1 definition by Morris J. Peavey, Jr.
The economic exploitation of resources which have been created by citizens who are desinated as a subclass in a society. This economic exploitation is fostered by distortion of history,which allows the priveleged few to dominate the subjected many. This is practice which has been employed in Western Civilation to maintain a class society.
"The Religion of Racism in Third World Politics is the beginning and end of Ghettonomics" See Ghettonomics Man & Myth The Religion of Racism By: Morris J. Peavey, Jr. Published by 1stBooks.Com
by Morris J. Peavey, Jr. December 1, 2003