Voices From Inside the System

This hedge fund analyst feels disillusioned with capitalism, but leaving her job isn’t an option

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Credit: Bloomberg Creative / Getty Images

Voices From Inside the System is a GEN series where we interview people who have had firsthand experience with industries that have a history of systemic racism and inequity. We asked them to think deeply about the role they played and the work they did. We asked them why they stayed or why they left, how they might be complicit, or if they thought they — or anyone — could fundamentally change the system.

This anonymous, 42-year-old woman works at a hedge fund in Manhattan. A recent Bloomberg study found that hedge funds not run by white men had returns that were more than double their competition over the past three years. Black-owned businesses are twice as likely to be turned down for financing as white businesses. The Paycheck Protection Program aimed to help small businesses affected by the pandemic; Black-owned businesses received 1.9% of loans offered, while white businesses received 83% of the loans. …


VOICES FROM INSIDE THE SYSTEM

DeAngela Burns-Wallace wanted to revolutionize the college admissions process.

Rear view of an African American male college student wearing a cap and gown.
Rear view of an African American male college student wearing a cap and gown.
Photo illustration, source: West Rock/Taxi/Getty Images Plus

Voices From Inside the System is a GEN series where we interview people who have had firsthand experience with industries that have a history of systemic racism and inequity. We asked them to think deeply about the role they played and the work they did. We asked them why they stayed or why they left, how they might be complicit, or if they thought they — or anyone — could fundamentally change the system.

Dr. DeAngela Burns-Wallace is the secretary of administration and the chief information technology officer for the state of Kansas. Prior to her appointment, she spent 15 years in higher education at Stanford University, the University of Missouri, and the University of Kansas, dealing with issues in undergraduate admissions and undergraduate education. A 2018 report from Georgetown University found that only 7% of Black freshmen enrolled at selective public colleges, despite being 15% of the college-aged population. White freshmen made up 64% of the enrollment, despite being only 54% of the college-aged population. …


Voices From Inside the System

A woman who comes from a family with dynastic wealth explains what it really feels like to profit from a profoundly unfair system

Image for post
Image for post
Photo illustration. Source: DebraLee Wiseberg/Getty Images

Voices From Inside the System is a new GEN series where we interview people who have had firsthand experience in industries with especially fraught histories of systemic racism and inequity. We asked our subjects to think deeply about the role they played and the work they did. We asked them why they stayed or why they left, how they might be complicit, or if they thought they — or anyone — could fundamentally change the system.

This anonymous 44-year-old white woman from Ohio, now living in Los Angeles, comes from a family with dynastic wealth. According to a 2018 study of the racial wealth gap in inheritances, 41% of white, college-educated families received inheritances of more than $10,000 compared with 13% of Black families with a similar background. The wealth of the Waltons, the richest family in America, increased more than 9,000% between 1982 and 2018. …

About

Justine van der Leun

Author, journalist. Nosy by nature.

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