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African American Literature Book Club

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Showing content with the highest reputation on 02/01/2025 in all areas

  1. What do Black folks have to show for their gross consumerism? It's not about a comparative example or following another group. It's about investing versus spending. Again, consumer spending isn't going to build a black economic infrastructure. Investing in the things we consume is the key. Reads like you believe I'm suggesting that consumer spending will build infrastructure. To be more clear...I'm suggesting that investing the money we spend consuming would be put to better use in building our own economic infrastructure. For example, Nike has made Michael Jordan rich but Jordan's name has made Nike wealthy. Before Nike got their hooks into him, imagine if Michael Jordan had been surrounded by people who could encourage him to brand himself. Several businesses could have built around his name. Right now, Jordan could be the king of athletic wear. Pulling in every other superstar Black athlete and entertainer would have created a Jordan industry. For whatever reason, despite having Black folks educated in every aspect of American business, yet we don't own a huge percentage of the sports and entertainment industries we dominate. All of the groups you have mentioned practice some form of group economics 101. That's how they build wealth and finance other endeavors. The funniest thing is that most groups of people do not prolifically produce a Michael Jackson, Prince, Michael Jordan, Oprah Winfrey, Kobe Bryant, Lebron James, Jay-Z or Beyonce, etc. Individuals around whom to build a brand or an industry. I get it that we would like to see those types of individuals pool their wealth and build the Black economic infrastructure. We have to provide them with blueprints before the white folks do.😎
  2. I know you're a proponent of wealthy Black folks investing in infrastructure. I'm definitely an advocate of that approach as well. Regardless of how it's done, we need to invest in these emerging technologies instead of merely being customers and consumers.😎

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