trick in the book to prevent blacks from gaining meaningful employment and therefore status, preferring instead to label them as 'lazy' and wanting everything for free, despite, under the Homestead Act (Abraham Lincoln, May 20, 1862) being given FREE land.

    The only profession open to them in the early days was teaching but not engineering, construction etc – skills on which you could build a family life. Jobs in heavy industry like steel and auto manufacturing have not provided enough as they are not as lucrative as having a trade that you could even pass on to younger ones.

    Not all whites discriminated against blacks, to answer the above question. But historically it went way, way beyond discrimination as it had the backing of the federal authorities.

    The Headright System was another way to attract Europeans to the US, also.

  2. This is at least my 3rd time listening to this as i remember listening to the original at least twice 🙂

  3. I wonder if the left-libertarian pedo crowd who like to bring out "League of the South" and other anti-Woods arguments even heard this episode

  4. Roland Fryer from Harvard has done some great work on this as well (showing that when you control for skills and education most of the income and wealth disparities go away).

  5. 18:50. The Peter Schiff show?

  6. Different racial groups have different average IQs.

  7. Considering that the issuance of money is distributed selectively, which is discriminatory by definition, I'd say that quite a bit can be blamed on discrimination.

  8. We needed Thomas Sowell or Walter Williams on a ballot.

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