BEGIN:VCALENDAR VERSION:2.0 PRODID:-//InvisionCommunity Events 5.0.18//EN METHOD:PUBLISH CALSCALE:GREGORIAN REFRESH-INTERVAL:PT15M X-PUBLISHED-TTL:PT15M X-WR-CALNAME:RMCommunityCalendar NAME:RMCommunityCalendar BEGIN:VTIMEZONE TZID:Europe/London TZURL:https://tzurl.org/zoneinfo/Europe/London X-LIC-LOCATION:Europe/London BEGIN:DAYLIGHT TZOFFSETFROM:+0000 TZOFFSETTO:+0100 TZNAME:BST DTSTART:20260329T020000Z RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=-1SU END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:+0100 TZOFFSETTO:+0000 TZNAME:GMT DTSTART:20261025T020000Z RRULE:FREQ=YEARLY;BYMONTH=10;BYDAY=-1SU END:STANDARD END:VTIMEZONE BEGIN:VEVENT SUMMARY:Economic Corner 41 06/21/2026 DTSTAMP:20260622T071146Z SEQUENCE:0 UID:760-7-c3fe8195a3dde498d013e477e2142422@aalbc.com ORGANIZER;CN="richardmurray":noreply@aalbc.com DESCRIPTION:CONTENTThe following prime commentary was posted in the foll owing URLUniform Resource Locatorhttps://aalbc.com/tc/topic/12771-are-thin gs-better-today-than-40-or-50-years-ago/Prime Commentary@Pioneer1you asked the followingAre Things Better Today Than 40 or 50 Years Ago? and then yo u added specificity to your question with the folllowingHow many of you th ink the OVER ALL financial and social conditions in the United States....e specially for AfroAmericans...are better today than they were in the 70s o r 80s? Whether you say yes or no\, please state your reasonsMy replyI have to beak up your question into parts.PArt one\, is the financial condition in the united states for black people\, whether descended of enslaved \, willing immigrant\, indigenous \, or other is better forty or fifty years ago compared to today?Part two\, is the social condition in the united sta tes for black people\, whether descended of enslaved \, willing immigrant\ , indigenous \, or other is better forty or fifty years ago compared to to day?PArt 1 is a strict financial assessment. I argue the answer is no. But the why is fully supported.The first element that has to be answered with part 1 is \, what is the financial condition of the black populace in the usa or the european colonies that preceded it?To answer the question just mentioned you have to ask\, what was the first financial condition? The f irst financial condition matters for financial status isn't based on curre nt scenarioes most of the time. The easiest example is white european weal th in the usa. JP Morgan is a bank in existence today\, not because of the 1900s but because of 1492. why? jp morgans biggest accounts were from ens lavers. Enslavers largess in profits didn't come from sales but came from the acquisition on land absent market rate or legal conditions\, plus not having to pay an even wage and better\, below market rate. Unionized labor is most expensive. But\, competitive wage labor is second/like european s erfs. But\, enslaved labor saves money on serfs and non unionized labor. T hat largess in wealth allowed jp morgan to thrive and invest in other thin gs. It all stemmed from clients whom never had to pay for land or pay any decent amount for workers.Financially\, what is enslavement? Enslavement i s a condition of complete financial absence. No revenue\, no debt\, no any thing.So\, from 1492 to 1776 in the european colonies\, ninety nine percen t of black people had complete financial absence. No inheritance could be given to the future\, and they couldn't do any fiscal activity while alive . Now why did I say ninetey nine percent\, James Forten\, a real black man with a successful business in philadelp[hia before or after the colonies of england ceded from the english empire existed. one percent of black peo ple actually were business owners \, even while the law of the land was to not allow black people the status of human.Now from 1776 to 1865 enslavem ent of blacks to whites was legal at the federal level\, thus enslavement had no financial change from the creation of the usa.So\, from 1492 to 186 5 99% of black people in the colonies that became the united states of ame rica or the united states of america itself\, had complete financial absen ce\, no bank account\, no money\, no inheritance\, no financial value earn ed or provided or shared or saved.No in 1865 the war between the states oc cured and the federal government says black people are citizens. But\, two things occur simultaneously. First\, the white populace in each state in the union\, [mirrored by the growth of the original klu klux klan\, which inspired the creation of the federal bureau of investigation] worked to de stroy positive black financial activity. Second\, the federal government c hose to allow whites to terrorize black people \, allowed whites to commit illegalities plus crimes against black people in each of the states. The end of reconstruction when the army left the south [which would be reintro duced in the 1960s ] is the general image of this time\, in every state in the union\, the white populace couldn't or didn't deny black people were citizens\, but were allowed to terrorize black people using any method to stop positive financial activity.What is Jim Crow financially\, Jim Crow i s the maintenance of the financial condition of blacks enslaved to whites before the 13th amendment across the united states of america \, by each w hite populace in each state in the union acting against black people\, thu s not legally enslaving blacks but creating a