How racism built our money and banking system webinar
Channel: Positive Money
Date: 2020-09-09

The first event in our autumn series of webinars

Speakers:
Kehinde Andrews, Professor of Black Studies at Birmingham City University. His research focuses on resistance to racism and grassroots organisations. His book Black to Black: Retelling Black Radicalism for the 21st Century was published in 2018, he also wrote Resisting Racism: Race, Inequality and the Black Supplementary School Movement in 2013, is editor of the Blackness in Britain book series with Zed Books, has written opinion pieces for the Guardian, Independent, Washington Post and CNN, is founder of the Harambee Organisation of Black Unity; and co-chair of the BlackStudies Association.

Dr Juvaria Jafri, Lecturer in International Political Economy at City University of London. She studies financial development in the Global South, including inclusive finance, payment systems, and impact investing strategies. Her doctoral research studied how shadow banking practices and networks shaped inclusive finance in Pakistan. She holds degrees from the University of Toronto, Canada, and SZABIST, Pakistan and has several years work experience in the financial sector.

Dr Carolina Alves, Joan Robinson Research Fellow in Heterodox Economics at Girton College, University of Cambridge. A co-founder of Diversifying and Decolonising Economics, she’s also an editor of the Developing Economics blog and sits on the Rebuilding Macroeconomics Advisory Board and the Progressive Economy Forum Council.

Event description:
George Floyd died over a $20 bill. A symbol of generalised racism, but also the institutional barriers people of colour face in our economy.

While the Bank of England and other financial institutions recently apologised for their ties with the slave trade, we must look deeper into the role of our money and banking system and its history to truly understand what actions are needed to address racial inequalities and the glaring racial wealth gap, that persists in the UK today.

Those financially excluded are not a random selection of citizens, but are disproportionately Black, Asian and Minority Ethnic communities. As American historian Ibram Kendi argues, “the origins of racism cannot be separated from the origins of capitalism.”

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