Banks like JP Morgan Chase and Wells Fargo accepted Slaves as CollateralRachel Swarns of the New York Times joins us to discuss what she discovered when she followed the money trail of one of the nation’s top financial institutions all the back to the 19th century... RACHEL: In 1847, Godfrey died in the Midlothian Coal Mines. We still don’t know exactly how he died, but in New York Life’s accounting of the deaths that happened, they simply described, “burned to death.”
New York Life was good for its policy. And Nicholas Mills put in a claim and within months of Nicholas Mills’ claims— three months, actually— they paid up: $337. The folks at New York Life collected a lot of information, but not information that his family, today, might wanna know, or people looking at the institution of slavery might wanna know. They did not record his last name. They did not record where he was, or if he was, buried. Simply “burned to death” and “$337 payment.”
CHENJERAI: This payment to a Southern slave owner wasn’t coming from Charleston, or Richmond, it was coming from New York... And slaves were often used by people who went to a bank, wanted to get a loan, and had to, as we often do today, show some property for collateral, and would say, “okay, I got these 20 guys here. This is my collateral.”
That was a very pernicious system because, if you think it through, what happens when that guy defaults? Well, we know what happens if you default on your car loan today. The bank will come take it. The same thing happened back then.
JACK: Wait a minute. There were slave repo men?
RACHEL: There were slave repo men.
It’s very simple. You default on your loan, you have given up some collateral, the banks then become the owners of that property. And so the banks became owners of human beings, of these enslaved people. They took them, repossessed them, and tried to sell them, because it’s just like in foreclosures, you know, they don’t wanna hold on to these distressed properties. You know, they’re not in the real estate business. Banks are not really in the slave owning business.
RACHEL: We are talking about, you know, there, there are contemporary banks that have this history, you know.
CHENJERAI: Could you, could you name them?
RACHEL: So some of the banks that were involved in this business, banks who accepted slaves as collateral were J.P. Morgan Chase and Wells Fargo... CHENJERAI: So this how the descendants are responding? How are the insurance companies responding to this?
RACHEL: You know, no one really wants a call from a reporter saying, talking about…. their ties to slavery. It’s, it’s just not … A lot of people are looking-
RACHEL: … for coverage from the New York Times. This is not an issue where anyone is happy about a connection.
This information about slave insurance and these records came out in the 2000s, when states and municipalities required companies to disclose their ties to this period of time. So, you know, there was some trying to say, “well this is old news, there’s no reason to delve into this.” In some ways, it’s no surprise that-.. There was a lawsuit that was filed particularly against New York Life and other companies that was dismissed in 2004, after a judge ruled that the black plaintiffs had been unable to establish a direct link to the companies that they had sued, and that the statute of limitations had run out.
With the advance of genealogy and the digitization of records, it’s now possible, difficult, but possible, to trace these people, and their descendants to the present day... JACK: And in terms of just Americans coming to grips with this history, how should we- how do we tell that story?
RACHEL: You know, I think, with a lot of these issues, you know, there is the moral question, right? And what do we do with that, as, as Americans? It is simply true that African Americans were not paid for labor, right? For a long time. (laughing)... Ta-Nehisi Coates obviously did that really provocative piece about reparations and arguing for reparations. And he actually was at a conference and he was talking about that debate in American society and saying… You know people were saying, “Well, what would it look like?” and he said, “You know, we can’t really talk about what reparations looks like if there is no consensus that there was a debt.”And I think that’s where America is right now is trying to figure out is there a debt? And part of the work that I do, and the work that a lot of people are doing in this area and looking at these kinds of connections between slavery and today, is just illuminating those kinds of connections.
(By Ben Shapiro)
Young Americans are moving to the left. On virtually every issue, they support the Democratic party.
.. among likely American voters aged 18-29, fully 65 percent supported Democratic control of Congress. Polls consistently show greater warmth for socialism among millennials than their elders, greater sympathy for regulation, and less interest in protecting core constitutional liberties ranging from freedom of speech to freedom of religion
.. “If you’re not a liberal when you’re 20, you have no heart; if you’re not a conservative by the time you’re 40, you have no brain.” We tell ourselves that as Americans age, get married, have children, and pay taxes, they’ll inevitably move to the right.
