Capitalism Hasn't Failed Us: Star Parker, the Housing Crisis, and Moral Hazard
Dados Bibliográficos
AUTOR(ES) | |
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AFILIAÇÃO(ÕES) | Rutgers University Press |
ANO | 2016 |
TIPO | Artigo |
PERIÓDICO | Critical Sociology |
ISSN | 0896-9205 |
E-ISSN | 1569-1632 |
DOI | 10.1177/0896920515577495 |
ADICIONADO EM | 2025-08-18 |
MD5 |
f17f5559eb8308578ebc8415d78cf743
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Resumo
According to legal scholar Sumi Cho, an important role conservatives of color play in the larger conservative movement is functioning in the role of racial mascots. Racial mascotting is when conservative individuals of color are embraced by their white peers with the purpose of helping to deflect charges of racism from critics. Conservative social activist Star Parker contends that the practice of welfare capitalism, as illustrated by the Community Reinvestment Act's mandate to banks to provide services to underserved minority and low income communities, was one factor that contributed to the subsequent housing crisis. Parker also asserts that mortgage relief programs, similar to other domestic social programs like welfare, produce a form of moral hazard among its recipients because both programs appear to reward an individual's poor behavior instead of making them accountable for their actions. I argue that in addition to Parker's analysis of the housing crisis being empirically flawed, her idealized construction of an American society functioning under the rule of laissez-faire capitalism where racism's impact on the opportunity chances of African Americans is minimal ultimately allows for the maintenance of an American social structure where 'whiteness' and racial inequality reign supreme.