One last parting note about this poorly conceived hit piece which attempts to lay everything at the feet of black pathology and dysfunction. It’s wrong in every way. I’ll cite some sources which may helphttps://quillette.com/2018/07/19/black-american-culture-and-the-racial-wealth-gap/ …
Because in the latter case—without endorsing the consumer preferences—you’d still treat neighborhood racial composition as an externality, and the question becomes: who should optimally bear the cost of that externality?
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I think that framework is problematic. The racial composition of a neighborhood being an externality can only come about via irrational preferences via race itself.
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We get into very tricky territory when we start deciding which preferences are irrational. Especially in a majoritarian system. Jim Crow, after all, was just society’s way of saying that a preference for desegregated lunch counters was irrational and thus invalid.
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A much safer truce is to say that we don’t understand one another’s preferences, but won’t judge some of them invalid (assuming they don’t impose externalities, natch)
End of conversation
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I have a very strong preference for separating utility-maximizing policies from redistribution away from people whose utility functions are judged socially harmful. Ie I’m a Coasian, not a Pigouvian.
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