> racism is bad business

The history of the US is littered with riots that not only targeted individuals and families, but businesses and other sources of minority wealth.

Turns out that you don't need to be better at business if you can prescribe the competition with impunity.

As the saying goes, the market can stay irrational longer than you can stay solvent. There are any number of ways a firm can do things that, in isolation, are bad for business, and still do very well overall if they’re protected by other factors (such as, case in point, the money printing machine that is Google ads). I think what the GP is saying is that sitting back and leaving things to the market to work out is essentially resigning the issue not to be resolved in our lifetimes.

> racism is bad business. the market deals with it in the following ways:

There's theory, and then there's practice.

If practice is directly contradicting your theory, that doesn't mean you should double down on your theory and hopefully it comes true. It means your theory is bullshit, and you should burn it and start over.

What's really funny to me about all of this is how little "merit" actually plays out in the real world for most people.

It doesn't seem to be as impactful as who you know, where you were born, who your parents are, where you live, where you go to school, what university you went to, etc. Sure, hard work is important, absolutely, but it's not the only marker.