Read the essay below. Afterwards, try to get the best understanding
you can of the following questions.
(1) Why is it important that Black Power Economists not misapply
their personal wealth, know how and intelligence?
(2) Where should We be investing Our dollars and resources?
(3) Who should We be establishing business relations with?
(4) Are the salaries Black individuals receive from white power
jobs an indication of Black wealth or white control?
In 2003, the African elite had $80 billion deposited in white
power banks. Africa needed those funds, but those funds were serving
white power instead. What is worse is this: the $80 billion in
white banks was minor compared to the wealth of intelligence,
time, energy, resources and know how Africans were donating to
white power's industries and economic system. The lesson for Black
Power Economists is clear: Don't misapply your personal wealth,
know how and intelligence in like manner. If you have excess funds,
look for alternatives to United States bank accounts. Or, convert
your excess funds to a non United States currency. Best of all,
use those funds to help finance Black Power. In fact, instead
of accumulating a large bank account, you should be trying to
get as much money out of the bank as you can. Whether it's your
money or somebody else's is beside the point.
Black entrepreneurs have been trying to join the white power business
mainstream for decades, without success. White power is opposed
Black involvement in anything viable. In this case it is good
because We do not need to be a part of something as rotten as
white power capitalism. Instead, We should be establishing better
business relations within Our Black communities, and We should
be establishing business relations with people in other parts
of the world, particularly those who are trying to distance themselves
from white power. The countries presently at the top of this list
are Zimbabwe, Cuba and Venezuela. Zimbabwe is in desperate need
of investment dollars and export-import business. Black Power
Economists can invest in countries like Zimbabwe and establish
business relations that promote trade between Black Power Economics
businesses in the United States and Zimbabwean businesses. There
are Black businesses in countries like Venezuela and Brazil that
would benefit from Black Power Economics investment dollars and
trade relations. And the same is true of Cuba. Trade with countries
like these and non capitalist business persons in countries like
these would be good for a Black Power Economy. Not only would
it bolster Our competitive position, it would reduce the dominance
of white power economics, particularly that of the United States.
And, Black Power Economists must distance themselves from so called
Black capitalism. Capitalism is nefarious and anti human, and
it does not change when it is modified with the term Black. Instead
of concentrating solely on Black businesses, We need to be establishing
Black Power Economics collectives. And instead of opening businesses
to make personal profits, We need to be concentrating on developing
Our group wealth and using Our collective wealth to promote an
agenda. We need to start making the baby steps that will lead
to an alternative to the white power soso (same old same old).
Black Power Economists need to identify the wealth in the Black
community and seize control of that wealth.
We should not make the mistake of thinking that the salaries Black
individuals receive for working on white power's jobs constitutes
Black wealth. We can make use of those salaries while they are
available, but, more than anything else, those salaries demonstrate
how much white power controls Us. Black wealth is an indication
of how much We can control Ourselves.