US governments deployed credit policy to uphold racial hierarchies after the New Deal

Evidence

Quinn’s (2019) masterful historical account of post–New Deal US credit markets demonstrates that governments systematically used credit as a policy tool with which to uphold racial hierarchies, most notably by defining inequality issues (from higher education to healthcare) as financial problems. — Aris Komporozos-Athanasiou, Speculative Communities, 424

Categorization

• XREF: Connects financialization directly to the inequality mechanisms the reader must account for when arguing people bet rather than vote against their interests.