![]() “We live under the same sky,” McGhee writes. Once the credit dried up, win-win reverted to zero-sum, with the drowned (underwater homeowners) losing out to the saved (well-connected bankers). McGhee discusses how the subprime mortgage crisis was fueled by racism, but it was also inflated by promises of a constantly expanding housing market and rising prices. “To a large degree,” she writes, “the story of the hollowing out of the American working class is a story of the Southern economy, with its deep legacy of exploitative labor and divide-and-conquer tactics, going national.”Īgainst “zero-sum” she proposes “win-win” - without fully addressing how the ideal of win-win has been deployed for cynical ends. But it’s a blight that’s no longer relegated to the region. ![]() ![]() The material legacy of slavery can be felt to this day, McGhee says, in depressed wages and scarce access to health care in the former Confederacy. ‘The Sum of Us’ Tallies the Cost of Racism for Everyone ![]()
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