RACE / RACISM
The Limits of Corporate Altruism After George Floyd; The Money Behind Anti-Critical Race Theory
The race and racism news you need to know.
Things are not as they appear in this week’s roundup of race and racism news. We’ve got companies whose multibillion-dollar pledges to rectify racial inequality obscure self-serving investments, former sundown towns’ use of their small Black and Brown populations for political leverage, and the right-wing organization promoting a flurry of “anti-critical-race-theory” laws and discourse.
Corporations’ post-protest giving falls short
Remember all those large corporations who promised to give money to racial justice causes in the wake of the protests following George Floyd and Breonna Taylor’s deaths? Well, the Washington Post has done some digging about whether they’ve followed through on those commitments and found that those companies are not exactly putting their money where their mouth is. The Post examined the giving of the country’s 50 largest public companies, which had pledged a total of $49.5 billion since last May to address racial inequality. But the vast majority of that money — 90 percent — went into loans or investments that these companies could profit from, with more than…
