Black Underclass Bearing Brunt of the Foreclosure Crisis
November 25th, 2009
It is the Black Underclass that is bearing the brunt and the full fallout from the foreclosure crisis. More banks are collapsing and unemployment is steadily increasing while foreclosures are continuing to plague the country. The greatest price for this is being paid by the huge Black underclass that has usually been not taken into account, remains ignored. It is suffering the maximum from social and economic pain. Their plight beggars description.
The irony is that it is the Black elite and the intelligentsia that without any ethics betrayed their kith and kin. The condition of the Black Underclass in USA is in many ways the same as the terrible experiences endured by the untouchables within the Indian caste system. In fact the Black Underclass can be termed the Dalits (untouchables) of the developed world of America in the 21st century. In the present scenario people of all shades and tints are enduring increasing social and economic hardships. But it is the Black Underclass that is worst affected by this apartheid.
The proud corporate sector and the military group of USA are represented by their puppet, Barack Obama. It is a kind of insurance against the uprising of the masses that is gaining strength day by day as the exploiting continues. The laws of physics apply here and cannot be escaped – it is not possible for two things to exist in the same place and same time. It means one cannot have peace and contentment among the masses while simultaneously they are without jobs and homes as they starve. The scenario is untenable. It is becoming a nation of contradictions with millions of all shades suffering while the fat and sleek rule. But out of these millions it is the Black Underclass that is at the bottom of the ladder.
Even during the best of times the Black Underclass has been disproportionately suffering en masse. Without the very minimum needs required to support life, for them decay has set in. For the Blacks and for the Black Underclass in particular, it is well nigh impossible to get proper education, employment, homes, health facilities and above all justice in law courts.
A small section of the Blacks have without shame, formed an unholy alliance with the elite amongst the Whites. They have spawned a new degrading kind of racism and apartheid based on economy. They have ushered in a new era of greed and avarice while capitalism is in its death throes across the globe.
- Watchdog Observes that Bailout has Done Little to Contain Foreclosures
- The Pros and Cons of Foreclosures in Miami Beach
- The Foreclosure Climate has Removed Social Stigma From Food Stamps
- The Consequences of not Paying Mortgages Can be Grim
- White Plains Foreclosure Case Ruling is Sending out Stern Warnings to Lenders
- Foreclosures are Victimizing Apartment Dwellers
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