Black Wall Street showed benefit of free markets
Remembrances of the Tulsa Race Massacre have focused largely — and understandably — on the tragic and unnecessary loss of life and property. But Oklahomans should not ignore other lessons provided by the rise and resurrection of “Black Wall Street,” Tulsa’s Greenwood district.
Too many observers gloss over the fact that a center of wealth and commerce was a black community in a state where Jim Crow laws were still enforced —at times, brutally so. How could this be so? Because the power of free markets is often greater than even the power of true systemic oppression.