Group economics is key for Black Americans

[OsO]

I don't think we necessarily need global or large scale group economics right now. In the past, it has just drawn attention by whites and they shut it down. I believe individual and community growth is better. We need to own those corner stores, laundromats, cleaning companies or other low paying jobs that immigrants gladly take over. We basically need to stabilize our communities via ownership and I feel that's "easier" to accomplish than global group economics.

I would consider the bold community economics. It's a system of owning and producing the goods and services consumed by our respective community. There's no reason blacks shouldn't be taking over whole neighborhoods economically and politically like the latinos, jews, arabs, and asians do.

We should just turn this thread into an official coli Business / Community Economics / Entrepreneurship thread. There seem to be enough heads in here to get it poppin.

 

[Ol’Otis]

http://officialblackwallstreet.com

 

[PhonZhi]

Hip hop culture pushes this materialistic mindset and our youth eat it up greedily.

You brought it up before I could and ill speak on it some more


If the message of spending responsibility and practicing group economics has a chance of ever catching on, a huge barrier must be overcome: hiphop culture

The main theme that modern-day mainstream hip-hop promotes and glorifies is the "spend, spend, spend" mentality.





You constantly hear lyrics about "foreign" whips and designer brand names. Reckless spending and "making it rain" are regular themes that are bombarding the minds of the youth. This is by design by the way.

If rappers started promoting merely the IDEA of unity, supporting black businesses, and name-dropping black owned businesses in their music, it could literally shift the mindset of an entire generation of youth.

Killer Mike for example is merely a D-list rapper and he's single-handededly inspiring thousands upon thousands of blacks currently to switch to black owned banks:

http://www.thecoli.com/threads/thou...ned-citizens-trust-bank.445981/#post-20008300

Can y'all imagine the impact of 10 Killer Mikes on the psyche of black minds?

 

[Ol’Otis]

Cooperative | The U.S. Small Business Administration | SBA.gov


Capital Asset

 

[OsO]

I immediately distrust anyone who uses the "trillion dollar spending power" data point because it means absolutely nothing, economically or financially.

And what's needed is more wealth concentrated in the hands of Black Americans, greater control over property, s much higher education rate, and a state to support us.
The latter of which we do not have.

My man, our spending power is the foundation for community economics. Without capital we can't employee a single person or produce a single product. That "trillion dollar spending power" is the exact thing that will concentrate more wealth in the hands of black americans and allow us greater access to property and ownership, etc.

what does group economics mean, sounds like socialism, and that is a losing avenue.

Think about all the money black people spend on things like food, clothes, entertainment, electronics, random products, banking, etc. Group economics means buying those goods and services from companies who are black owned, employ majority black people, and do things that support the local black community.

Black people need to spend with black businesses that employ black people. It's that simple.

BlackBusinessList.Com - Online Black Business Directory

On there, black businesses can be looked up by state

Here's another one:

Home - Black Owned Business Network

I agree. We need to buy politicians as well

I think we need to usurp the politicians.

 

[EndDomination]

My man, our spending power is the foundation for community economics. Without capital we can't employee a single person or produce a single product. That "trillion dollar spending power" is the exact thing that will concentrate more wealth in the hands of black americans and allow us greater access to property and ownership, etc.

I'm an Econ student, trust me, "trillion dollar spending power" means absolutely nothing.
The only thing that matters is the flow of liquid capital. Add in steadily growing investments. I posted an article here a while back about why that economic measure is useless, it simply sounds good.

 

[David_TheMan]

Think about all the money black people spend on things like food, clothes, entertainment, electronics, random products, banking, etc. Group economics means buying those goods and services from companies who are black owned, employ majority black people, and do things that support the local black community.

Black people need to spend with black businesses that employ black people. It's that simple.

If group economics means that, its going to fail and it should fail.
If black businessmen are in business only becaue of their race instead of the benefit they can bring potential customers in their products they deserve to fail as well.
I could understand if you were arguing blacks need to give black manufacturers and sellers who have good products at competitive prices a try and abandone the mindset of if blacks make it it must be lesser quality, but to say black only I think that is foolish and economically illiterate.

Blacks can thrive in raw capitalism when we aren't ganged up and loaded down by the white power structure, we saw this even in the slave days where you had some slaves who were able to in that depraved system buy themselves and family out of slavery and compete and best white business men and competitors.

The issue to me is more of a mindset though, we have so many blacks who refuse to even consider services of other blacks because they think their black skin makes them inferior. I've seen this first hand in the IT field where if I try to make a sale to a black business for IT, they look at me like they think I'm running a game on them, and someone white from my same company can come in there upsell them on shyt they don't need and they'll run at it and put money down because he looked the part to them. Think about that mindset, if you can remove that mindset I think you'll see more economic progress from black americans economically, that warped mindset is the main problem IMHO internally, externally we have measures that a lot of blacks support that were designed and currently limit our economic opportunities.

