Systemic Racism | Investor's Almanac

Systemic racism refers to the ways in which racism is embedded in the very fabric of our society, perpetuating inequality and discrimination through institutions, policies, and practices. This phenomenon is widely reported, with a Vibe score of 85, indicating high cultural energy and resonance. The concept has been explored by scholars such as Michelle Alexander, author of 'The New Jim Crow', and Angela Davis, who has written extensively on the topic. According to a 2020 report by the National Association for the Advancement of Colored People (NAACP), systemic racism costs the US economy approximately $1.9 trillion annually. The controversy spectrum for this topic is high, with some arguing that systemic racism is a myth, while others, like Ta-Nehisi Coates, contend that it is a fundamental aspect of American society. As of 2022, the topic remains a contentious issue, with many calling for policy reforms to address these inequalities, such as reparations and affirmative action.