Tuesday, March 6, 2018

Reason: Markets penalize bigotry

[VIDEO] The video you're about to see would've been great for Black History Month. All the same, I pride myself on sharing information that gets you to think. Over the years this wasn't the only video from Reason magazine that I have shared with you. Here's an early one that shares a vastly different from the one above about urban renewal.

In this case a real estate businessman Philip A. Payton knew how to play the game and essentially built a Black community in Harlem. The lesson here at least for early 20th century New York, segregation can become ultimately a very expensive luxury. I recognize times have changed so perhaps the late Philip A. Payton's approach may not work the same way today.