1\ BofA was started by Italian immigrants, who figured out that by *discriminating* between Northern and Southern Italians (whom US lenders couldn't tell apart), they could lend to the good Northern credits
2\ Thus, the one-time biggest bank in the world succeeded because they figured out how to make finer and finer distinctions between individuals, which had a "disparate impact" on Southern Italians
But the alternative was no loans for any Italian immigrants. It was a win!
3\ Thanks to the Civil Rights Acts, "disparate impacts" are now illegal. E.g. a company asking about criminal history will incur the ire of the EEOC, because of the disparate impact on blacks
So a rational company just pulls out of black areas, leaving deserving blacks worse off
4\ An economy is a self-tuning system for encoding information. We're all richer when it uses more information. When we ignore reality and pass laws to prevent all information being used, it's like turning the resolution down on a monitor. It especially hurts the deserving poor.
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Government is always happy to take up the banner of a new religion. It has been on every single side of the Gender & Sports issue, except the principled side of "not our business":
1\ It's odd: the collective kabuki dance in which we all pretend to be fragile and afraid of giving or taking offense
Meanwhile, we thrill to the Hollywood trope of "comfortable American place": the black barbershop, the construction site, the police precinct locker room