The vice chair of the
Treasury Department’s newly-announced racial equity committee wants to defund the police and put racial justice at the center of all government policymaking.
Treasury Secretary Janet Yellen on Tuesday announced the formation of a 25-member committee called the Treasury Advisory Committee on Racial Equity, which will identify, monitor, and review aspects of the domestic economy "that have directly and indirectly resulted in unfavorable conditions for communities of color," according to a
press release.
In the latest iteration of the Biden administration’s inclusion of capitalism critics in federal governance, Felicia Wong, the president and CEO of the Roosevelt Institute, was announced to serve as the nascent
racial equity committee’s vice chair.
Wong is a former executive at the Democracy Alliance, a network of liberal megadonors founded in part by billionaire George Soros. Since 2012, she has led the Roosevelt Institute, a liberal think tank that wants to abolish for-profit prisons, reimagine capitalism, and put racial justice at the "center" of all government policymaking.
Last year, the Roosevelt Institute
published a report co-authored by Wong, titled, "A New Paradigm for Justice and Democracy," which argued that "all policy, from vaccine distribution to higher education funding to tax reform, will have racialized effects. Recognizing this reality, and always considering race in policy design, is therefore vital."
Wong and the authors wrote that a "skills-based, opportunity-focused liberalism" is outdated and ignores systemic racism, and that "our mainstream politics has yet to recognize, prioritize, and make central the reckoning, race equity, and self-determination that a multiracial democracy would require."