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) Why should Black People think of Black Power Economics as Our baby?
(2) Are there times when it is best to "just do it?"
(3) Must the evolution of Black Power Economics be an excruciatingly long process?

Class #14: OUR BABY [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. In this class, we will explore the Black psyche and try to help Us realize that "We Can Do Without The Goodies."

Our Baby

We have to walk a delicate tightrope. On the one hand, We have to reduce the spending patterns that feed the economic system that is bad for Us, and at the same time, We have to create a Black economic structure that will provide us with few immediate rewards and a whole lot of immediate frustrations. We have to realize that Our economic system is presently a fetus that is trying to take form, that it must develop inside of Our individuals and communities, that when it is born it will be as helpless as a newborn child, and that it will rely on Us to nourish and nurse it through its infancy, childhood and adolescence. It sounds like a time consuming process, but it doesn't have to be very time consuming at all. How long it takes depends on whether or not enough of Us have the correct attitude.

We must make sure Our economic Baby is nourished on Humanism. Our Baby must understand that the wisest economic system revolves around the well-being of people, not businesses. We must make sure Our economic Baby is able to resist the European economic "isms." Europeans, white Americans included, do not view economics as a human reality, they view it as a dollars and cents one. We must also make sure Our economic Baby resists the temptation of putting the cart before the horse. Black Power Economics must evolve, and it will do that to the extent We work on developing it. And, We must make sure Our economic Baby realizes that, sometimes, it is important to "just do it." Sometimes, waiting for the best time and/or the perfect conditions can put Us in a lackadaisical mood and get Us satisfied with doing nothing at all.

We have to function for a while WITHIN an economic system that despises Us. We must do that, but to the smallest degree possible. We also have to function FOR an economic system that will save Us, a Black Power Economic system. We must do that, but to the greatest degree possible.

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