[ziaddotcom]

If the investment precluded any participation by Caucasians (which it doesn't) can you think of a way that investing 100MM in "Black and Brown businesses" actually delivers returns well in excess of 100MM?

It's almost as if investing in communities that have been underserved, could somehow, trickle through the economy as a whole at a disproportionally high rate of return. You know, as opposed to investing it where monetary wealth is already largely concentrated.

[Grustaf]

If the fund will not preclude any races then that of course settles it, but I think many got the impression that this program does preclude some groups.

Regarding your second point, it is bot really relevant and if the project will “deliver returns” or not. Setting up a program that explicitly only invests in anglo-american harvard grads would probably give good returns too, but it would still be pretty racist.

[ziaddotcom]

I think I know what you meant, but in America Anglo-American would either imply White non Hispanics (as opposed to White Hispanics or White descendants of French first speaking people who were white) or it would mean virtually anyone born in America or elsewhere whose first language was English and is now an American citizen. In any event, virtually all 2nd generation American undergrads would fit the latter definition, and the former definition would not imply a racist scholarship by your definition, but a prejudice against non anglophone white people and non anglophone non whites alike. Given that Harvard and its scholarships almost certainly assume near native proficiency in English, I'm not sure if you argued my point or yours more effectively to be honest.