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As the wealthiest 1% of the entire American population owns 99% of the United States’ total cumulative wealth, likewise, the wealthiest 1% of all African-Americans currently owns 56% of the combined African-American cultural wealth as of 2011. This phenomenon occurred within the exact same two decades of capitalistic victory celebrations after the end of the Cold War, in 1991. During the same 20 years, 1991-2011, exactly one generation, while the U.S. experienced the decadence of toxic leveraged debt leading to the greatest housing market crash in the history of humanity, a global economic crisis, and the Great Recession, African-Americans, simultaneously, experienced the rise of the celebrity class which established the obvious realities of assimilation, acculturation, and the polarization of internal ethnic and cultural capitalism, i.e., the rich and the poor class. According to projections, complete assimilation will occur, mirroring the present American economic polarization of wealth, when the richest 1% of all African-Americans will own 98% of their entire net-worth by 2026. Slavery is no longer blatantly existent but abstract through various forms of enslavement. Segregation is no longer spatial or racial but internal. The oppressor is no longer racism, its classism. The greatest division in America is between the “haves” and “have-not’s”!
Paperback: 282 pages
Publisher: Justine 1964 Publishing (May 22, 2016)
Language: English
ISBN-10: 069271619X
ISBN-13: 978-0692716199
Product Dimensions: 6 x 0.6 x 9 inches
Shipping Weight: 1.1 pounds (View shipping rates and policies)
Average Customer Review: 5.0 out of 5 stars See all reviews (4 customer reviews)
Best Sellers Rank: #163,602 in Books (See Top 100 in Books) #19 in Books > Business & Money > Economics > Comparative #54 in Books > Business & Money > Economics > Income Inequality #134 in Books > History > Americas > United States > African Americans > History
Lewis Eldridge's scholarly work, Capitalism: The New Segregation," examines and reflects on the relationship between economic inequality, African American history, racism and segregation from a spiritual, historical, and theological perspective.At a time, when deep divisions in our society are universally acknowledged, Lewis Eldridge's book provides readers with a serious and fresh intellectual approach and discussion of the underlying issues reflected in the public discourse on 'black lives matter", blue lives matter, and all lives matter.'T. Stanford Erickson, Esq.Associate Law Professor
I am the owner of Lewis Eldridge's 1st publication, "Land and Seed", which as a theologian and biblical exegete, I personally found particularly powerful and helpful in my understanding of the Word of God. However, THIS book is a MASTERPIECE! "Capitalism: The New Segregation", is a comprehensive literary work which weaves the historical narrative of the African-American experience and the psychological and sociological influences of Capitalism into a clearly understood logical conclusion. In a very scholarly, systematic and methodical way, Lewis Eldridge hammers home his argument in the most simplistic language, that the new "Cast System" is not constituted or created by color or creed, but ultimately CASH!
Excellent review of black history and current black evolution. This book can be taught in schools particularly to our young black Americans. The book is on time current social economic disparities and can aid social activist organizations with proper planning and execution for the future. I also enjoyed the quick chapters, very easy to read.
Great book by a great person. Lewis Eldridge is a very intellectual person and has much to offer to the world through his writing. A must get !
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