The devastation has been wrought by finance capital, which has once again upended life for Black people. Money was taken out of the cities in the 1950s and 1960s, creating what was known as “white flight” to the suburbs. Now the same forces have reversed themselves and are putting money back into the cities, and Black people are the losers. Neighborhoods that were once afterthoughts and the butt of jokes are suddenly declared “hot” if real estate speculators target them for change.

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