Economic Corner 25

Two big financial issues have come to my realization. 

1) Some Black people want the current financial growth in the black populace in the usa to move faster than warranted. 

2) Too many Black people can't simply say the USA is a failed financial state. YEs , most powerful military in the world, welfare lifelining every single failed white owned industry in the usa. But, when any fiscal environment under a flag is as terrible as the usa, that doesn't show signs of an environment worth doing business. 

 

And I want to add, the condition of NYC + Los Angeles I should had added. Los Angeles was built on the film industry. All those props , set designers, Los ANgeles was built on the film industry, barely any films are made in los angeles, where is the mayor of los angeles? this is the second largest city in the usa and it let its biggest industry disappear? how is that good business? NYC had every industry you can name in its bounds, now it is a real estate den, trying to figure out how to turn a failed real estate system into collective wealth. Detroit with cars, how can I forget. The USA's big cities, have all gone to ruin, all led by whites all led by MIT/HArvard /Yale people. What does matriculation have to do with it? 

Black people in the usa for some reason, keep suggesting the usa is a positive place for businesses and if you are honest, it isn't. 

 

The following is the complete comment

 

 @KENNETH 

Well I have said in this forum already, in 2025 Black people in the usa have more business ownership or collective wealth than in the USA in times past. Using the Black History Book, through enslavement from 1492 to 1865 through jim crow from 1865 to 1980 Black people were financially stymied in overhwhelming majority by whites, this is a financial fact. So from 1980 to 2025 Black people after fighting through white terrorism/oppression to have unprecedented opportunity in majority, has led to an ever increasing rise in black business ownership or personal wealth from 1980 to today and growing. 

So from my view, what your talking about is acceleration. You want Black people in 2025 to be inspired as in times past as a collective. We taught ourselves to read in the late 1800s on will alone. We marched and rallied for legal changes that would influence how the usa works with may black people being murdered in the 1960s. Shirley CHisholm said black folks in the usa need a financial focus today. But where is the inspiration to come from. 

From 1980 to 2025 Black ownership had moments to lead greatly financially and they all fell.

 

Black Entertainment Television was black owned, the majority owner who was black sold the company from under the other black owners, that undercut black owned media  outlets ever since. Johnson could had reached for a consortium of black people to own BET, provided corporate rules. But he didn't. HE just sold it to whites who themselves are looking to sell their company to a holding firm this very year. 

 

The man who owned BET and sold it started the CHarlotte Bobcats. Sold it to Black man, Michael Jordan, who then sold it to white people. Black people say why we don't own sports team all the time. We owned one  and it was sold to whites. Jordan couldn't find a set of black owners to buy the team? 

 

As I Said in this forum, the million man march could had been used to make a political march into a financial agency. Over a million black men marched on washington for guidance to the black community in the usa. the black people who led that march didn't provide anything. whose fault is that? they could had made a website and gave each man who was willing to give one dollar a ticket/card and said, when you go back home, use this card to access the website and vote on how we want to use a million dollars, and every year with one dollar, each million man wil lbe part of a financing to something n the black community in the usa. But, the million man march doesn't even have a website .

 

In the harlem I live when the HArlem EMpowerment Zone which was advertised as financially beneficial to HArlem which at that time was still majority black, only one blac owned business in harlem received funding and that was cause that business knew someone. HArlem at that had an all black elected representative body fromc ity council to state assembly to stt senate to house of represnentatives. All f those blac elected officials couldn't demand black owned busineses have a greater cut, with the clintons as the supposed spearheaders of the money? 

 

George bush jr started the national african american museum, but Obama was president through most of its administration. Why couldn't obama open up the management of that museums' creation to more black people, with varying views and beliefs. The national african american musuem was made with a black 1% in control, the black 1% have never viewed the back populace in the usa properly in my view. They have always viewed the black 99% as erroneous/lazy/wrong and that matters in the narrative fo black history which that museum displays. 

 

What is my point? 

from 1980 to 2025 Black leaders  in the usa had moments to guide to inpsire black people to work with each other for positive goals but usually they end up teaching the lesson of individualism. And so.... from BET to the NAtional African American Museum the lesson isn't black people in the usa need to work together in the age of integration, the lesson taught is black individuals in the usa in the age of integreation earn the right to do as they see fit regardless to the black community or blakc collectives betterment in the usa. And so how can you expect black people living in a black town in mississippi without water, near poisonous landfills to have this great black on black financial belief when black people who are millionaires and billionaires are selling to non blacks or not doing anything to the village's betterment? 

Yeah steward and smith , steward a savvy businessman in the right place at the right time started as  reseller of technology, rode the dot com wave , which busted. Smith a chemist fortunate to have some patents and invests in software firms at the right time, has grown as all software investment firms have. Congrats to both, both hire and employ black people.  Well done to both. But, I also provided examples of others who sold their firms. 

