End the duopoly

Why eliminating racial inequities is key for the post-COVID-19 economy

“There’s built-in inequality in the systems that we use to distribute resources to build wealth,” Andre M. Perry says. Racial economic disparities are front and center in the United States right now, as protesters take to the streets to call for equal justice for black people, and the coronavirus continues to kill disproportionate numbers of people who are black and brown.

The “Marketplace Morning Report” has been talking to experts on how we should “reimagine” the economy after COVID-19. Narrowing racial economic disparities will be imperative going forward, says Andre M. Perry, a fellow in the Metropolitan Policy Program at Brookings Institution and author of “Know Your Price: Valuing Black Lives and Property in America’s Black Cities.”

Perry spoke with “Marketplace Morning Report” host David Brancaccio. The following is an edited transcript of their conversation.

David Brancaccio : Even before anyone knew this term COVID-19, and despite what the White House had emphasized was the best job market for black people on record, there were enormous disparities.

Andre M. Perry : Oh, man. The best job market in U.S. history for blacks meant that blacks — the unemployment rates were twice that of the white rate. Homeownership has plummeted to levels […]

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