richardmurray Posted February 23 Report Posted February 23 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 https://www.tumblr.com/arinzechukwuture/775786027242635264/rev-dr-martin-luther-king-jr-speaks MLK on Fiscal Accountability https://aalbc.com/tc/profile/6477-richardmurray/?status=2532&type=status Prior Edition: https://aalbc.com/tc/topic/11502-economiccorner018/
ProfD Posted February 23 Report Posted February 23 16 minutes ago, richardmurray said: Black consumers possess immense economic power, with a purchasing power exceeding $1.7 trillion annually. That number is larger than the GDP of several countries combined. 1
richardmurray Posted February 23 Author Report Posted February 23 @ProfD I thought of you when i saw that cause i know you are a huge advocate for black nonviolent influence in the united states of america through collective purchasing power strategies. though i wish naacp would reveal how they calculated that number cause it doesn't quite add up per capita. If the black populace of the usa is sixty million, I raised it up, the purchasing power is one trillion seven hundred billion per year then that means the average black person in the usa spends 28,333 per year. That isn't true but I can see how it weighs out. Beyonce + Jay Z live in New York City, many people in NYC of all demographics live on the street, they make no money. But for a hundred black people in nyc living on the street, you have Beyonce on one side so Beyonce + JayZ can average out two hundred or more homeless black people. So I can see how you can get 1.7 x 10EXP12 if you include all black people , but here is my problem financially with that approach. Beyonce in her home in new york city is not the same as a homeless black person on the streets of new york city. Purchasing power is not the same for all financial levels in any populace. I prefer to see the national association for the advancement of colored people tout the purchasing power of the black financial elite, and then focus on them. Black people homeless in new york city, black people in a black town in the south absent water are not the black people who are even remotely able to have purchasing power as they can't earn or acquire the basics for themselves.
ProfD Posted February 23 Report Posted February 23 20 minutes ago, richardmurray said: though i wish naacp would reveal how they calculated that number cause it doesn't quite add up per capita. I prefer to see the national association for the advancement of colored people tout the purchasing power of the black financial elite, and then focus on them. Black people homeless in new york city... It really doesn't make a difference how the numbers are calculated as long as you're transfixed on your net position based on historical analysis and through the prism of Black poverty in NYC. The bottom line is that a small percentage of $1.7 trillion dollars could be used to finance a Black-owned version of Meta. 1
richardmurray Posted February 24 Author Report Posted February 24 well @ProfD 8 hours ago, ProfD said: It really doesn't make a difference how the numbers are calculated as long as you're transfixed on your net position based on historical analysis and through the prism of Black poverty in NYC. Well, financially I argue it always matters how the numbers are calculated. and thank you cause I am busy with other things but you made me want to find out where this number that was not cited came from. I do like to cite, as you may notice. And I found out and it reveals a problem. The historically white jewish funded national association for the advancement of colored people cites mckinsey a white firm and franklin templeton another white firm. I should had known that the numbers came from whites explaining to the negro about ourselves. Though FRanklin Templeton admitted some of their data comes from taking a very small set of black folk and extrapolating data from them, I will say this, positively. They all are correct that black owned firms suffer the same issues as black individuals. Black Enterprise should be the firm assessing this data. A black owned firm doesn't even exist that can create independently make a financial assessment on the black populace of the usa. February 28, 2023 - Archived Dimensions & Insights: The US$1.7 trillion economic bloc that many miss Filling consumers’ needs can bridge communities with entrepreneurs and companies, but biases can cause missed opportunities. Chief Diversity Officer Regina Curry discusses the increasing financial strengths of Black and African American communities, a projected US $1.7 trillion economic bloc in 2030. Regina Curry Chief Diversity Officer Let go of blind spots to reveal limitless ideas. Entrepreneurs, the business world’s dream makers, see many opportunities and needs from a consumers’ lens then imagine and manifest solutions. Filling consumers’ needs can bridge communities with entrepreneurs and companies, but biases can cause missed opportunities. Companies that have not viewed Black and African American consumers and investors as a priority demographic for generations have missed and underserved essential needs, such as food, housing, healthcare, broadband, banking, and investing.1 Yet, despite their financial invisibility to many, Black and African American communities and entrepreneurs continue to increase in financial strength: At US$910 billion in 2019 to a projected US$1.7 trillion in 2030, Black and African American-buying power continues to grow in the United States as a powerful economic bloc, matching the gross domestic product of Mexico, Canada, and Italy.2 The Black and African American-buying power boost developed from a rise in cohort businesses ownership, population, and educational attainment with more college graduates, and the youth cohort yet to reach peak earning and buying-power years.3 Not a monolithic economic bloc, Black and African American consumers have shifting and diversifying preferences.4 The 2020 US Census reported that while the Black or African American population alone grew 5.6% since 2010, the multiracial