Einherjar86
Active Member
Well it doesn't explain anything historically, only individually and immediately. That is, time preference doesn't explain itself, and it is only demonstrable. One demonstrates a high or low (or medium?) time preference. We cannot, from that demonstration, tell why one has such a time preference.
My point is that racism does not explain time preference, but time preference does explain individual behaviors. If only blacks in America had HTP, or were the overwhelming group displaying HTP, then we might could pinpoint racism and/or slavery as a cause for such. But this isn't the case. The difference in ratios might point towards slavery as a factor, but not racism as a factor (if that makes sense).
I don't think you can separate slavery and racism. If a certain racial demographic exists today because of slavery, then it exists because of racism. You can't really distinguish the two.