How Serious Are You About Real Change?

www.ozy.com Sponsored by Sunday, June 28, 2020 Welcome to the second Reset America issue of OZY's Sunday magazine. Are you as brave as Benjamin Lay? The 4-foot-7 Philadelphian walked into a Quaker yearly meeting, thrust his sword into a book filled with red juice and splattered his fellow elites in fake blood. “God [would] shed the blood of those persons who enslave[d] their fellow creatures,” he roared on September 19, 1738. The path to change can be long and uneven. A year after Lay's stunt, real blood was shed when veteran Angolan warriors led the Stono Rebellion, and Juneteenth was still 126 bloody years away. But with rebellion once again pulsing in America’s streets, public opinion shifting and political leaders straining to keep up, today’s OZY magazine examines the road ahead. The destination: real change or bust. Tell us your big idea by hitting reply. Have a wonderful Sunday. Enjoy. Carlos Watson Editor-in-Chief [Read the Full List of Bold Ideas]( But First, a Little Context. Worthwhile Change Is Never Easy, or Guaranteed 1. Movements That Ostensibly Worked Martin Luther King Jr. revolutionized the use of nonviolent resistance to combat racial injustice in the United States, but the Baptist preacher did not always believe in the approach. In fact, early on, King relied on armed guards for protection until an older Quaker activist named Bayard Rustin walked into his home and changed the direction of the civil rights movement. Similarly, while Malcolm X famously opposed nonviolence, he too had a change of heart after [completing the hajj]( to Mecca just a year before he was assassinated. Check out “[The Ballot or the Bullet,](” the speech Malcolm X delivered the day before he departed on his pilgrimage. Then learn about [King’s progression to nonviolence on OZY]([.]( 2. Falling Short They were here first, yet the systematic extermination of Native Americans and expropriation of their lands formed the basis of America’s white wealth. Native Americans, who make up just 1.3 percent of the population today, may have limited political power, but they’ve still committed to bold actions, most notably the occupations of Alcatraz, the Bureau of Indian Affairs in Washington, D.C., and Wounded Knee in South Dakota. Reservations remain mired in poverty, though, and Native Americans are killed by police at even higher rates than Black people, which may explain why [they’ve been a visible part]( of the protests following George Floyd’s death. [3. Global Lessons]( South Africa, fresh from its abhorrent apartheid past, was the first nation to confront its racial trauma head-on. Nelson Mandela established the Truth and Reconciliation Commission in 1995. Guatemala, Nigeria, Rwanda and other countries followed suit. While hardly a cure-all, such a commission is worth considering as the U.S. faces its own racist history. Imagine police officers guilty of brutality participating in an honest review with the space to admit mistakes and push for fixes. It could happen with the right support from leaders such as Sens. Mitt Romney or Tim Scott. A candid truth-telling that goes beyond phone video is critical. [Read more on OZY]( 4. Roadblocks Ahead There are too many obstacles to count, but we’ll list three: 1) Apathy. Passions fade, and the movement could peter out before achieving real change, having run up against intractable white complacency. 2) Politics. Just last week, the U.S. Senate had a chance to pass a modest police reform bill but didn’t. It was blocked by Democrats who didn’t want Republicans to get credit as reformers for baby steps in an election year. Democrats passed their own bill in the House, but this impasse, focused on qualified immunity for officers, will likely last until November. 3) COVID-19. The pandemic is only accelerating in the U.S., which could lead to greater societal fear of becoming sick, or even state-led clampdowns. [want to avoid a waitlist of 14,000?]( For a limited time, OZY and [Cariuma](are teaming up to give you special access to their IBI Stone Black Knit sneakers. These sustainable sneakers are inspired by smooth onyx stones and are made from bamboo, sugarcane and recycled materials. [Get your pair](of Cariumas quickly, before they sell out again. [Shop now and get $15 off with code OZY-15.]( [Buy Now]( Bold Ideas 1. The Path to 100 Black Billionaires Who doubts that our national discourse would be different if Bill Gates and Warren Buffett were Black? Or if a Black CEO was in charge of Facebook’s investments and policy? [Forbes’ most recent list]( identified 614 billionaires in the U.S., only six of whom are Black. Wealth, like it or not, means power. To truly Reset America, we need to set a goal of minting 100 Black billionaires who can push from inside the corridors of power, while a broad movement agitates outside. How? Here’s a thought: Maximize intergenerational wealth transfer for Black families at the high end by eliminating their estate tax, and for families earlier in the journey by increasing the cap on mortgage interest tax deductions so they can accumulate value in their homes to combat the history of redlining. 