“Sharecropping is the dirty little secret at the root of America’s wealth—along with slavery itself. The immense profits generated by the industrious yet impoverished Black “sharecroppers” and “tenant farmers” financed Europe’s and America’s Industrial Revolution, including the building of their railroads, factories, mills, and their entire infrastructure. It is truthfully asserted that the major cities of America and the Western world were “built with bricks of cotton.” Today the debt traps designed to ensnare the working poor and middle class in a lifelong cycle of debt—the high-cost installment loans that charge usurious interest rates of 100% or more, the “payday” loans that charge 400% interest, the extortionate credit card multi-charges, the subprime mortgages with ballooning interest rates, and the home equity loan swindles—are the bastard children of the sharecropping American South. It”
―
How White Folks Got So Rich: The Untold Story of American White Supremacy
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How White Folks Got So Rich: The Untold Story of American White Supremacy
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Reclamation Project108 ratings, average rating, 15 reviews
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