Racial and Gender Justice
The 2010 Census clearly documents a profound population shift in the U.S., which could be a game-changer for the progressive community. However, given the regressive rhetoric and policies of conservatives toward voters of color (VOC) and progressive whites, states like Arizona and Georgia are rapidly turning into key battlegrounds. The populations of both states have increased significantly since 2000 and each has gained a new congressional seat and an extra Electoral College vote.
In Arizona, VOCs now make up 24 percent of the voting population. In 2008, an impressive 74 percent of registered voters went to the polls. In Phoenix, long a Republican stronghold, the population grew by 9.4 percent to nearly 1.5 million with significant numbers of them being people of color. The city recently elected a Latino city councilman and a Democrat for mayor.
The face of the Southern electorate is changing and nowhere is the shift clearer than in Florida and North Carolina. In these two critical battleground states, the share of white voters has shrunk since the 2008 presidential election, while the number of African American, Latino and other people of color voters has steadily grown. However, new voting restrictions could undermine the political potential of this shift towards an increasingly diverse electorate.
The foreclosure crisis has disproportionately impacted communities of color because people of color were sold adjustable rate mortgages at a higher rate than whites, even where income levels and financial risk were on par. The upshot of this predatory lending practice has been a massive dislocation of workers and families (most of whom considered their homes their only economic asset) side by side with an unprecedented transfer of wealth to financial institutions and the private sphere.
Advocates abroad call this type of activity by a name more familiar to the third world—a land grab. Multinational corporations have acquired 15 to 20 million hectares of land in wholesale purchases in the global south to establish large-scale industrial farms for food and biofuels.
Closer to home, in the Detroit area, speculator John Hantz is trying to purchase 200 acres to create a large corporate farm. Indeed, land grabs have been afoot for some time within postindustrial landscapes from where capital has fled in search of cheaper labor. What makes the current land grabs especially troubling is the opportunistic use of the tsunami of foreclosures by banks to seize properties. Their willful enablers in this transfer of assets have been the states and their housing policies, ostensibly created to reduce the number of vacant bank-owned properties by converting them into rental units.
Foreclosures: Excellent Investment for Some
A handful of fast-growing real estate management corporations are now stepping into the foreclosure crisis. Backed by billions of dollars in private equity, property management companies are viewing the crisis as a rare opportunity to amass tens of thousands of single-family homes and convert them into rentals—i.e. long-term high-yield investments. Beyond the stresses on families in neighborhoods experiencing the land grab, this nascent industry—promoted by federal policies—will in all likelihood facilitate the transfer of tens of billions in wealth from distressed homeowners—largely Black and Latino—to a few wealthy private equity firms.
The right to vote is under attack all across our country. Conservative legislators are introducing and passing legislation that: (a) creates new barriers for those registering to vote, (b) shortens the early voting period, (c) imposes new requirements for registered voters, and (d) rigs the Electoral College in select states.