How Capitalism Fails to Bridge the Wealth Divide between Black and White Races through Land Ownership: A Diachronic Analysis

Nelson Jackson

Abstract


Social interaction is an important stimulus in the creation and maintenance of wealth in westernized capitalist societies. Social interaction is limited to the circumlocution of the underclass, wherein there is little chance that the full appreciation of wealth can be achieved. At the starting line of personal economic growth, Black Americans are handicapped and do not enjoy the socialization of comingling with persons who have benefited from wealth and, as a result, cannot compete equitably. If socialism is the demarcation of the starting line, a more equitable measurement of effort can be evaluated. The hypothesis tested in this essay is that Whites have had a historical advantage in the accumulation of wealth, whereas Blacks have a historical impediment of diminished socialization to learn the nuances of wealth creation. American society in general places a high premium on one’s personal financial position. Black Americans cannot claim a history of financial security that the masses of its people can use as a catalyst. Through the extrapolation of historical financial data on both races collected by using the document analysis technique from books and articles and through empirical observation, an attempt is made to test the suggested hypothesis. These sources were supplemented by expert interviews. The findings suggest that the tested hypothesis is tenable.

Keywords


Capitalism; Socialism; Communism; Wealth Creation; Blacks; Whites

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