Marketplace®

Daily business news and economic stories
Episode 415Apr 21, 2021

We are finally talking about reparations

For the first time since Reconstruction, Congress has advanced a proposal to consider financial reparations for Black American descendants of slavery.

Download
NEW YORK - AUGUST 9:  Lindi Bobb, 6, attends a slavery reparations protest outside New York Life Insurance Company offices August 9, 2002 in New York City. Protesters claim the company benefited from slave labor and wants payments to the descendants of victims of the transatlantic slave trade.
NEW YORK - AUGUST 9: Lindi Bobb, 6, attends a slavery reparations protest outside New York Life Insurance Company offices August 9, 2002 in New York City. Protesters claim the company benefited from slave labor and wants payments to the descendants of victims of the transatlantic slave trade.
Mario Tama/Getty Images

Subscribe:

Just a note: We recorded this episode Tuesday morning, before Derek Chauvin was found guilty of the murder of George Floyd.

For nearly a decade, the Black Lives Matter movement has called attention to the everyday injustices Black Americans endure, helping to build understanding around issues from systemic racism in the criminal justice system to the racial wealth gap. Now Congress is starting to act. Last week, for the first time since the Reconstruction era’s failed “40 acres and a mule” plan, lawmakers advanced a proposal to consider providing financial reparations to Black American descendants of U.S. slavery. 

Today on “Make Me Smart,” we spoke with William A. Darity Jr. and A. Kirsten Mullen, co-authors of the book “From Here to Equality: Reparations for Black Americans in the Twenty-First Century,” about that proposal and others that seek to make amends for the harm inflicted on generations of Black citizens by discriminatory public policies. Darity and Mullen walked us through the history and laid out the central characteristics they believe a reparations plan should address. For example, “moving the Black share of wealth in America into consistency with the Black share of the population,” which would cost about $11 trillion, Darity estimated. 

Join us for this fascinating — and long-overdue — conversation. We’ll wrap up the episode with a marathon news fix covering everything from Black executives to Dogecoin, Mars, cannabis and money in politics. Phew! 
Here’s everything we talked about today:

When you’re done listening, tell your Echo device to “make me smart” for our daily explainers. This week Kai and Molly explain Earth Day, Nashville hot chicken and the lipstick index. Also, don’t forget to subscribe to our newsletter! You can find the latest issue here.

And finally: We need your voice memos! Tell us what you think of the show or ask a question for Kai Ryssdal and Molly Wood to answer! Here’s how to do it.

The Team

We are finally talking about reparations