Black or African American “in combination” population grew 88.7%.5 Black and African Americans hold more investments in cryptocurrency, real estate trusts, ETFs (exchange-traded funds), and college savings plans as compared to the US general public, according to respondents in our recent survey study.6 Entrepreneurial activity increased from Black and African Americans as the overall US rate of entrepreneurship declined over the past 30 years. Black and African American women and millennials rose as the fastest growing groups of US business owners.7 Black and African American entrepreneurs start businesses more than any other US community.8 Funding these businesses and real-estate ventures remains one of the greatest wealth-building opportunities.9 Companies and entrepreneurs will find that serving Black and African American consumers, investors, and communities will cultivate markets that may seem invisible. We all benefit when we eliminate biases and build bridges that connect communities with economic opportunities for generations to come. Endnotes Source: McKinsey Quarterly, “The Black consumer: A $300 billion opportunity,” August 6, 2021. Source: McKinsey Institute for Black Economic Mobility, “Black consumers: Where to invest for equity (a preview),” December 15, 2021. [ https://www.mckinsey.com/bem/our-insights/black-consumers-where-to-invest-for-equity-a-preview ] Source: University of Georgia, “Minority Markets Have $3.9 Trillion Buying Power,” March 21, 2019. [ https://www.newswise.com/articles/minority-markets-have-3-9-trillion-buying-power ] Source: McKinsey Institute for Black Economic Mobility, “Black consumers: Where to invest for equity (a preview),” December 15, 2021. Source: United States Census Bureau, “2020 Census Illuminates Racial and Ethnic Composition of the Country,” August 12, 2021. Source: As of August 5, 2022, Franklin Templeton Investments, in partnership with Chadwick Martin Bailey, conducted a survey among a sample of 2,281 US adults ages 18 or older with at least $100K in investable assets. The sample includes key populations and audiences including: Millennials (298); Women 50+ (300); Latinx & Hispanics (295); Asian Americans & Pacific Islanders (299); Black & African Americans (595); LGBTQ+ (292); general population (502). Franklin Templeton Investments or any of its affiliates are not affiliated with Chadwick Martin Bailey. Sources: Entrepreneur, “Entrepreneurship and Millennials Are Thriving in Emerging Markets,” September 6, 2017; blackenterprise.com, “The Best New Way for African Americans to Invest In or Start a Business: Equity Crowdfunding,” February 8, 2018; and U.S. News & World Report, "Why the Rate of Black Business Ownership Is Going Up," April 13, 2022. Ibid. Source: “The Best New Way for African Americans to Invest In or Start a Business: Equity Crowdfunding,” February 8, 2018. WHAT ARE THE RISKS? All investments involve risks, including possible loss of principal. The value of investments can go down as well as up, and investors may not get back the full amount invested. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Investments in fast-growing industries like the technology sector (which historically has been volatile) could result in increased price fluctuation, especially over the short term, due to the rapid pace of product change and development and changes in government regulation of companies emphasizing scientific or technological advancement or regulatory approval for new drugs and medical instruments. Buying and using blockchain-enabled digital currency carries risks, including the loss of principal. Speculative trading in bitcoins and other forms of cryptocurrencies, many of which have exhibited extreme price volatility, carries significant risk. Among other risks, interactions with companies claiming to offer cryptocurrency payment platforms or other cryptocurrency-related products and services may expose users to fraud. Blockchain technology is a new and relatively untested technology and may never be implemented to a scale that provides identifiable benefits. Investing in cryptocurrencies and ICOs is highly speculative and an investor can lose the entire amount of their investment. If a cryptocurrency is deemed a security, it may be deemed to violate federal securities laws. There may be a limited or no secondary market for cryptocurrencies. The opinions are intended solely to provide insight into how securities are analyzed. The information provided is not a recommendation or individual investment advice for any particular security, strategy, or investment product and is not an indication of the trading intent of any Franklin Templeton managed portfolio. This is not a complete analysis of every material fact regarding any industry, security or investment and should not be viewed as an investment recommendation. This is intended to provide insight into the portfolio selection and research process. Factual statements are taken from sources considered reliable but have not been independently verified for completeness or accuracy. These opinions may not be relied upon as investment advice or as an offer for any particular security. Any companies and/or case studies referenced herein are used solely for illustrative purposes; any investment may or may not be currently held by any portfolio advised by Franklin Templeton. The information provided is not a recommendation or individual investment advice for any particular security, strategy, or investment product and is not an indication of the trading intent of any Franklin Templeton managed portfolio. URL https://www.franklintempleton.com/articles/strategist-views/dimensions--insights-the-ususd1.7-trillion-economic-bloc-that-many-miss Black consumers: Where to invest for equity (a preview) December 15, 2021 | Report Despite the unevenly distributed human and economic devastation of the COVID-19 pandemic, Black consumers’ collective economic power is set to expand dramatically, from about $910 Billion1 in consumption in 2019 to $1.7 trillion (in nominal dollars)—equal to the projected GDP