False Black Power?
Recent decades have witnessed a proliferation of black elected officials, culminating in the historic presidency of Barack Obama. However, racial gaps in employment, income, homeownership, academic achievement, and other measures not only continue but in some cases have even widened. While other racial and ethnic groups in America have made economic advancement a priority, the focus on political capital for blacks has been a disadvantage, blocking them from the fiscal capital that helped power upward mobility among other groups.
Riley explains why the political strategy of civil rights leaders has left so many blacks behind. The key to black economic advancement today is overcoming cultural handicaps, not attaining more political power.
Yet the narrative taught to students nationwide, riling them up over white privilege, institutional racism and police shootings, has sometimes created such angst that they aggressively disrupt and even shut down campus talks designed to present facts and data to support the notion that ‘Blue Lives Matter’ and that cops are not the main problem facing the black community.”
About the Authors
Credit: Manhattan Institute
Riley is the author of Let Them In: The Case for Open Borders (2008), which argues for a more free-market-oriented U.S. immigration policy; and Please Stop Helping Us: How Liberals Make It Harder for Blacks to Succeed (2014), which discusses the track record of government efforts to help the black underclass. He has also worked for USA Today and the Buffalo News. Riley holds a B.A. in English from SUNY-Buffalo.
As an academic economist, Professor Loury has published mainly in the areas of applied microeconomic theory, game theory, industrial organization, natural resource economics, and the economics of race and inequality. He has been elected Fellow of the American Academy of Arts and Sciences and of the Econometric Society, Member of the American Philosophical Society, Vice President of the American Economics Association, and President of the Eastern Economics Association. In 2005 he won the John von Neumann Award (given annually by the Rajk László College of the Budapest University of Economic Science and Public Administration to “an outstanding economist whose research has exerted a major influence on students of the College over an extended period of time.”) He is the recipient of a Guggenheim Fellowship and a Carnegie Scholarship to support his work. He has given the prestigious Tanner Lectures on Human Values at Stanford (2007), the James A. Moffett ’29 Lectures in Ethics at Princeton (2003), and the DuBois Lectures in African American Studies at Harvard (2000).
As a prominent social critic and public intellectual, writing mainly on the themes of racial inequality and social policy, Professor Loury has published over 200 essays and reviews in journals of public affairs in the U.S. and abroad. He is a member of the Council on Foreign Relations, is a contributing editor at The Boston Review, and was for many years a contributing editor at The New Republic. Professor Loury’s books include One by One, From the Inside Out: Essays and Reviews on Race and Responsibility in America (The Free Press, 1995–winner of the American Book Award and the Christianity Today Book Award); The Anatomy of Racial Inequality (Harvard University Press, 2002); Ethnicity, Social Mobility and Public Policy: Comparing the US and the UK (ed., Cambridge University Press, 2005); and, Race, Incarceration and American Values (M.I.T. Press, 2008).
The father of five and proud grandfather of six, Glenn C. Loury, a native of the Southside of Chicago, currently resides in Brookline, Massachusetts.