Legacy of American Slavery, and Deleveraging

The second sentence of the Declaration of Independence provides the backbone for the social fabric that is the enduring American dream.

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”[1]

I would argue that the Legacy of American Slavery provides its working conscience, (a twist would be that in “the age of reason”, technically Americans enslaved Americans).

The enablers of slavery leveraged all manner of physical, religious, legal, monetary, and scientific means to justify, differentiate, promote, and build a slave machine that prospered on the blood, terror, and human fear of Africans, and African Americans.

The institution of slavery has cast a long shadow, and the dream of Americans is to be a part of the larger dream,

Martin Luther King Jr. (E1)

“I say to you today, my friends, so even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream.
I have a dream that one day this nation will rise up and live out the true meaning of its creed: “We hold these truths to be self-evident: that all men are created equal.”[2]

To voice such a hope in the Mecca of capitalism is akin to finding a planet called earth in the vastness of the universe. …. but that’s the whole point.  It is that seed of hope, on an unambiguous path that sustains us better than bread, and carries us through the machinations and gerrymandering of profit-mongers.

In the 2007-2008 recession, brought about by the leveraging of “easy credit” throughout the financial markets (the housing industry in particular), one can more easily understand what a deleveraging process looks like. The legal, monetary, and restrictive results have been felt worldwide. This is the easy fix.

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