In this case a real estate businessman Philip A. Payton knew how to play the game and essentially built a Black community in Harlem. The lesson here at least for early 20th century New York, segregation can become ultimately a very expensive luxury. I recognize times have changed so perhaps the late Philip A. Payton's approach may not work the same way today.
Tuesday, March 6, 2018
Reason: Markets penalize bigotry
In this case a real estate businessman Philip A. Payton knew how to play the game and essentially built a Black community in Harlem. The lesson here at least for early 20th century New York, segregation can become ultimately a very expensive luxury. I recognize times have changed so perhaps the late Philip A. Payton's approach may not work the same way today.
Labels:
business,
history,
new york city,
real estate,
segregation,
video
No comments:
Post a Comment