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


  • Community Control of Police in Chicago
    Black Agenda Radio with Margaret Kimberley
    Community Control of Police in Chicago
    09 Dec 2022
    Frank Chapman is Executive Director of the National Alliance Against Racist and Political Repression. That organization has led the fight for community control of the police, with the creation of the…
  • Charges Dismissed Against Tracy McCarter
    Black Agenda Radio with Margaret Kimberley
    Charges Dismissed Against Tracy McCarter
    09 Dec 2022
    In the September 23, 2022 segment of Black Agenda Radio we discussed the case of Tracy McCarter. The New York City nurse was charged with murder as she attempted to defend herself from her violent…
  • Hakeem Jeffries and the Railroad Workers
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Hakeem Jeffries and the Railroad Workers
    07 Dec 2022
    A new Black "first" came along at the same moment that the Democratic Party showed itself to be a servant of the ruling classes. Hakeem Jeffries is a very willing tool of powerful people. There is no…
  • ESSAY: Labor, Neoliberalism, and the 2004 Coup in Haiti, Jeb Sprague, 2008
    Editors, The Black Agenda Review
    ESSAY: Labor, Neoliberalism, and the 2004 Coup in Haiti, Jeb Sprague, 2008
    07 Dec 2022
    What role did labor play in the 2004 coup in Haiti? A 2008 essay illuminates the convergence of labor politics, neoliberal policy, and imperial malfeasance.
  • Unbelievable
    Raymond Nat Turner, BAR poet-in-residence
    Unbelievable
    07 Dec 2022
    Unbelievable
  • Load More
Subscribe
connect with us
about us
contact us