.. Older conservatives, clutching the Trump presidency like a security blanket, sound less like steady advocates for calm and more like the man questioned about how things are going just after jumping off the top of the Empire State Building: “So far, so good.”
.. among Generation Xers (born between 1965 and 1980), 29 percent considered themselves liberal in 1994; today, that number has shot up to 43 percent.
..Typically, conservatives combat this sort of broad-based political change by pointing out the extremism of the left. During the Carter era, things certainly looked dark for the GOP, but conservatives were able to point out Carter’s incompetence; after Bill Clinton’s 1992 election victory, Republicans ran against Hillarycare and higher taxes; after Barack Obama’s landslide 2008 election, conservatives made war on Democrats’ overspending and regulatory overreach.
.. Thought leaders like Ta-Nehisi Coates have sought to replace the blue-collar base of Bill Clinton with the intersectional coalition of Barack Obama, using identity politics as a club against Americans who refuse to admit their “white privilege.”
.. Instead of looking at young Americans vs. older Americans, let’s look at young conservatives vs. older conservatives. The data show that young conservatives tend toward libertarianism on issues like drugs and sex but share the same priorities as older conservatives on fiscal and economic issues.
.. It makes sense, then, that liberal social values have resonated with younger Americans. They believe that the case for religious freedom is actually a case for religious bigotry and think that opposition to same-sex marriage reflects a hackneyed version of Old Testament sexual repression. Millennials were raised on the gospel of diversity and tolerance, not the Judeo-Christian moral standards of their grandparents.
.. But the leftward shift on social issues has infused even young religious conservatives. Forty-five percent of millennial evangelicals said they supported same-sex marriage as of 2014; the numbers are undoubtedly higher now
.. Young conservatives in general are far more likely to support gay rights and marijuana decriminalization as well as openness to immigration. But they’re not embracing gay rights and marijuana decriminalization for the same reasons as liberals. Young liberals embrace the LGBTQ agenda because they believe that the strictures of traditional sexual lifestyles are damaging and intolerant; some even embrace marijuana decriminalization because they think that broadening one’s experiences by smoking pot is a necessary precondition to maturity. Young conservatives are far more likely to support same-sex marriage and marijuana decriminalization because they believe that the government should leave everyone alone.
.. Young liberals call for tolerance because they want to promulgate a lifestyle, in other words; young conservatives call for tolerance because they actually believe in tolerance, even of lifestyle choices with which they disagree.
.. Tolerance is a moral touchstone, then, for young Americans on both the left and the right, but for different reasons.
.. All of which suggests young conservatives have a shot at winning over their friends and classmates: They’re operating in the same moral universe as many of their peers.
.. They’re small government, leave-everyone-alone libertarians. Young conservatives may not care about same-sex marriage, but they’re deeply pro-life and pro-gun.
.. They militantly oppose the myth of a racist, sexist America, even as they condemn individual cases of racism and sexism.
.. An incredible 82 percent of Republican and Republican-leaning voters between the ages of 18 and 24 say they “want another Republican to challenge President Trump for the party’s nomination in 2020.”
.. Why don’t young conservatives like Trump? It’s a question that baffles older conservatives. To older conservatives, Trump has been a savior.
.. Yes, he’s rough around the edges and impolitic; he’s crude about women and ignorant about policy. But he’s politically incorrect, and he speaks the language of the average American. What’s not to like?
.. Young conservatives, however, are more likely to see Trump as an obstacle to progress.
.. they see him mainly as a club the left can wield against the right in perpetuity—a political monster living under the bed that Democrats can dredge up every time conservatives seem to be making headway. They cite his egregious response to the Charlottesville alt-right march and subsequent terror attack and his willingness to wink and nod at the alt-right during the campaign; they point to his nasty comments regarding women, as well as his penchant for bedding porn stars; they cringe at his reported comments about immigrants and balk at his nearly endless list of prevarications.
