Read the essay below. Afterwards,
try to get the best understanding you can of the following questions.
(1) What are the three basic components of the Black Power
Economics system?
(2) What is Black wealth in general, and primary and secondary
wealth in particular?
(3) Can individuals who are poverty stricken in one regard be
rich in other regards? Explain.
(4) To make Black Power Economics work, who must provide the
unselfish, revolutionary examples and establish the unselfish,
revolutionary models?
So, the Black Power Economics system breaks down into three basic
components. At level one is the Black Power Economist. At level
two is the Black Power Economics Unit. And at level three is the
Black Power Economics Governing Body. By right, each of the components
within levels one and two will be independent of the others, but
all of them must work together in order for the system to serve
Black People to the maximum degree.
The Black Power Economics Governing Body, the straw that will
stir the critical national and international flavor into the mix,
will be totally dependent on the other components. Working together,
both formally and informally, they all must learn to instinctively
and intuitively make revolutionary investments; that is, invest
Black wealth in a way that takes Black People beyond capitalism.
They can't just talk about it, they must embark on a course of
action and actually carry out activities in a systematic manner
that converts more and more Black individuals into Black Power
Economists. These Black Power Economists would then use their
wealth to develop an ever more extensive Black Power Economic
system.
But what is Black wealth? Black Power Economists must recognize
two categories of wealth. Primary wealth is anything Black People
control that can help provide for the needs and development of
the Black Nation. Secondary wealth is anything Black People have
access to that can help provide for the needs and development
of the Black Nation. To the extent possible, Black Power Economists
should rely on the wealth they control. To the extent necessary,
Black Power Economists should make use of whatever wealth is available
at a particular time. (For more on wealth, see class #10 of Economics
101. For related information, see class #4 of Black Nationalism
201.)
Black Power Economists will have to learn how to walk the tightrope
insofar as primary and secondary sources of wealth are concerned.
If a function or service is of a critical or ongoing nature, the
wealth that supports that function should be of a primary nature.
However, while the Black Power Economics system is in its early
building stages, Black Power Economists will be tempted to "roll
the dice" or take risks from time to time. Black Power Economists
should develop enough mental toughness to resist those flashes
of temptation. If the situation is "do or die," it might
be okay to roll the dice. However, most "do or die"
situations are the creations of undisciplined minds.
In the Economics 101 course, the importance of managing one's
energy, time, know how, skills, labor and money were discussed.
Review that material. All of those are primary sources of Black
wealth. As one develops into a Black Power Economist, his or her
sources of personal wealth transform into collective wealth and
are treated as the property of the Black Nation. An individual
who is poverty stricken money wise might be rich time wise or
know how wise. Black Power Economists will learn how to make the
most of their riches and the riches of the Black Power Economics
Units.
Before ending this class, I will repeat something that was said
in the previous class: The wealth that the Black Power Economists
manage first (individually and collectively) will be their own
wealth. Black Power Economists will provide the unselfish, revolutionary
examples and establish the unselfish, revolutionary models. As
others are made aware, become Black Power Economists and join
the Black Power Economics movement, the system will expand and
become dominant in the lives of Black People.