complete environment across the usa by having each state be the same way\, all at the allowance of the federal government.And so Jim Crow has difference histories for each stat e in the union.In Mississippi or Louisiana or South Carolina or Georgia or similar \, Whites had to first burn or hang black people through straight terror to force black populaces to be small enough for a white majority t o control. Then after that the white populaces in each state used state la w or governance to herd black people into prison for open end terms based on any crime they wanted to rebuild the state\, maintain white land owners labor base by manipulating law until black laborers are indebted to white land owners forever\, and delete financial profitability of black towns l ike rosewood florida or black regions of cities like greenville in tulsa b y white terror \, regardless of the black town or black regions financial profitability. Thus today\, many and I argue the land to most black towns is owned by whites. Jim Crow ended in the 1970s\, because of the civil rig hts act. Which I argue the federal government did to curtail the financial condition of all the states\, who in 1965 were all dominated by white peo ple and in particular white christian males. From 1965 to 1980\, enough of the states financially changed to allow financial participation of blacks in them.Madam CJ Walker for Jim Crow proves like JAmes Forten for Enslave ment that a one percent of black people existed as successful\, revenue ea rning\, business owners.New York\, California\, oddly enough even Texas\, or similar allowed for Black financial participation for the ninety nine p ercent of black people in said states for the first time in 1980.But\, Mis sissippi\, Alabama\, Vermont\, Alaska\, Nevada\, and most others states in the usa in the gregorian year nineteen hundred and eighty had no financia l allowance for ninety nine percent of black people in said states.So\, fr om 1492 to 1980 \, black people in the usa \, circa ninety five percent\, were denied financial ability\, not merely opportunity but ability. It was n't like 99% of blacks were financially able\, 99% of blacks were financia lly disabled through white power.Now\, you asked forty to fifty years ago. So\, from 1980 to 2026 is the time you ask whether is better or worse fin ancially.I argue no\, because of the financial legacy of the black populac e. Ten percent of the black populace in the usa today is financially bette r off but the problem is the negative financial legacy that Black DOSers c arry.1492 to 1980 isn't zero\, it is negative.[White Revenue in 1492-1980 + absolute value (White Debt in 1492 to 1980)]* Time[1980 minus 1492]*[if White Revenue+ absolute Debt is greater than zero then return 1 if zero re turn -1]in paralell[Black Revenue in 1492-1980 + absolute value (Black Deb t in 1492 to 1980)]* Time[1980 minus 1492]*[if Black Revenue+ absolute Deb t is greater than zero then return 1 if zero return -1*(white value)]So a majority of Black people circa 90% have a highly negative financial legacy from their bloodlines past. That is not easily overcome.But to your quest ion\, nothing has changed financially\, because the overwhelming majority of black people\, from the many small impoverished black towns in the form er confederate states\, to the fiscally poor black segments of white citie s in the north or west or midwest\, I argue havent changed as they are as financially unable\, less than opportune\, as their enslaved forebears.No inheritance given to them from the past\, no money earned in their life\, no bank account\, no inhertiance able to be provided to any in the future. That is financial absence.Now\, to specifics\, Black DOSers are the large st black populace in the usa. They reflect the mentioned financially reali ty.Black Willing immigrants are split between pre civil rights act 1965 an d post civil rights act 1965.Marcus Garvey was an immigrant from the briti sh territory of Jamaica\, but he didn't present himself as a jamaican amer ican\, he presented himself as a black american. Why od I say this? Before the immigration act of 1968\, Black willing immigrants to the usa\, didn' t see themselves as from country over black\, they saw themselves as Black over from some country.The black willing immigrants pre immigration act\, melded into the Black DOS populace as Black peoples. What is the point? f inancially\, willing black immigrants before 1960s immigration act\, didn' t act isolated from the Black DOS populace. so in my view it is a financia l fusion.Now\, after the immigration act in he 1960s\, black willing immig rant populaces are defined by the country they come from.Black jamaicans\, black nigerians\, black indians\, and more. Why does this matter?First\, willing black immigrants post 1960s immigration act are financially broken up between their countries of origin. So\, the financial condition of the black populace in the usa\, in modernity\, has to be viewed as a set of g roups each with their own financial situation.DOSers+ each of the country based black populaces have their own financial condition.Now anyone can as k\, how to merge the financials of the black populaces in the usa... that will require the black populaces to make a concerted effort to do that. SO me in the 1960s worked on that \, but again\, white terror tooks it toll. as it did daily to 1492.My final point is\,while the majority of black peo ple in the usa\, have the same financial condition as their enslaved foreb ears \, as their jim crowed forebears did\, the black one percent\, from j ames forten through madame cj walker [who had her own brownstone designed and built by a black architect\, as well as her home upstate new york stat e\,\, ] to the oprah winfrey's/byron allen's or others.