.. Older conservatives judge Trump on his politics; younger conservatives judge Trump on his values.
.. older conservatives already fought the character battle over Bill Clinton, and they carry the scars from that ordeal. They remember arguing that Bill Clinton was unfit for office based on his treatment of women and his perjury, and they remember losing that argument. They remember arguing that character counts, even as Democrats held aloft the banner of “Lion of the Senate” Teddy Kennedy, who left a woman to drown in his car and made waitress sandwiches with fellow Democratic senator Chris Dodd.
.. Older conservatives remember Mitt Romney, the cleanest candidate for high office in modern American history, being destroyed by the media over pure nonsense. Older conservatives weren’t looking for character in 2016. They were looking for a hammer.
.. Younger conservatives, however, still feel that the battle over character is unfolding, which it is—among young Americans. Young Americans are still trying to decipher which party best reflects their moral values. Trump presents a serious problem for young conservatives trying to make the character argument in favor of the Republican party. Young conservatives didn’t see the battle of 2016 as a battle in which character had already lost. They saw it as presenting a question about their own character.
.. Young conservatives want to be able to tell their friends—all future voters, by the way—that they didn’t stand by silently when a candidate of their party said he could grab women by their private parts.
.. Second, older conservatives saw the 2016 election as a cataclysmic event, perhaps, indeed, the end of the republic. Hillary Clinton posed an existential threat to the future of the country.
.. They believed that Hillary, if elected, would usher in a generation-long rule of the hard left.
.. Donald Trump’s victory, in that view, was a miracle of biblical proportions, the hand of God reaching down and plucking a reality TV star out of the realms of cornball theatrics and plopping him into the Oval Office in the biggest upset in political history.
.. Younger conservatives were far more sanguine about 2016. In their view, Hillary would certainly have been a rotten president. But would she bar the door to all future conservative victories? Younger conservatives thought such an outcome unlikely.
After all, Republicans were likely to retain control of the Senate and the House.
Furthermore, Hillary was widely disliked, burdened by scandal, and unpopular even with her own base.
Older conservatives looked at young Americans and saw the end of the country; young conservatives looked at other young Americans and saw the possibility of change.
.. Third, because young conservatives and older conservatives disagreed about the consequences of 2016, they also disagreed about the level of risk to the Republican party.
.. Thanks to the crisis mentality of older Americans, the brand damage done by Trump became of secondary concern;
thanks to the lack of a crisis mentality among younger conservatives, the brand damage done by Trump became a crucial problem.
.. Young conservatives simply couldn’t understand how so many older conservatives were willing to dispose of key planks of the Republican platform to back Trump, or why so many older conservatives who had preached to them about personal values were suddenly gushing over a man who bragged about sleeping with other men’s wives.
.. Young conservatives knew that they were constantly being called racist, sexist, and homophobic by their comrades at school; they had always responded by saying that they and their party were being slandered. And they were right. But here was Trump—a man who, during the election cycle, feigned ignorance about David Duke—providing a custom-made caricature for the use of young liberals.
.. fourth area of controversy between older and younger conservatives regarding Trump: Is Trump an asset in the fight against political correctness?
.. 71 percent of Americans “believe that political correctness has silenced important discussions our society needs to have.”
.. Older conservatives resonate to the verbal brickbats thrown by President Trump. They see him as a bull in a china shop, but he is our bull in their china shop. That’s the reason Trump could so easily escape punishment for political snafus that would have crushed any other conservative. He routinely claimed his own blunderings were the result of his willingness to fight political correctness. “Sure, he says dumb stuff sometimes,” the argument goes, “but he’s also willing to label the New York Times fake news. Nobody else fights like Trump fights!”
.. Young conservatives, by contrast, see Trump’s strategy for fighting political correctness as counterproductive. It’s one thing to attack politically correct viewpoints with data —to “destroy,” in the common YouTube parlance, political opposition through superior intellectual heft. But saying innately offensive things and then justifying those offensive statements under the rubric of political incorrectness actually undermines the battle against political correctness.