In conclusion, I already stated black business in the usa  is growing, this is financial fact. But you are looking for acceleration and  you have to really look at the field fo black wealthy people who aren't leading the way to such an explosion and it is financially irresponsible to suggest black people who have only been able to be part of the usa's financial environment since the 1980s to erase the lag from 1492 to 1980 caused by whites. 

thus the financial growth will be slow until some black billionaire or elected official leads much better, offering guidance that can convince black people to take huge risks. 

 

On 10/26/2025 at 9:45 AM, KENNETH said:

Charles Rangel defeated Adam Clayton Powell in New York in the 1970 Democratic Party primary for Congress. 

I happen to know about this. Adam Clayton Powell jr had lost connection with the rising set of younger black elected officials. It wasn't the people clamoring for rangel , Rangel hadn't did anything to warrant all of that. But rangel /dinkins/patterson whose son is blind and the guy that recently passed away who was in the ny senates, three of them from harlem without question, I dont think patterson was but I am uncertain.   had formed a little union who would run harlem and black politics in nyc for decades, that is what happened. Powell jr alienated himself from the new generations and they ousted him. One thing black people have to do is stop telling false histories. I know I may sound like I am attacking you but I am not. I can't stand when anyone tells false history. 

I comprehend that many, I don't think most, black people in the usa view voting as a symbol of freedom. Black people like yourself of Profd or Pioneer I think view voting as the will of the people. But, the black people of harlem didn't vote to have the nypd as the drug kingpins of harlem in the 1970s they didn't vote to have the nyc/nys/us government defund everything it could in harlem in the 1970s?  Under rangel, who represented all of harlem  all that happened? so... Black people didn't vote for change. The black elected official community in NYC had a coup over powell and others led by four black men and they succeeded in their coup. 

 

On 10/26/2025 at 9:45 AM, KENNETH said:

But blacks must be persistent and think differently about the challenges we face. We might try and fail doing different things. However failure is guaranteed if we do nothing at all. Now is the time a kind of black pragmatism that includes advocacy, protest, national, state, local government, entrepreneurial, human, and community development.

I think blacks have been persisitent since 1492 in this country. I don't think persistence is the issue in our dialog or failure to try new things. I think the issue is scale. You like others seem to want a grandiose scale that I don't think is even remotely warranted. 

 

@umbrarchist the truth is , the USA military is the real value fo the usa economy, it is that plain and simple. The numbers all prove me right. 

From 1980 to 2025 what iindustry didn't have a total collapse in the usa? can you name any? 

Real estate industry had three collapses. 

Automotive industry had two collapses. 

Military contractors, arms makers, had a collapse.

Airplane firms had three collapses in a history of collapses going back to pan am in the 1960s 1970s. 

Banks had three collapses the biggest was a complete failure that even the banks couldn't algorithm their way out of. 

Dot com websites collapse, before the bust steward made his fortune before the bust.

The collapse of various pension funds from workers who had put money into those funds, which became totally lost. 

The collapse of various womens soccer league teams. 

The collapse of various hashtag currencies, like bitcoin.

The collapse of various financial trading environments at least three major ones: enron/madoff [madoff was a scapegoat] are two

What is my point? 

Black people in the usa keep talking about finance like the USA is some sort of successful place. The USA in my opinion, in the black history age of integration in the usa from 1980 to 2025 has been a complete financial failure that has only been kept alive because of a militaristic quality no one else has, and I can give examples in 1980 to 2025 from other white government to prove my point. 

 

When the whites who run hong kong, the eurasian billionaires, mishandled the economy of Hong Kong, they couldn't just pump money back into it. 

What happened is simple. At one time, Hong Kong had seventy percent of the incominc traffic to mainland china, today it has ten percent or less. Their neighbor macau focused on gambling and is striving. Hong Kong's white leaders mismanaged hong kong, but unlike the usa who has a military which allows welfare lifelines to be given to entire failed industries, hong kong has to accept the consequences, the negative sequences from poor financial management.

 

When the whites who run Argentina, the mestizo rich, mishandled the economy of argentina and their entire banking system collapsed, argentina couldn't just write their entire banking system a check and ward off other countries calling in for debt with their military power, they had to accept the consequences, the negative sequences from poor financial management. 

 

The USA's economy is completely mishandled, but the power of the usa miitary is so great that it allows the usa the ability to have forty strong years of failed industries across the board have their financial meltdowns paid for by the federal government. Thus maintaining the community of fiscally rich in the usa who in truth all went broke multiple times. 

 

IN AMENDMENT

THe Covid 19 scenario is again, another financial collapse. The USA military allows financial failure from its wealthiest, the non blacks, to not be rewarded with closure or termination as in liquidation as in a free financial market, but with welfare life lines as in a... militaristic empire, then how can the blacks treat finance as if it is really a numbers game? It isn't a numbers game but a militaristic powers game. Black people in the usa lack militaristic power the most.

 

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Prior Edition 

https://aalbc.com/tc/events/event/563-economic-corner-24/