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.
Thursday, March 8, 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.
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