2. Defund the Police — Carefully The slogan caught many off guard, but the impetus behind defund the police is a serious call to action — and one that should force us to reimagine how we provide for the safety and well-being of our communities. An idea that[grew out of the abolish prisons movement]( of the 1970s and ’80s championed by veteran activist Angela Davis and others is finding its moment —[starting in Minneapolis](. Considering that only[4 percent of police officers’ time]( is spent on violent crime, there must be a smarter way to allocate scarce resources. We can also look beyond our borders for inspiration: [Sweden deploys health teams]( that respond to issues facing the mentally ill, Scotland treats violence as a public health issue and Scandinavia offers a rehabilitation-focused alternative to the prison-industrial complex. America has a lot of headroom to bring greater humanity and dignity to its public services. Of course, none of those European countries may be an easy analog to the U.S., which has 46 percent of the world’s civilian-owned guns, but just 5 percent of the world’s population. But their approaches are worth considering given the clear failures of the status quo. And importantly, such a move can redirect precious public dollars toward other sorely needed services. [3. Correct the Miseducation]( We need more than a woke reading list. Schools must completely change their Eurocentric structure, which includes a restrictive style of learning that turns teachers into “accidental slave masters,” in the words of one academic. Take a cue from private equity titan Robert Smith and publicly commit to making historically Black colleges and universities (HBCUs) free to all attendees with a smart superfund. Or, even more of the moment, use remote digital learning to realize the promise of Brown v. Board and truly desegregate how we educate Black students. [Read more on OZY]( # Sunday Magazine Reset America Issue 02 A lesson on contributing to real change, understanding MLK’s path to nonviolence, and an impressive Black female entrepreneur, investor and actress — all found in the second issue of the Reset America digital magazine. [Read Now]( What You Can Do 1. Make the Difficult Choice to Diversify Your Life Look around. Your church, your kids’ school, your friend group, your barbershop and your gym are probably all full of people who look like you. However, the single biggest unlock to addressing our nation’s racial inequities relies on individuals making the collective commitment to live more-integrated lives. Would you send your kids to a more integrated school? Would you change employers to work alongside Black and Latinx and other minority co-workers? Would you bring your family to a new place of worship if it meant more fully integrating your social world? Building relationships across racial lines is the first step to understanding, empathy and, ultimately, a sense of shared fate that will demand real change. 2. Speak Up Openly advocate for change, whether that’s on social media or over (socially distant) drinks with friends. Don’t be afraid to talk about race. Check out this [clip from earlier this year]( when South African comedian and Daily Show host Trevor Noah said Americans tend to avoid the subject of racism — to their detriment. “Dude, I’m not saying you did slavery,” Noah says. “Calm down.” 3. Step Up [Run]( for local office or [volunteer]( to help a candidate who shares your values. Political change is a long-term play, and you have to be in the game to play. What Businesses Can Do 1. It Starts With the CEO Leadership counts. Look no further than Darren Walker — one of our [86 Angelic Troublemakers]( — who, since taking over as president of the mega-philanthropy Ford Foundation in 2013, has shifted its $12 billion endowment to tackle one key issue: inequality. Others to watch: [Daniel Lubetzky](, CEO of Kind Snacks, which facilitates cultural exchanges, and [Joe Sanberg](, the Blue Apron founder tackling poverty. 