The history of the Osage people reminds us that access to wealth does not bring racial justice to communities of color.
The granddaughter of Mollie Burkhart, Margie Burkhart, visits the Gray Horse cemetery, where her ancestors are buried, in Gray Horse, Oklahoma, on September 29, 2023.Even though the Osage people were the wealthiest community in the world at the time, they still experienced horrific racist violence that killed 150 people between the 1910s and 1930s. A century later, wealth-building in communities of color is often hailed as the magic bullet that will end racism.
The Osage had to appeal to the federal government for intervention, as local and state officials either looked away or were in on the scheme. After lobbying for years, the. Still, justice was slow and never fully realized: Many of the murders remain unsolved. The Osage people later sued the U.S. for the mismanagement of their funds,. From historical advocates like Booker T. Washington to contemporary financial professionals, the belief that money can resolve racial inequity persists.
. This is because diversity in neighborhoods makes properties less desirable for many white buyers, who make up the majority of the U.S. homeowning market. This makes investing in propertywho were the wealthiest people in the world at the time,The reality is that wealth doesn’t protect people of color from the dehumanizing effects of racism.
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