The Economic Case for Fostering Racial Diversity

Thomas Hawk / Foter / CC BY-NC

The first question to ask is what is Racial Diversity? Racial diversity is the inclusion of individuals without discriminating based on their racial features such as black skin, blonde hair and so on. The economic case for racial diversity is a simple one. For a society or country to prosper without massive economic imbalances it needs to ensure that all members of that society are economically active to the best of their abilities and capabilities. In short everybody has to be educated to the best of their capability to learn and put to work within the society to the best of their abilities as this then allows the society to fully serve all of its constituencies.

This therefore means that the society cannot afford to discriminate against or impede the development of economically capable and viable members within it. Doing so impedes the society’s development and increases the burden on that component of the society that is not suffering from the direct effects of the discrimination. In other words it is not in the interests of the dominant group in a society e.g. white people, to discourage the upward mobility of other groups within the society e.g. black people or other races because it exacts a massive tax on dominant group as this group has a burden of care for all members of the society. The term tax is used loosely because it covers everything from the economic, financial, social, moral and ethical dimensions of the society.

The dominant group suffers in a couple of way e.g. A) They wind up being the only ones who can afford to pay tax as they are at the level where by taxes can be exacted and B) Their tax burden is drastically increased because they have more “poor” people to support. Where as in a society where all races are contributing to the best of their ability and developing their constituencies within that society it is then possible to reduce the tax burden for all members, as direct government support is less needed since this responsibility has been actively taken up by the members of the society itself.

What this means is that the goods and services within that society will generally be tailored to better meet the needs of all sections of that society, as they are generated and provided by members from each section of the society. This is something which having only one or a few dominate racial groups is not very easy to achieve. An example is how you have a black women’s hair dresser and a white women’s hair dresser. Both provide broadly the same service, however a white women’s hair dresser would be far more challenged in dealing with a black woman’s hair type and style preferences as they are generally going to be used to dealing with white women’s hair types. Therefore providing white women’s hairdressers for all women isn’t going to work as well as having a diverse range of hairdressers that cater more closely to each racial group. I.e. a society whereby minority peoples develop goods and services that are a tighter cultural fit for their members within the context of the society. This leads to more economically productive society because you have a black woman and a white woman both working in the hairdressing industry. This also results in more satisfied women because they can have their hair done in a manner that more closely satisfies their tastes. This fostered racial diversity also reduces dependence on state support as well as leading to greater direct tax revenues as you now have two women to tax instead of one, which means that the state can now halve the tax bill for both should it so choose.

Add constructive engagement between the races whereby each race seeks to collaboratively share it’s better thoughts and better values with others within the same society, a multiplier effect is achieved because the exchange of ideas allows each of the distinct cultures to evolve towards a common shared culture while retaining their individual cultural identities. This translates to a greater variety in entrepreneurial ideas, business practices and innovation that ultimately leads to greater prosperity for the nation as a whole. Using the hairdresser example what this means is hairdressers getting together and sharing style tips at the local hairdressers conference not only improving the quality of hairdressing but also helping to create a distinctive national or societal style.

This cross pollination also works as a protective barrier to the society in that if you have people from Blue Country living in Rainbow Nation, they can export the ideas export and import ideas from Blue Country to the betterment of Rainbow Nation. However if say in Blue Country they discriminate against Purple people, an individual from Blue Country that immigrates to Rainbow Nation is more likely to be kept in check with respect to their discriminatory tendencies by the local Blue’s living in Rainbow Nation assuming that the shared Rainbow Nation culture is aggressive about fighting the type of discrimination found in Blue Country. This then contains and restrains corruption of the society further boosting economic productivity.

In summary nations and societies must foster racial diversity whether they are located in the heart of Africa, the depths of Asia or the mountains of America. The benefits for the nation from a conservative and nationalist perspective far outweigh the costs. In today’s highly competitive world every edge every advantage must be used. Therefore debilitating members of a society simply because they are of the wrong skin colour is the greatest nationalist and economic folly for a country cannot develop without a vibrant, innovating economy.