April 20, 2021
In a historic vote, the House Judiciary Committee sent a reparations bill to the full legislative chamber. The bill would establish a commission to study slavery and discrimination in the U.S. from 1619 to the present. The commission’s tasks would include the establishment of remedies, including compensation to descendants of slaves. Representative Jerrold Nadler said goals of the bill include launching a “national conversation about how to confront the brutal mistreatment of African Americans during chattel slavery” and “Jim Crow segregation.”
Meanwhile, white actor Hank Azaria has apologized to “every single Indian person” for his portrayal of Apu, an Indian American shopkeeper, in The Simpsons. Azaria, who voiced the role from 1989, said part of him feels he needs to go to every single Indian person in America and personally apologize. The creator of The Simpsons said the show is striving for inclusivity. Last year he announced that non-white characters would no longer be voiced by white actors.
Socionomists have long noted a correlation between apologies and positively trending social mood. In the August 1995 issue of The Elliott Wave Theorist, Peter Kendall identified remorse as a bull-market trait born of the larger positive-mood trend toward inclusivity.
To learn more read “Still Sorry, for Now: Historic Apologies Are Driven by Social Mood.”
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.
The Socionomist enables you to see trend-shaping waves of social mood, as reflected by the stock market — and capitalize on them. The June issue looks at phases of social mood and features a “Research Roundup,” which highlights five academic studies that shine a light on important aspects of socionomic theory. Mood Riffs topics include “quiet luxury,” loneliness, the Writers Guild strike and efforts by countries to trade in currencies other than the U.S. dollar. Read the June issue when you become a Socionomics Premier Member.
