June 8, 2022
Two years ago, California Governor Gavin Newsom signed legislation creating the nation’s first task force on reparations for African Americans. The task force has now compiled a report documenting harms to African Americans perpetuated by the state.
To address these harms, the report recommends steps such as expanded voter registration and improving Black neighborhoods. It calls for the creation of a special office to help African Americans document their eligibility for financial restitution.
In addition, the report recommends compensating people who were forced out of their homes for construction projects. Examples include residents of San Francisco’s historically Black Fillmore neighborhood, where thousands of residents were displaced by a redevelopment project in the 1960s and 1970s.
Positively trending social mood fuels historic apologies and other efforts to atone for harms of the past. 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.
