muichimotsu
I Spit On Perfection
- May 16, 2006
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And you're still reducing this to some problem only black people are suffering from rather than something that is resultant from America as a whole being complacent and thinking things are fine with no regard to any kind of future planning. Also, have you considered maybe not every black person isn't trying, but isn't getting the same opportunities as white people?Your comments are largely valid. As I said blacks are in their 'honeymoon' period subsequent to the Civil Rights Acts of the 1960's. They are enjoying their newfound opportunities, and a modicum of wealth, and have not begun to seriously consider the need for 'black capital formation', capital that whites have built and had access to for generations (and are reluctant to loan to blacks).
The problem is that many don't understand this. Many middle and upper class black leaders have been encouraging this many years, but it largely falls on deaf ears. Based on the $1.4 Trillion annual black buying power capital formation through saving and investment is certainly within reach, capital that would improve black lives in the areas of education, employment, and housing.
It also builds social and political capital, much needed by the black community. Generational wealth cannot be built through protests, reparations, or movements like BLM. It requires vision, investment, hard work, and sacrifice.
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