There are wealthy Black, Hispanic, Asian, etc. families that have been multimillionaires for a few generations (maybe even billionaires), but my question is: how did these Black and other families of color maintain their wealth through racist times?
There are wealthy Black, Hispanic, Asian, etc. families that have been multimillionaires for a few generations (maybe even billionaires), but my question is: how did these Black and other families of color maintain their wealth through racist times?
You know that there are countries where the majority of people are Black (ie all of Africa…), or majority of people are Asian (ie all of Asia…), or majority of people are Hispanic (ie LatAm… not to mention that “Hispanic” is not a racial category in LatAm—there are white settlers, indigenous people, Black people, etc in LatAm too), right? You know that non-white countries also colonise and plunder, and may have colonial wealth from that (eg Japan)? You know that inequality and class exist in these countries and some families will be wealthy for the same reason that families are wealthy in majority-white countries? And you know that white supremacy is not the only racist system in the world—in a place where Hindu nationalism is the order of the day, for example, being a brown Hindu is not going to cause you disadvantages in society.
“Old money” vs. “New money” is a particularly American concept, though.
Nah
Yuh
I don’t think I’m familiar with the term. If it just means inherited wealth, though, I’m afraid that’s a thing everywhere there’s private property.