2. Make Their Own Reparations While the government has been seen as the main driver here, [corporations are under increasing pressure]( to institute their own form of reparations. The insurer Lloyd’s of London, which profited from slavery, apologized for its past and said it was committing money to Black charities. Georgetown University [stepped up last year](. Next up? Banks whose predecessors profited from slavery. [3. Buy Black, Boycott Offenders]( The 1921 [burning of Black Wall Street]( by white rioters serves as a reminder that Black businesses have long been targeted, as have Black homeowners, with everything from mortal violence to racist redlining policies. So while some may argue it’s wrong to buy from Black businesses specifically because they are Black, we see it as making up for lost time. For companies, the 15 percent pledge by Aurora James — [another of our Angelic Troublemakers]( — is a good place to start. Also, consumers and businesses should be ready to vote with their wallets and boycott companies whose policies promote racial discrimination or exacerbate historical inequalities. Remember, economic boycotts helped end apartheid in South Africa — and just yesterday moved Mississippi legislators toward removing the Confederate emblem from their state’s flag. Companies could do the same in U.S. cities with particularly troublesome track records. [Read more on OZY]( What Policymakers Can Do 1. Reparations, but How? There’s little momentum in Congress even for a bill to study reparations, and specifics have been thin. How about a GI Bill for Black Americans, complete with a presidential Cabinet position to shepherd a Reconstruction-era rethink that can truly Reset America. Researchers have shown that the GI Bill was written in a way that, due to redlining, ended up shutting the doors of prosperity to 1.2 million Black veterans. What if a modern-day GI Bill, set aside for the descendants of slaves and those affected by racism, could be the long sought-after solution for reparations? Zero percent down mortgages for first-time homebuyers, free or greatly reduced tuition at public colleges and other perks could help level the playing field for future generations. And to get the right onboard, call it a tax cut or include widespread vouchers. Also Read: [Six historical]( examples of reparations in Vox; [The Debt: What America Owes to Blacks](, by Randall Robinson; and OZY’s history of “[40 acres and a mule](.” 2. Stop Funding Schools With Local Property Taxes A [recent report found]( that nonwhite schools receive $23 billion less than predominantly white schools, because richer school districts draw on a richer property tax base. States and the federal government have been unable to completely close the gap by routing money to poor districts. This is why taxation and school funding should be done at the state level. It will even out these vast differences, which create segregated communities as more affluent families flock to “good” school districts. We should note that this isn’t a panacea: Michigan has funded schools mostly at the state level since 1994 and its [socioeconomic achievement gap persists.]( 3. Concrete Police Reforms The [#8CantWait initi]([a]([tives]( to reduce killings by police have proved popular but have also [taken their share of heat]( for being too incrementalist. Meanwhile, game-changing efforts to scale back and even eliminate police departments have begun. At the federal level, it’s past time to ban chokeholds and reform qualified immunity for police officers that shields them from lawsuits. Sometimes it just comes down to simple respect: Watch 100 Black men debate this implicit bias on [OZY’s town hall TV show](, Take On America, in 2018[.]( What Key Institutions Can Do 1. Universities: Boldly Integrate Did you know the SAT was developed in large part by Princeton psychology professor [Carl Brigham, a well-known eugenicist](? A growing number of colleges — including all eight Ivy League schools — are waiving the test due to the global shutdown. Given that SAT scores tend to reflect privilege and income rather than college aptitude, they should follow the lead of schools like Bard College and George Washington University and ditch it altogether. And while most schools have an office focused on equity, diversity and inclusion, some are focusing on adding it to their curriculum — with [Hamilton College]( and [UCLA]( serving as valuable examples. [2. Venture Capital: Set Up a $10 Billion Black Entrepreneurs Fund]( In 2018, [only 1 percent of venture capital dollars went to Black startup founders]( in the U.S. Additionally, the number of Black people with the power to make decisions dropped to 1 percent in 2018. Change is now afoot: SoftBank just created a $100 million opportunity fund to invest in Black startup founders and entrepreneurs of color. The [social platform Valence]( is linking Black founders with VCs. And Black-owned venture capital firms like BLCK VC, Backstage Capital, MaC Venture Capital and Harlem Capital are rising. For example, Jewel Burks Solomon, head of startups at Google, co-founded Collab Capital to specifically invest in Black founders, with the target of building a $50 million pot. But we should be thinking even bigger: Let’s set a $10 billion goal for VCs to back Black founders. [Read more on OZY]( [TV]( | [Podcasts]( | [News]( | [FESTIVALS]( Modern Media Company OZY Media, 800 West El Camino Mountain View, California 94040 This email was sent to {EMAIL} [Manage Subscriptions]( | [Privacy Policy]( | [Read Online](