"Life in this
country is inherently different for white people and black people"
The words of John
Stewart of the Daily Show as he skillfully ripped apart biased portions of
Fox's coverage of the Michael Brown homicide ring true as a reminder that the
mar of racism is still visible on the fabric of modern North American culture.
The events on August
9, 2014 in Ferguson Missouri will forever change how Americans of all races
view the police and each other. In terms
of one's view of the police, Michael Brown's death has served as a wakeup call
that it is not ok for public servants to use deadly force on unarmed
assailants. While we believe the right
of civilians to self-defense must be held sacred, the police, who are paid by
the public to serve the public, must be held to a higher standard. The job they are asked to do is an extremely
difficult one, but they are well trained and have any number of alternatives to
deadly force available to them. For all
members of society, deadly force must be used as an absolute last resort, not
as the deterrent of choice as it would appear to have been for the policeman on
the night Mr. Brown lost his life.
On Racism
Beyond the ever-present tension between the police and the
public, the incident on August 9th has given pause for Americans to reflect on
an issue that has been for the most part swept under the rug, racism.
While much has been said on the subject, we wish to interject an
idea that we hope will impact you, not matter what color your skin may be, as
much as it has impacted us: The concept of Equity
Equity
What is Equity and why is it important for understanding and
removing the mar of racism from the Land of the Free? When it comes to
dealing with racism, the definition of Equity is two-fold. Most white
people in America understand and, in their better moments, are comfortable with
the first:
1) Fairness of justice in the way people are treated
In many respects, the elevation and nearly universal recognition
of this facet of the concept of Equity is the great achievement attributed to
Martin Luther King, Jr. and the movement that he came to embody. It was
enshrined into law in the Civil Rights Act of 1964, and impacts nearly every
aspect of public life in America. For most white people, passing and
observing this law was enough to rectify the problem of racism.
However, this facet of the concept of Equity is merely a first
step, as it is the second definition of Equity that must be addressed by
America, for indeed if we do not, there is not another nation on earth that
will pay more than lip service to it. It is this second definition that
most White people do not understand, and when they do, tend to become extremely
uncomfortable (image the Fox anchors in Stewart's clip dealing with this one):
2) Justice according to natural law or right, specifically,
freedom from bias or favoritism
You see, once racism has been acknowledged, it demands a just
response. It is not enough to simply ensure that a spirit of fairness
with regards to race is carried out from this point in time forward. To
leave the issue there is to wash one's hands of all of the past injustices that
have been carried out in the name of racism.
If the mar of racism is to be cleansed from the American fabric
once and for all, a concerted effort must be made, at least where public policy
is concerned, to make amends, to the extent possible, for past injustices that
have occurred. To many, it will appear to be favoritism, and indeed it
is, but as a form of favoritism has been exercised for a great deal of
time already, it is only logical that it would take years of reverse favoritism
to even begin to rectify the past injustices.
Followed to its logical end, this facet of the concept of equity
means that people of color should be disproportionately represented in the
halls of power at all levels, they should be awarded government contracts in
disproportionate fashion, and should be accorded the right to provide any other
favors they may see expedient at the public's expense in the same way that
white people have done for as long as forms of government in the United States
have existed.
Sound absurd? It may be, but it is just. Under this
second facet, it would not be out of the question for certain white people to
be enslaved for two generations or more just to even the score with the
descendants of those whom their ancestors systematically denied the blessings
of life, liberty, and happiness.
While it is difficult to imagine these "eye for an
eye" types of reparations taking place in 2014, this has been the harsh
reality for people of color for most of our nation's history. Given the
history, what, then, is the appropriate method of administering Justice with
regards to racism?
The full concept of Equity, and the truth that it brings to
light, is what most White people do not understand.
Conclusion
Here at The Mint, we understand that the government can do no
good, as its very nature is to raise the most corrupt elements of society to
the top and to steal and misappropriate resources, for by definition, it can do
nothing more.
However, within the broken apparatus of public administration
lies the means to achieve the full concept of Equity with regards to racism,
and as long as it is in place, it has a duty to tip the scales of justice the
way of those who have been disenfranchised because of the color of their skin.
While most persons in America would nod and agree with the first
facet of the concept of equity, the second and more troubling facet is what
most white people fail to understand. Like most things that actually cost
something, many find it difficult to embrace once they do fully understand it.
We only happened upon it by chance, and it has forever changed
the way we see the renewed discussion of race in this country. For it is
the only way that America will be able to say, once and for all, that its
fabric is truly free of the mar of racism. America is the only place that can
hope to achieve Equity in a civilized and productive manner, and come out all
the stronger for having fully embraced it.
Will we?
Stay Fresh!
Key Indicators for September
2, 2014
Copper
Price per Lb: $3.17
Oil Price per Barrel: $95.82
Oil Price per Barrel: $95.82
Corn Price per Bushel: $3.59
10 Yr US Treasury Bond: 2.34%
Bitcoin price in US: $479.44
FED Target Rate: 0.09%
Gold Price Per Ounce: $1,286
10 Yr US Treasury Bond: 2.34%
Bitcoin price in US: $479.44
FED Target Rate: 0.09%
Gold Price Per Ounce: $1,286
MINT
Perceived Target Rate*: 0.25%
Unemployment Rate: 6.2%
Inflation Rate (CPI): 0.1%
Dow Jones Industrial Average: 17,098
M1 Monetary Base: $2,732,600,000,000
Unemployment Rate: 6.2%
Inflation Rate (CPI): 0.1%
Dow Jones Industrial Average: 17,098
M1 Monetary Base: $2,732,600,000,000