ABSTRACT
The Grace Commission and the Conference on Neoliberalism illustrate how in the face of political differences elite whites can still come together over issues of what's best for the white economy. The first time there was a real threat to the white economy came courtesy of the 1964 Civil Rights Act and affirmative action regulations. In spite of their political ideological differences over managing the economy, elite white men are generally united in preserving the white economy at any cost. There is a history of elite whites viewing tax revenue as white tax dollars. Elite whites were the only groups to own property and control the commodity networks that were subjected to taxation. White-private banking deregulation amplified inequality between whites, blacks, and Hispanics. White-private deregulations changed the field of banking and finance and were a major part of the causal chain of events that led to the Great Recession.
