Recent decades have witnessed a proliferation of black elected officials, culminating in the historic presidency of Barack Obama. However, racial gaps in employment, income, homeownership, academic achievement, and other measures not only continue but in some cases have even widened. While other racial and ethnic groups in America have made economic advancement a priority, the focus on political capital for blacks has been a disadvantage, blocking them from the fiscal capital that helped power upward mobility among other groups.
Riley explains why the political strategy of civil rights leaders has left so many blacks behind. The key to black economic advancement today is overcoming cultural handicaps, not attaining more political power. The book closes with thoughtful responses from key thought leaders Glenn Loury and John McWhorter.