Anonymous #1 5w

Except not really lmao. Compared to other western industrial nations, we rank pretty poorly when it comes to social mobility. The American dream is only real if you are asleep.

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Anonymous cia.gov 5w

I’ve started my own business, I can assure you it’s possible with enough effort and loans

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Anonymous #1 5w

You can’t use your own personal life as an example to counter statistics and broader societal observations. This is just the anecdotal fallacy in fully play 💀

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Anonymous cia.gov 5w

Everybody is able to pull out business loans and pursue something they have a passion for, this is real and true information (unless you’re a felon, extremely low credit scores or bankrupt, those are other issues in our country but there are always work arounds)

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Anonymous #1 5w

Not even close to being true. Historically there’s been structural barriers that prevent people from getting loans and that legacy continues in the modern day, there are implicit biases that prevent people from having the equal opportunity to pull out loans.

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Anonymous cia.gov 5w

Have you even tried to get a business loan, if not, you don’t know if it’s true or not, look up what you need to get a business loan, because in any first world country the “structural barriers” are just the bank determining if you will pay them back or not through documentation, it’s 2025, you can do anything

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Anonymous #1 5w

Again, that’s not true, and I would advise you to look into any papers or research that look at racial bias in mortgage lending for example.

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Anonymous #1 5w

Also, even if we ignored racially biased lending practices for a second, and we were to simply look at it from a pure standard of whether or not you have enough money/credit to get a loan, you would still see bias because there are certain socioeconomic classes that are poorer and less prosperous because of historical oppression.

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Anonymous cia.gov 5w

It literally is, I went through the damn process, I am not denying the fact we live in a society that is racist and patriarchal in nature but legally anybody can get a business loan and usually if you have a pretty good business idea the banker don’t really gaf who you are

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Anonymous #1 5w

Again, I don’t give a damn that you went through the process yourself. Your personal experience does not counter statistics. There is a mountain of evidence and data to suggest that there are racial biases in lending practices and that this is stuff that bankers do implicitly care about.

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Anonymous #2 5w

There’s more white people in the country so obviously there’s gonna be more white millionaires

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Anonymous #2 5w

There’s proportionally more white millionaires and billionaires compared to their population, and they held significantly more capital and power historically compared to rich black, Asian, or Hispanic people to begin with. Regardless, the existence of rich minorities is not a counter to the fact that the country was worse for minority groups.

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Anonymous #2 5w

Not to mention in many cases, both local and federal governments did quite a bit to reduce the economic power and standing of those minority groups. A really good example of this was the Tulsa massacre.

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