Title of Course: Economics 101
Black Power Economics: The Building Blocks
Mba Mbulu, Instructor
Copyright 1998 - 2002 ASET, M. Mbulu All rights to everything on this web site are reserved.
Read the essay below. Afterwards,
try to get the best understanding you can of the following questions.
(1) Is money material wealth?
(2) What does material wealth revolve around?
(3) What are raw goods, raw services and raw space?
(4) What is greater evidence of wealth, making huge profits or possessing the ability to convert a raw ingredient into a finished product?
(5) What is kinetic wealth? What is potential wealth?
(6) How can Black People convert more of their potential wealth into kinetic wealth?
Class #10: What Has To Be Managed? WEALTH [Audio Version]
Economics is a science; an organized system of activities (some economic systems are more highly organized than others) as opposed to a random series of activities. This will be one of several classes that asks fundamental Economics questions, and answers those questions as simply as possible. The question for this class is, "What has to be managed?"
We Have To Manage Our Wealth
Black People in the United States
COULD be very, very wealthy , and not have a penny in their pockets.
That is because material wealth revolves around raw ingredients
and the ability to transform those ingredients into finished,
useful products. Material wealth, at its core, has very little
to do with money or profits. Material wealth is much more fundamental
When we think of material wealth, We must first think in terms of raw goods, raw services and raw space. The possession of raw or basic ingredients is one of the underpinnings of wealth. The other underpinning of wealth is production; the process by which raw goods, raw services and raw space are converted into consumable, usable or processed goods and services. The final products, the processed goods and services, are proof of wealth, but wealth itself is too basic to revolve around final products. Wealth revolves around the possession of raw ingredients and the ability to transform them into finished products.
The raw space that has been most often seen as a wealth indicator is land. However, We must think beyond land. What raw space can play an economic role similar to that that land has historically played? And, what raw goods and services do We possess that We can convert into consumable, usable goods and services. There are positive answers to each of those questions, but We can't identify them yet. Their identification will be a key to the development of a substantive Black Power Economics system.
In science classes students are taught about kinetic and potential energy. Beyond the material, Black individuals in search of a Black Power Economic system must explore Our kinetic and potential wealth. Kinetic wealth is composed of those assets Black People possess that are actually being used to Our own advantage. That wealth is serving its proper purpose. But it is Our potential wealth that We need to investigate closely. Black People are in possession of a multitude of assets that could be used to Our advantage, but are not. We have to convert a higher percentage of Our potential wealth into kinetic wealth, and use it in a manner that promotes the realization of a Black Power Economics system.
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