.. The left wants to make the case that when conservatives say they’re being politically incorrect, they’re actually covering for their own bigotry; lending that case a helping hand by promoting bigotry under the guise of fighting political correctness does the left’s work for it.
.. conservatives must stop promoting the notion that policy victories translate to political victory. Foolishly hopeful Republican legislators keep repeating the tired nostrum that if they simply pursue solid policy, young Americans will follow—if they pass tax cuts, cut regulation, and build up the military, they’ll stave off the impending generational electoral tsunami.
.. That argument did little to stir older Americans who had been through the political wars; it didn’t upset seasoned politics-watchers who knew that Hillary Clinton was more than a little deplorable herself. But it worked among young Americans, and it will continue to work so long as conservatives’ response is “but Hillary.”
.. So, how should conservatives respond?
They should respond by acting morally and arguing morally.
First, and most pressingly, with regard to President Trump this means condemning bad behavior.
.. Young Americans aren’t judging Trump. They’ve already judged him. They’re judging you and determining whether or not they can ever vote for the same candidates you endorse based on whether or not they admire your character.
.. Second, conservatives must argue in moral terms, and they must use moral terminology young Americans understand. This means learning to argue on secular grounds rather than religious grounds and recognizing that tolerance is a key value to young Americans.
.. Arguing in secular terms doesn’t mean arguing without reference to values. It means arguing against the controlling hand of the left. Capitalism is good because you own your own labor and you have the right to exchange that labor for someone else’s labor and no one has the right to steal your labor from you. Socialism is evil because it says that a third party can tell you what your labor is worth.
.. Political correctness and identity politics are evil because they utilize censorship to box you into a group identity that denies your individuality.
.. Most of all, conservatives can’t lose hope. A crisis mentality breeds poor decisions and short-term thinking that sacrifices long-term interests. We’ve seen discouraging trendlines before. But they can be reversed. In 1976, it would have been difficult to imagine the Reagan Revolution that was just four years away.
Once again a prestige media publication — in this case, The Atlantic — has hired a conservative writer and suffered immediate, furious backlash. Once again, the publication’s leadership is explaining itself to its own staff. The New York Times’ Bret Stephens and Bari Weiss have faced their own internal and external wannabe firing squads. The Washington Post endured a mini-tempest when it hired Megan McArdle... If strongly left-leaning but not specifically ideologically-purposed entities such as the Times, the Post, or The Atlantic do as their critics seem to wish and cleanse their pages of conservative voices their critics deem unacceptable, then the loss to American intellectual life will be immense. Writers who wish to enjoy intellectual freedom will soon find that they’re only truly “free” when working with people of like mind — a condition that contributes immeasurably to cocooning, polarization, and intellectual stagnation... Decide now, progressives, do you want any serious intellectual media space where conservative and progressive ideas clash?.. Give tolerance a chance.
I believed that black people had interior lives that had not been articulated.
Wanted to describe, name the emotions that they had. Wanted people to recognize that he had captured their emotions.
We defended Marion Barry, but privately we were like “come on”. With Barak you didn’t have to defend him, offer excuses. They’re twice as good, better than you.
It’s like when you have cancer and die of pneumonia. Hillary was not a good candidate. (50 min). Obama had an economic argument.
Every cohort voted for Trump, but fewer college educated whites voted than previously.
Ta-Nehasis: Its scary that racism was overlooked.
He has a certain genius for exploiting certain fault lines.
In the 1940s in the South, how many people were really rabidly racist, and how many were just going a long (59 min)
I saw the forerunners at the Palin rallies in 2008.
In this interview, Atlantic writer Ta-Nehisi Coates speaks to PBS NewsHour’s Judy Woodruff about Barack Obama’s childhood, his legacy, and how he ultimately connected with the American people. “This white family loving him deeply, and him being black, that is incredibly unique,” says Coates about Obama’s welcoming family in Hawaii. “I’ve never come across that in my life.” Read more in Coates’s article in the January issue of The Atlantic, “My President Was Black.”