But it takes the capitalization of fifteen, sixteen, seventeen thousand dollars per job in the United States. This is the capitalization that was not created exclusively as a result of Negro travail. My great grandparents worked too, presumably yours [audience] worked also, I don’t know of anything that has ever been created without the expense of something. All of you [audience] who hope for a diploma here [University of Cambridge] are going to that at the expense of a considerable amount of effort and I would thank you [audience] please [audience laughs] not to belie the fact that a considerable amount of effort went into the production of a system which grants a greater degree of material well being to the American Negro than that that is enjoyed by 95 percent of the other peoples of human race (Buckley 43:60-44:40).
Baldwin, James and William F Buckley, participants. “The American Dream and the American Negro.“ The Cambridge Union Society, 18 February 1965. BBC.