The cost of racism is incalculable. Here’s a start.
Sixteen trillion dollars is a lot of money. It’s hard to even conceive of a number so big in real economic terms — it’s bigger than China’s GDP, for one thing. It’s also the economic cost of racism in this country in just the past 20 years. And it’s a conservative estimate. Today we’ll do the numbers with economist Dana Peterson, who did the numbers for Citi. Peterson helps us dig into that $16 trillion number, how the study came together, what surprised her about it and how her findings could play into the ongoing conversation around reparations.
