What is the African Manifesto
The word African specifically relates to the indigenous people of the African continent and their descents in the Diaspora ( Caribbean , Americas , Arabia , etc). The race-nationality model such as that currently employed by African-American, African-Brazilian and African-Caribbean communities more accurately describes the identity whilst fully articulating the history and geopolitical reality.
The miscellaneous usage of the label 'Black' within this site reflects its contemporary use as a means to denote a specific
Thursday, December 31, 2015
Have We Hit Peak Inequality?
The Great Recession and its anemic recovery only deepened the economic inequality that’s drawn so much attention in its wake. Nearly all wealth and income gains since then have flowed to the top one-tenth of America’s richest 1 percent.
The very wealthiest 400 Americans command dizzying fortunes. Their combined net worth, as catalogued in the 2015 Forbes 400 list, is $2.34 trillion. You can’t make this list unless you’re worth a cool $1.7 billion.
These 400 rich people — including Bill Gates, Donald Trump, Oprah Winfrey, and heirs to the Wal-Mart fortune — have roughly as much wealth as the bottom 60 percent of the population, or over 190 million people added together, according to a new report I co-authored.
That equals the wealth of the nation’s entire African-American population, plus a third of the Latino population combined.