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From The Atlantic:

Above is a picture I took of a chart showing how the scheme could work. The chart was produced by activist lawyers in the late 60s trying to demonstrate the effects of contract buying. There are four columns “Documented Price Paid By Speculator,” “Documented Price Change To Negro Buyer,” “Markup,” “Approximate Additional Interest,” and “Total Additional Charges.” In that chart you can literally see black wealth leaving one neighborhood and migrating to another. It was not just legal. It was the whole point.

Jim Crow — Northern or Southern — is usually rendered to us as an archaic system in which people irrationally decide to separate from each other just based on skin color. There’s a reason that so many of us remember Martin Luther King’s line about little white boys and little black boys holding hands. It’s comforting to us. Less comforting is that fact that Jim Crow amounted to the legal pilfering of resources from the black communities to advantage white people across generations. In Mississippi, it meant the right to reduce someone to sharecropping, or to benefit politically from their census numbers while not giving them any representation, or to tax them for services they did not enjoy equal access to. In Chicago, it meant the legalized theft of black wealth by white agents.

It is very hard to accept this — the wealth gap is not a mistake. It is the logical outcome of policy and democratic will. From the streets of Cicero on up, the point was to imprison black people in the black belt and then exploit them. The goal was pursued through public policy, private action, and open terrorism. The goal was accomplished.

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