Black Agenda Report
Black Agenda Report
News, commentary and analysis from the black left.

  • Home
  • Africa
  • African America
  • Education
  • Environment
  • International
  • Media and Culture
  • Political Economy
  • Radio
  • US Politics
  • War and Empire

Houston: Increasing the Profit Portfolio, Decreasing the Human Portfolio
Ken Morgan
06 Sep 2017
🖨️ Print Article
Houston: Increasing the Profits, De-Emphasizing the Humans
Houston: Increasing the Profits, De-Emphasizing the Humans

“Houston’s real estate and economic development markets, loaded with oil refineries and vast profit schemes, pushed flood control planning down the river

Hurricane Harvey affected 6.8 million Texans, according to big business media. It adversely affected a quarter of the “lone star state’s” populous. The death toll continues to rise.

Black, brown, and white working class urban and rural people bore the brunt of capitalism’s social disaster (events or nonevents that humans trigger) from Hurricane Harvey. It increased already existing disparities and divisions that capitalism births and nurtures. Wealth, income, and racism stand out.

On the flip side of the coin, Forbes Magazine, a ruling class big business tabloid, analyzed Hurricane Harvey’s effects on financial portfolios. The article’s writer, Bob Clarfeld, said that while fluctuations exist, the effects will be short term. He cautioned against “short sighted decisions rooted in angst and fear.”

What about Harvey’s short and long term effects on working class peoples’ lives? What about their angsts and fears?

Take Houston. It was the hardest hit area. Houston is the fourth largest city in the country. Over half its populace is brown and black. White working people make up much of the other half. Around 40 thousand people will make shelters their home for a long time. Displaced people number over 100,000. Over 218,000 people lack power. Officials told over 100,000 people not to use or drink their water. Deaths continue to mount. Houston’s real estate and economic development markets, loaded with oil refineries and vast profit schemes, pushed flood control planning down the river.

“Capitalism is the culprit.”

Many Houston residents could not afford home insurance. Most all of these residents do not have flood insurance. Over 400,000 people applied for FEMA’s meager aide. Paint the picture: no replacement for their homes and belongings.

Big businesses’ foot soldiers, public officials, and politicians at local, state, and federal levels of government collaborated with the rich in many ways. They made lax laws, policies, and regulations -- or no laws at all -- that significantly caused destructive, lethal flooding. At the same time, they minimized regulatory scrutiny regarding refineries, whose products were spewing toxic residue before Harvey. And now these floods spread the poisons across the Houston region.

David Roth of the National Weather Service said that a hurricane hitting Texas should be expected “about every six years.” CNBC the business channel rated Texas number one in business infrastructure appeal, although it cited waterways and transportation as issues that needed lots of improvement. The assessment came before Harvey. Everyone knew what would happen.

Dr. Robert Bullard, a Black environmental justice expert, called it a catastrophe waiting to happen.” He called “unrestrained capitalism” the culprit. Cross out unrestrained.

Not to worry. Your investment portfolio remains safe.

Dr. Morgan is the former head of Urban Studies at Coppin State University and an activist scholar. He can be reached at kmorgan2408@comcast.net.

Do you need and appreciate Black Agenda Report articles? Please click on the DONATE icon, and help us out, if you can.


More Stories


  • Haiti
    Editors, The Black Agenda Review
    STATEMENT: By the Minister for Foreign Affairs of France, Dominique de Villepin, on the situation in Haiti, 25 February 2004
    28 Feb 2024
    Remembering France’s odious participation in the 2004 coup d’etat in Haiti.
  • Army in Haiti
    Jemima Pierre, BAR Editor and Contributor
    Haiti: 20 Years After the Coup
    28 Feb 2024
    Jemima Pierre’s presentation at a forum to commemorate the US-France-Canada-sponsored 2004 coup d’état in Haiti. The forum was hosted by the Center for Caribbean Studies at the University of Toronto…
  • February 17 Eritrean Independence Day Celebration
    Ann Garrison, BAR Contributing Editor
    Investigations of Attacks on the Eritrean Diaspora Are Underway
    28 Feb 2024
    Ann Garrison spoke to Eritrean British attorney Feven Yemane regarding attacks on Eritrean diaspora festivals and gatherings and the investigations underway.
  •  Linda Thomas-Greenfield
    Raymond Nat Turner, BAR poet-in-residence
    United Nations Negroz
    28 Feb 2024
    "United Nations Negroz" is the latest poem from our Poet-in-Residence, Raymond Nat Turner.
  • William Bass and railroad workers
    Joseph Sturgeon
    The Exploitation Zone: The Caribbean as a Site of Imperialist Extraction, Western Paradise, and Labor Exploitation
    28 Feb 2024
    From the moment the first colonizers arrived in the Caribbean, the West has treated the region as a treasure chest for resource extraction and labor exploitation.
  • Load More
Subscribe
connect with us
about us
contact us