 

[OsO]

I'm an Econ student, trust me, "trillion dollar spending power" means absolutely nothing.
The only thing that matters is the flow of liquid capital. Add in steadily growing investments. I posted an article here a while back about why that economic measure is useless, it simply sounds good.

The trillion dollar spending power IS the liquid capital fam. It's the money we spend on everyday goods and services, only the businesses are not majority black owned and usually don't employ a lot of black people. Economic theory is very different from its application, trust ME.

If group economics means that, its going to fail and it should fail.
If black businessmen are in business only becaue of their race instead of the benefit they can bring potential customers in their products they deserve to fail as well.
I could understand if you were arguing blacks need to give black manufacturers and sellers who have good products at competitive prices a try and abandone the mindset of if blacks make it it must be lesser quality, but to say black only I think that is foolish and economically illiterate.

Blacks can thrive in raw capitalism when we aren't ganged up and loaded down by the white power structure, we saw this even in the slave days where you had some slaves who were able to in that depraved system buy themselves and family out of slavery and compete and best white business men and competitors.

The issue to me is more of a mindset though, we have so many blacks who refuse to even consider services of other blacks because they think their black skin makes them inferior. I've seen this first hand in the IT field where if I try to make a sale to a black business for IT, they look at me like they think I'm running a game on them, and someone white from my same company can come in there upsell them on shyt they don't need and they'll run at it and put money down because he looked the part to them. Think about that mindset, if you can remove that mindset I think you'll see more economic progress from black americans economically, that warped mindset is the main problem IMHO internally, externally we have measures that a lot of blacks support that were designed and currently limit our economic opportunities.

Community economics doesn't have to mean black only. And it doesn't mean supporting inferior products or services. It simply means owning the stores where we spend our money and ensuring our people are adequately employed. There are more layers to it but that's the foundation.

But ya'll fighting me over semantics when we should be talking about how to leverage the members on this forum into some kind of economic cooperative.

 

[David_TheMan]

Community economics doesn't have to mean black only. And it doesn't mean supporting inferior products or services. It simply means owning the stores where we spend our money and ensuring our people are adequately employed. There are more layers to it but that's the foundation.

But ya'll fighting me over semantics when we should be talking about how to leverage the members on this forum into some kind of economic cooperative.

Yeah I disagree, I fail to see how supporting lets say 20% of the merchant black class would empower or build up the remaining 80% (figures are just being used as an example) the whole black poluace. Its similar to the argument Bastiat made in france regarding mercantilism.

As for fighting you, no one is fighting you, when you are putting out an idea, feilding questions and recognizing that some may have the same goal but different methods they feel to reach there is part of the problem.
I can tell you off the bat, getting over defensive when there are questions is a bad way to spead what you want though.

 

[Collateral]

Group economics is our answer to everything. First you get the money then you get the power. Like the Jews. If we had a booming economic base, white supremacy would be gasping for air. Race soldiers wouldn't be able to murder us and get away with it like the do now. It sounds nice but we all know that it's a long shot at this moment, when you got so many defeated nikkas out here. Like some brehs said in the first page, majority of black people are uneducated or simply don't know that having money circulating in the "community" is our way out. We gotta educate ourselves first and foremost

 

[OsO]

Yeah I disagree, I fail to see how supporting lets say 20% of the merchant black class would empower or build up the remaining 80% (figures are just being used as an example) the whole black poluace. Its similar to the argument Bastiat made in france regarding mercantilism.

As for fighting you, no one is fighting you, when you are putting out an idea, feilding questions and recognizing that some may have the same goal but different methods they feel to reach there is part of the problem.
I can tell you off the bat, getting over defensive when there are questions is a bad way to spead what you want though.

I hear you. I think we have different ideas of community economics tho. Cooperative economics is literally how every other ethnic group in the US created their wealth, and continue to create their wealth to this day. So for you to say it wouldn't work is just kinda ignorant since the methodology is well proven with plenty of receipts.

But like I said, I think a lot is getting lost in translation. Enjoy the rest of your Saturday fam

 

[mamba]

"93 percent of our income is spent outside the community." Lee Jenkins, author of Taking Care of Business • "Blacks on the average are six times more likely than Whites to buy a Mercedes, and the average income of a Black who buys a Jaguar is about one-third less than that of a White purchaser of the luxury vehicle." Earl Graves, Black Enterprise Magazine

That's so true.

nikkas love to stunt in European cars they can barely afford.

 

[DrX]

i cant see it happening,nikkas are very jealous man, everybody wanna wear the crown....but there is no crown

crabs in a barrel

 

[DonMakavelli]

Its over. try talking to a random black person in their 20s-30s or even oldheads about this, they just want trinkets and a "job", nothing more.