The margins of capitalism berthed racism. Hatred for non-whites was provoked by the need to subjugate labor out of a people considered inferior. After centuries of this exploitation, the American economy was created. Subsequently, a class hierarchy based on ethnic groupings would become the basic foundation for that economy and mature into modern day racism.
It becomes evident that race and the economic construction are interwoven. What I will attempt to do is show how Blacks should separate their cultural identity from mainstream economic principles, values, and beliefs to become independent from White control. The economic system which Blacks have readily embraced since being freed from slavery has done nothing but help to enslave in another manner.
It is in the nature of African Americans to work collectively; an age-old tradition of building a village that is self-sufficient by reinvesting in your neighborhoods and communities so they flourish instead of border on extinction (Oglesby, 42). Through white supremacy, individualism has consumed the natural inclination in our community to share amongst one another and we no longer seek each others’ business. We have allowed for slavery, capitalism, Willie Lynch, Jim Crow, and American racism to overshadow our cultural bond. The bond allowing us the ability to spend our dollars where we live and work.
I-Reasons Black Economy Suffers
White Product/ Service Dependence
African-Americans have “earned” their rights to be considered American citizens and have progressed through struggle. They no longer are considered by majorities as being inferior beings but are now given slightly more consideration in regards to civil equality.
Blacks have positioned themselves in
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The greatest gift in history to African-Americans was Civil Rights. Since receiving those Civil Rights, Blacks have become content with their status in
“It is through the institution of a race that the civilization and culture of the race are built.”
-Garvey
Desegregation/ Integration At The Root
Desegregation and rapid increase of public state-owned, 2-year institutes during the 70’s are the leading factors to the decline of support for Black schools. The educative reform which took place after the civil war and before 1910, was successful due to the surge of Black intellectual talent choosing education from their own culture over other peoples’. What majority schools would not allow Blacks to gain from their institutions, was gained from HBCUs. Somewhere down the proverbial progression line, though, Blacks lost the desire to send their children to rich institutes of color that had taught (not trained) them. As White schools desegregated and allowed Blacks the opportunity to attend, the same Howard and Fisk alumni would then encourage their children to get their degree from schools like Harvard and
II-Benefits of Black Capitalism
Economic Freedom As A Means Of Political Freedom
Economic freedom makes way for political freedom and true democracy. Establishing an independent commercial and industrial enterprise would not only benefit the well-being of financial stability, but would also influence political representation. Politics in
Revitalizing The Neighborhooods
Ghettos were created by the Germans during the Holocaust. Ghettos are the inner city area designated to confine the Jews before execution. The power measures taken by the Germans to assume total control over the Jews were skillfully executed. By relegating Jews to confinement in the most underdeveloped part of the town, they had control over physical and emotional comfort. The Germans made sure that the ghettos were overpopulated, without adequate food and water, and underdeveloped and unkempt. The same attributes signature to the Jew ghettos is evident in African-American populated ghettos in
Blacks have not embraced this fact and attempted to improve the community they consider home; instead, individuals come up with a little money and move out to Whiter neighborhoods. Investing money into our community is what is needed in these instances. Onyeani states, “We continue to chase after “other” good neighborhoods when we could make our own neighborhoods better and increase our property values and in the process increase our equity in the home-which translates into more money from our investment.” When the dollar changes hands within a community, more wealth is established. Chinese, Indians, and Jews understand this logic and use it in their communities in
Improving Our Education
Black America cannot complain about an education system that was not created to educate us in the first place. Economic freedom would allow for African-Americans to choose African private schools for their children. Government funded schools teach what they want to be taught while private K-12th grade schools serve a higher purpose. They can develop children at faster rates than public schools, introduce topics never discussed in public schools, and ultimately give young Black children confidence and self awareness that they wouldn’t get from public schools.
Dependence from a government provided education leads to disaster. Knowledge of self and the past is the key to the future. When you allow for someone else to teach you everything, you can’t expect for them to teach you everything which may benefit you. Just as other groups have found it beneficial to teach their kids about ethnic/cultural history of self and how to become better representations of ancestry, Blacks need to do the same. Contributions from the community can work towards improving the African private school sector.
Black Wealth As The Next Reform Movement
Black reform has taken place in segments. We have seen Black Revolution which was categorized by radical transformation of means of production and political apparatus. This period was an effort that took place during the 1800s to the early 20th century. Militant and Gradual Reform were the Blacks’ form of resistance during the period in history deemed as the Civil Rights Movement. Prolific figures like Martin Luther King, Jr. and Malcolm X were leaders of these developments. During this period, progressive transferal of power to the oppressed without a seizure of state power took place. It was a slow and steady attempt at creating change to existing systems and proved successful. The next reform movement in the Black community was Accommodation and Conservatism. This restructuring saw tactical compromises, conciliatory rhetoric, and covert activities against racism in the 1980s and 1990s. It was also during this time frame that Blacks developed content for status quo. There hasn’t been a forceful push to improve the quality of living for the Black community since the Militant and Gradual Reform movements of the 50s, 60s, and 70s. Black economic independence could serve as the next reform movement. Gaining economic freedom from the dependence of White products and services would have the makings of the next freedom movement.4
III-Solutions
There are ways in which Black economic power can be developed within the next 5 years. The Black community must lose its integration mind set and become Pro-Black. A concern for the survival of the Black community must take root.
Four steps will assist in creating Black Capitalism: 1) Word of mouth (an old African tradition) 2) Learn each others trades and skills-local action 3) History lessons on Black Wallstreet and areas where a lot of Blacks populate (Birmingham, Prince George County, New Orleans, Cincinnati, Atlanta, Little Rock, Jacksonville, etc.) 4) Change the function of HBCUs to produce entrepreneurs and Black business professionals.
The last step is especially worth noting. HBCUs produce nearly 60% of all Black college graduates in the country. What the HBCUs do though, is teach them how to get a job from large corporations and majority companies. There are thousands of African American industrial/service companies in
References:
Garvey, Marcus. “Message to the People: The Course of African Philosophy”, Lesson 12 and Lesson 18. The New Marcus Garvey Library, No. 7. 1986 by Charles L. James Preface Copyright.
Oglesby, Thomes K. “What Black Men Should Do Now: 100 Simple Truths, Ideas, and Concepts”, p. 41-43 and Copyright by K. Thomas Oglesby 2000.
Graham, Lawrence. “Member of The Club”, chapter entitled The Shame of the Black Middle Class. Copyright 1995 by
Marable, Manning. “How Capitalism Underdeveloped Black
Onyeani, Chika. “Capitalist Nigger”, chapter entitled Degeneration of Black Communities and Black Dependency. Copyright in 2000 by Chika Onyeani.