Institutionalized racism still exists in this nation
Ed Preston (letter, March 25) asserts that "institutional racism no longer exists except in reverse with affirmative action and political correctness." With regard to his latter point, I would suggest that he read "When Affirmative Action was White" or "The Color of Wealth."
If there is not a long and current history of institutional racism, then what are we to make of the fact that white median household income is 1.6 times that of black while white net worth is 5.7 times that of blacks? Wealth accumulation occurs in the context of institutions that favor its growth.
For the vast majority of households, the largest single asset is their home. If there is no institutional racism in the home-loan industry, what accounts for report after report finding that, when matched for income and credit score, blacks were much more likely than whites to be subject to predatory lending? Racial disparities in lending also were revealed a few years ago when black farmers won a lawsuit against USDA for its farm loan practices.
While whites' willingness to vote for a black presidential candidate may mean we are moving into a "post-racial" era, institutional practices that continue to favor whites are still very much with us.
Lawrence B. Morse
Greensboro
The writer teaches economics at N.C. A&T State University.