Event created by richardmurray
This event began 02/23/2025 and repeats every year forever
Economic Corner - the boundaries of spending side the demands of inheritance
The NAACP a white financed organization historically makes two points:
Black Dollars power in the united states of America
The Diversity Equity Inclusion goals.
To Black Dollars...
Is spending a nonviolent form of power in fiscal capitalism? yes
Can Black people in the U.S.A. spend in such a way to avoid financing whites? no.
I have already mentioned the black farmer [ https://aalbc.com/tc/topic/11483-economiccorner014/ ] in the united states of America.
Black Farms in the united states of America do not have the means to feed the black populace in the u.s.a. So, Black people in the usa can not feed themselves absent mandatory involvement with white farms which means the most important thing all humans do, eat, is something black people in the usa can not do absent supporting white business.
I live in New York City, the city with the most black people in it in the united states of America.
Black people in NYC can not grow enough food for ourselves, no one can. Urban life has its advantages but it also has its weaknesses. Urban populaces have to buy some things. You don't have land to grow vegetables. You don't have land to raise sheep. You don't have land to get natural resources from the earth.
I am not saying spending is impotent, it is not. But spending has limits as a tool. It is a myth to suggest this.
And I will use the internet.
The NAACP says one of the firms need to be banned from black buying dollars is Meta. That is a laughable call. Black people in the usa, who don't go to black owned websites because they don't have the widest userbases, will flock to them now and leave Facebook+ Instagram+ WhatsApp... I can't tell you how many black people have said, you not on facebook, you not on Instagram.. how many black people especially from the Caribbean or Africa or asia, all black, ask, you on WhatsApp. All three: facebook/Instagram/WhatsApp are so connected to black individuals in the usa, you can forget it being banned by all or most blacks in the usa.
And spending time on a website is your spending dollars online. The websites you spend time on profit because of the time you spend on them, your time is the spending dollars online. And the online environment is the one environment where black owned business/websites I think have the means to support the black populace albeit online populace. I wonder what @troy thinks to the following: if all the black people online went and operated on black owned websites, do enough black owned websites exist or have the collective memory/bandwidth/speed to support the entire black populace online?
To Diversity, Equity, Inclusion(D.E.I. or DEI )...
I will begin the same way I began to an offline friend...
D.E.I. is needed, is warranted. But ... two problems exist. One is about the heritage of inherited fiscal capitalism in the united states of America, the other is about the heritage made of the legal relationship to failed business in the usa.
To the heritage of inherited fiscal capitalism,
White people in the usa came from Europe in the same way all willing immigrants[not First People or Black Descended of Enslaved] came after, with a goal for financial betterment for themselves and to leave to their children as much as they can. This desire leads to nepotism.
Firms changing the lowest wage jobs demographic is doable, but firms changing the tribes or clans in the ranks of owner or administrator goes against the heritage of fiscal capitalism all willing immigrants have. The same latin americans who complain about DEI will hand their business over to their son miguel even if miguel is a fool. I myself have never thought , if I own a billion dollar firm, to hand it to anyone but loving ones on my death. And trust funds is a form of slavery, which i don't support. The lawyers in a trust fund will never publicly say they own anything, but they can deny your descendants in the role of protector you gave them. And why are trust funds really made.. failure. To protect firms from failure.
To heritage of governments relationship to failed business in the usa,
When I think on it now, from the nineteen hundreds to today, the federal government of the united states of america , has given welfare checks of immeasurable value to completely failed industries in the usa: the banking industry multiple times, the automotive industry, the airline industry multiple times, the internet industry multiple times, the farming industry multiple times, the mineral resource industries[ oil/coal] multiple times.
Not just subsidies, the most common, or the rarest, to big to fails, welfare includes the tariffs to protect them, the readmittance to citizenship of the white enslavers in the confederacy, the ... when I think on it, the federal government has repeatedly saved the owners plus high ranking administrators of firms through all industries from their own failures, multiple times. Who are said owners? the whites the DEI initiatives are supposed to make in lesser quantity. But the heritage is not ownership by merit, it is ownership by phenotype. What is my point?
A law making no business to big to fail needs to happen.
In all earnest when I look at the financial history of the United States of America, the reason why the owners plus top ranking managers are mostly white in the usa's industries isn't merit, it is protection by the federal government.
When the next push by black people into an industry occurs will it be like:
the black farmers, who whose white counterparts were given 100% better subsidies or opportunities
the black music labels, whose white counterparts were denied no markets while they were blockaded or relegated constantly
the black small business, who unlike their white counterparts have a history of 100% rejection by banks or other fiscal operators including the governments tiers for loans in most geographic regions in the usa
My point is not that DEI isn't needed or warranted. Programs to push non white male christian hetero persons into the ownership or top management positions of firms in all industries is needed cause merit doesn't get non white male christian hetero persons into said positions. Programs to push non white male christian hetero persons into the ownership or top management positions of firms in all industries is warranted because examples of non white male christian hetero persons merting in said positions is on the historical record.
My point is that DEI's biggest aid will be allowing white male christian hetero persons in ownership or top management positions of firms in all industries to fail, to stop getting welfare, stop getting subsidies, stop getting loans, stop getting protections.
Failure isn't evil, failure isn't bad, failure is as human as success. But failure does something success rarely does. Failure opens up doors of change far wider.
URL
https://naacp.org/campaigns/black-consumer-advisory
https://naacp.org/sites/default/files/documents/Black%20Consumer%20Advisory%202025.pdf
Specifics from the URL
...
The Power of Black Dollars
Many corporations continue to profit from Black dollars while simultaneously undermining commitments of diversity, equity, and inclusion. These rollbacks not only harm Black communities, professionals, and entrepreneurs but also erode the progress made toward creating equitable economic and social systems.
$1.7 Trillion
Black consumers possess immense economic power, with a purchasing power exceeding $1.7 trillion annually.
...
The Cost of Abandoning DEI
Walking away from diversity, equity, and inclusion programs threatens economic opportunities, workplace diversity, and community investments, directly impacting Black communities nationwide by:
Eliminating roles in diversity, equity, and inclusion
Reducing supplier diversity
Declining community investments
Shifting away from equitable hiring practices
These rollbacks reinforce historical barriers to progress under the guise of protecting "meritocracy," a concept often used to justify exclusion.
IN AMENDMENT
Preach Brother Martin, preach [ The Kerner Commission : https://aalbc.com/tc/topic/11488-economiccorner015/ ]
https://www.tumblr.com/arinzechukwuture/775786027242635264/rev-dr-martin-luther-king-jr-speaks?source=share
MLK on Fiscal Accountability
https://aalbc.com/tc/profile/6477-richardmurray/?status=2532&type=status
Prior Edition: https://aalbc.com/tc/topic/11502-economiccorner018/
Boundaries of Spending power side demands of inheritance
POST URL
https://aalbc.com/tc/topic/11503-economiccorner019/
PRIOR EDITION
https://aalbc.com/tc/events/event/201-economic-corner-18-02232025/
NEXT EDITION
https://aalbc.com/tc/events/event/206-economic-corner-20-02262025/
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