\, the Black one pe rcent has grown their wealth tremendously from 1980 to 2026. The black one percent is very wealthy and financially safe and has i argue the largest wealth gap\, larger than fiscally rich whites to fiscally poor whites.So t he ninety nine percent of the black completely enslaved populace from 1492 to 1865 became the black jim crowed ninetry five percent from 1865 to 198 0 and turned into the historically fiscally impoverished ninety percent fr om 1980 to today.But the black one percent in the totally enslaved days fr om 1492 to 1865 became the wealthy five percent during jim crow from 1865 to 1980 which is not the ten percent black fiscal elite from 1980 to 2026. Your second question isthe social condition in the united states for black people\, whether descended of enslaved \, willing immigrant\, indigenous \, or other is better forty or fifty years ago compared to today?First\, s ocio means a common brotherhood \, but is used to refer to an overall huma n condition. And my answer is \, Yes.While financially the history of Blac k people in the usa or the european colonies that preceded it has three pa rts: Enslavement 1492 to 1865\, Jim Crow 1865 to 1980\, Multiracial USA 19 80 to today. the birth of the usa mean nothing\, the civil rights act mean s nothing\, the world wars means nothing. many of the events that people o f all phenotypes\, deem relevant had no financial value to the majority of black people in the usa because of white terror.Socially\, the human cond ition of Blacks in the usa has gotten better in regions . For example\, in massachusetts\, the black populace has an exponential curve over time wit h positive relations to whites. the confederate states is exponential but aat far less growth or intensity.Social improvmenet isn't about money but treatment. How is a black person treated in the united states of america\, a white country? It has een exponential.IN CONCLUSION\, financially\, the overwhelming majority of blacks havent changed in the united states over all . Financially\, an extreme minority of blacks over the past forty year s have grown in wealth tremendously\, and have created the biggest gap bet ween the fiscal poor of their own populace. Said extreme minority hasn't g rown in populace exponentially\, but ther wealth has.Socially\, gardless o f financial condition\, it has been a slow growth. In opposition to the fi nancial terror white people placed on black people\, the social patchwork of whites have made zones of decency for black people to live variably in the usa in parallel\, not changing the financial condition but the social condition.Where from 1492 to 1980 the patchwork predominated. Mississippi isn't california\, Louisiana isn't New York. from 1980 to today\, as the u sa has become a multiracial country financially with enough non white euro pean christian male wealth in it\, to have a fiscally wealthy populace tha t has representation across the human spectrum\, the social condition has grown dramatically. And it is clear for all to see\, the usa has competing populaces over the future identity of the usa. IT hasn't gotten violent o r in aclear tribal multivide \, yet but it is headed that way\, unless som ething can preoccupy all groups to each groups benefit. But I don't see th at or comprehend that on the near horizon.Post SCriptWhen many people talk about the united states of america today\, they forget that the usa was a lways multiracial in the population\, but never multiracial in who ruled. white rules\, christian rules\, male rules\,heterosexual rules\, immigrant rules. And no matter what non whites like black folk\, non christians lik e muslims \, non males like woman\, non heterosexuals like homosexuals \, non immigrants like first peoples did\, whether success of failure \, they acted under white\, christian\, male\, heteroseuxal\, immigrant power.But \, in the near fifty years since nineteen hundred and eighty\, the multira cial growht among the fiscally wealthy has pushed the question of identity . A majoriy of fiscally poor whites who have a five hundred year heritage of winning over others\, absent merit \, using terror\, want to do it one more time. to non christians\, women\, blacks\, recent immigrants\, the na tive american. The problem is\, the culture the usa used to defeat the sov iet union in the media front was more costly than many whites realized. Th e cold war has been done for circa thrity years but women aren't going bac k to the kitchen\, blacks to the fields\, immigrants to their countries\, homosexuals to the shadows all for the white power community to have its p lace of domiannce as in the past.POST URLhttps://aalbc.com/tc/topic/12771- are-things-better-today-than-40-or-50-years-ago/page/2/#findComment-82093P RIOR EDITIONhttps://aalbc.com/tc/events/event/735-economic-corner-40-05162 026/NEXT EDITIONhttps://aalbc.com/tc/events/event/787-economic-corner-42-0 7262026/COMMENTARY DTSTART;VALUE=DATE:20260621 RRULE:FREQ=YEARLY;INTERVAL=1 END:VEVENT END:VCALENDAR