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) Can you imagine how people can be the foundation of an economic system?
(2) Why must Black People be careful not to violate a valued principle in order to take advantage of a "once in a lifetime" opportunity?
(3) What happens when a negative economic principle takes on the look and feel of legitimacy?
(4) Black individuals are primarily consumers in the white power economic system. What are the implication of that for the development of Black Power Economics?

Class #11: What Has To Be Managed? MONEY [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 Money

We must remember: The foundation of Our economy must be Our people, not money. The foundation of any sane economy must be human beings, not dollars or profits. Any time there is a conflict between people and another source of wealth that is difficult to resolve, the people must be upheld and that other source of wealth must be relegated. It might seem ludicrous when you look at it in immediate terms, but in the long run it will keep negative tendencies in check and prioritize human well being as the key to the economic health of Our people.

At times, passing on a promising source of income in order to hold true to a principle might seem counter-productive; it is easy to imagine how much could be accomplished if We make exceptions here and there. But it is not easy to imagine how much harm We might do to Our objective if We stray because negative ramifications frequently will not make themselves identifiable immediately. Negativity often times functions in a sinister way, and by the time it takes a public stance, it will have entrenched itself enough to claim some degree of legitimacy. Delegitimizing negatives after they have been around for awhile, even though they are negative, can be a long, painful, divisive and wasteful process; a process We should want to avoid.

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We must be careful, very careful. Without the exception, the rule would not exist. There will be times when We are tempted to slight even the most sacred rule. During those times We must remember: Missing out on a "once in a lifetime" opportunity is not going to kill the development of Black Power Economics, but betraying a valued principle in order to take advantage of immediate "benefits" might hamper Us for a very long time.

The basis of Our economy must be Our people, but Our economy, the economy of the Black Nation, can not be based on individuals who are shuffling and jiving when it comes to the financing of the Black Nation! We cannot make it on begrudging physical and financial handouts from Black individuals. Financing Our economy must be a priority, a priority of the highest order.

In order to advance a Black Power Economics system, We must recognize that money (particularly the dollars We earn in a white power economic system) is a tool. To get the most value out of money, We have to use it in a consumer mode to the smallest degree possible, and in an investment mode (within the Black Nation) to the greatest degree possible. Those Black individuals who are serious about contributing to the elevation of Black People can manage to do that.

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