On this episode, Amber and Erika are joined by Dr. Calvin Schermerhorn, author of “The Plunder of Black America: How the Racial Wealth Gap Was Made”, to discuss the economic status of Black Americans. Despite the propaganda that Black people have less wealth due to poor choices, laziness, and missed opportunities, Dr. Schermerhorn points us to the historical data that clearly demonstrating that Black Americans have been continuously and systematically exploited and de-capitalized through racist laws, racial violence, and outright theft. We also examine Malcolm X’s vision for economically independent and vibrant Black communities and the extent to which integration distracted us from building and maintaining wealth within our own communities. Finally, Dr. Schermerhorn helps us identify reasons to be optimistic in the present fight for liberation and steps we can take to keep the past from repeating itself. Press play to hear what we have to say!

Homework: Purchase and read Dr. Schermerhorn’s book: The Plunder of Black America: How the Racial Wealth Gap Was Made

Guest Name: Dr. Calvin Schermerhorn

Guest Bio:

Dr. Calvin Schermerhorn grew up in Southern Maryland. After graduate degrees at Harvard Divinity School and the University of Virginia, he became an historian of slavery, capitalism, and African American inequality. He teaches courses in nineteenth-century American history and advises Honors, Masters, and Ph.D. students. He was a Fulbright Scholar to the University of Nottingham in 2022. He has contributed to The Atlantic, The Daily Beast, Time and The Washington Post, among other popular venues, and his work has been featured in national discussions of racial inequality. He is author of four books on American slavery and inequality including The Plunder of Black America: How the Racial Wealth Gap Was Made, which was published by Yale University Press in early 2025.

On this episode, Amber and Erika are discussing Black politics and how the fight for liberation of descendants of enslaved people here in the United States is connected to the fight of other African people in the diaspora. We are joined by journalist and teacher, Salifu Mack, and Broke-ish all-star, Dr. Kehinde Andrews, to examine black liberation politics in America and the degree to which those movements see themselves connected to broader Pan-Africanism. Finally, we look at what we can learn about the fight for freedom from Minister Malcolm X’s teachings and political philosophy. Tune in to get the scoop!

Homework: Watch Kehinde’s documentary: Nobody Can Give You Freedom

On this payday, Amber and Erika are joined by Broke-ish all-star, Dr. Kehinde Andrews, to discuss his latest book, “Nobody Can Give You Freedom: The Real Mission of Malcolm X”. Malcolm X, the foundational inspiration of Season 11, articulated a vision of Black radicalism and liberation that informs how we engage the global fight against anti-Blackness and systemic oppression. Dr. Andrews helps us clarify Malcolm’s liberatory strategies and political ethos—compellingly outlining America’s injustice to the broader quest for freedom for all people of African descent. This season’s episodes will not just focus on the broken “ish”, but each payday we will highlight what viable solutions we can glean from Minister Malcolm’s work. Press play to get the scoop!

Season 11 of Broke-ish is here! Amber and Erika are back for a new season, and they’re kicking things off by bringing the Brokers up to speed about what went down during the break. After the shenanigans, the duo laid out their vision for Season 11 and how Season 10 inspired its format. Season 10’s episodes were based upon debunking the ever plentiful myths and misstatements of our most infamous guest: John Hope Bryant. Like Season 10, this new season will be centered around a central figure, but it will be in celebration and pursuit of his ideals instead of debunking them. Malcolm X spent his life opposing White Supremacy and capitalism and left a Black Radical framework for the pursuit of liberation. We’ll explore how Minister Malcolm’s work informs our current pursuit for Black unity and the fight against systemic anti-Blackness. Tune in to get the blueprint!

Well, it’s over now! Amber and Erika have officially said, “Farewell” to Season 10. What was supposed to be a single episode featuring John Hope Bryant turned into a rundown of financial literacy’s “greatest hits”, which we spent the season debunking one at a time. In this final episode, we recap the season and highlight our motivation behind this strategy and what we hope you learned. As always, we can’t wait to come back and talk about all the “ish”! It’s over now, but we’ll be back soon!

On this payday, Amber and Erika explore the impact of generational poverty on Black communities and the systemic barriers to wealth accumulation. Joined by Taylor Darks, a PhD candidate at Florida State University, who studies reparations policies, we lay out the evidence that poverty is more than a mindset. Dr. Darks highlights the Evanston, Illinois reparations program, which provides $25,000 for homeownership or repairs, and the controversy surrounding cash payments. The discussion also touches on the broader implications of reparations, the role of black women in the movement, and the challenges posed by the current political climate. The hosts acknowledge the benefits of financial literacy while demonstrating that it is not enough to overcome the hurdles of generations of systemic racism. Tune in to get the scoop!

Receipts/Homework:

HR 40 Information: What is HR 40?

On the first payday of Black History Month 2025, Amber and Erika find themselves yet again debunking John Hope Bryant’s foolish, false assertion that “racism is a barrier that Black people can get over.” The second Trump presidency has people questioning that contention, but this episode demonstrates that racism has been entrenched in every aspect of American life - politically, economically, socially, and culturally - since its inception. Through discussion of three key eras in history, we demonstrate that racism was literally designed to be insurmountably imbued into every system and institution such that it would restrain Black people in every way. We first discuss Reconstruction, and this country’s deliberate abandonment of efforts to create racial equity. Next, we look at Woodrow Wilson and the racial regress back to de jure segregation in the Progressive era as racism cemented itself as a core tenant of mainstream southern, Democratic politics. And finally, the Reagan era reveals racism’s insidious makeover to become palatable to White evangelical Christians. Resentment over desegregation was tucked into pro-life politics and repackaged as family values and concern for the unborn. This historical conversation proves that racism is present at every turn and nothing - not even financial literacy - can save Black people from its impact. Tune in to get the lesson!

On this payday, Amber and Erika discuss the concept of "model minorities" and how it relates to the expectations placed upon Black descendants of enslaved people to use tools like financial literacy to “pull themselves up by the bootstraps”. They highlight the challenges faced by Black Americans compared to other ethnic minorities and immigrants. Dr. Patrice Sims, a sociologist, joins the discussion to explain her book "The Fallacies of Racism," which addresses the fallacies that perpetuate racial inequality. She emphasizes the importance of understanding the epistemology of ignorance and the need for addressing racism at individual, institutional, and societal levels. The conversation also touches on the impact of social media algorithms and the importance of education and community support. Tune in to join the conversation!