of Mexico—in 2030. Even so, Black Americans are more likely than their non-Black counterparts to live in consumer deserts. Inequities in Black consumers’ experiences, such as higher prices in predominantly Black communities for the same products sold elsewhere, are the result of historic and systemic failures to meet the needs of Black families.2 Consumer research shows that Black Americans think they don’t receive fair or equitable treatment as consumers.3 For instance, 25 percent of Black survey respondents are dissatisfied with products and services that support their financial health and security. Only 15 percent of non-Black respondents feel the same way. These inequities stem from factors such as ongoing disinvestment in Black communities,4 and—crucially—they hinder human development, an integral system for driving economic mobility and sustainable inclusive growth. In this report, we argue that many consumer-facing companies lack credibility with Black consumers because their offerings do not adequately meet Black consumers’ tastes and needs. According to our research—based on surveys of 1,565 Black consumers and 1,932 non-Black respondents in 2021—the quality of offerings and experiences, and the channels through which they’re offered, is more important than price for Black consumers. But many companies are failing to deliver good value for the price. This is a problem for both consumers and companies, because Black consumers are highly engaged researchers and recommenders. Black consumers are a growing economic bloc—but not a monolithic one—and their preferences are shifting and diversifying as they attain increasingly high levels of education. Addressing these challenges requires consumer-facing companies to make visible, authentic, and effective commitments to focus on—and meet—Black consumers’ needs, an increasingly fundamental part of their strategic agendas. Indeed, our research suggests that Black consumers’ hearts, minds, and spending power can be won and kept by recognizing and serving their aesthetic, social, and cultural needs. In other words, serving Black consumers well is socially and civically valuable—an investment in companies’ social license to operate. Black consumers in all seven segments and 12 neighborhood archetypes we identified are underserved (without a grocery store or retail location within a mile),5 but investments in Black consumers can help create Black wealth and community-level prosperity. In addition to increasing access to Black-owned brands and supporting their growth, we estimate that the grocery and retail sectors can gain $45 billion in additional revenue by opening 10,000 new stores in predominantly Black metropolitan communities and—crucially—can provide access to consumer options for 10.5 million consumers of diverse races. In this report, we will show in broad strokes that integrating broad racial-equity goals into consumer businesses has both social and commercial benefits. It builds on our existing work on meeting the increased demand for products and services from Black-owned brands and serves as a preview of upcoming in-depth explorations on topics that affect Black consumers. We first outline Black consumers’ spending patterns, demographics, and geographic attributes by identifying 12 community archetypes. In the second section, we discuss Black consumers’ preferences and shopping experiences in key areas of consumption and highlight unmet needs. The discussion addresses categories across four themes: living necessities (such as groceries), modern and working essentials (such as consumer technology), financial health and income security (such as banking), and culture, expression, and connection (such as beauty). Brand equities—factors that affect purchasing decisions—vary for different consumption themes and categories. However, we have found that Black consumers are distinguished by their emphasis on brands’ trustworthiness, stated social mission, credibility among Black communities, and clean or healthy products. In the final section, we outline the scale and types of investments consumer-facing companies should make—with the help of a variety of stakeholders—to better serve Black consumers and win their loyalty. Companies can start by applying the principles behind broad racial-equity goals to address consumer pain points that disproportionately affect Black Americans. To be sure, the actions of consumer companies are only one piece of the long-term work of dismantling the structures that constrain Black Americans’ experiences and lives. But getting to know Black consumers with the goal of understanding how and where to invest in them is a start. To meet Black consumers’ needs, companies should first understand these consumers’ current position in the economy and where they live. In forthcoming publications we will explore the interplay among Black consumers’ growing economic power, their geographies, and the consumer segments in which they fall. For now, these factors serve as context for our exploration of Black consumers’ unmet needs and the actions required to meet them. More consumption dollars up for grabs Black consumers’ economic might is projected to mushroom from about $910 billion in consumer spending in 2019 (Exhibit 1, part 1) to $1.7 trillion (in nominal dollars) in 2030. Geographically, this spend is spread out across the country, with the top 30 markets representing $250 billion or over 25 percent of Black consumption (Exhibit 1, part 2). Income growth among Black consumers has been 0.6 percentage points higher than that of their White counterparts and is fueled by the simultaneous growth of the Black population (measured by the number of households) and the growing number of households headed by people with higher levels of education.6 Twelve neighborhood archetypes Using US Census data from 2010 to 2019,7 we identified 12 distinct types of neighborhoods where Black consumers live and divided them into categories based on access to consumer options and population density (Exhibit 2). Commercial urban spaces 1. Young cosmopolitan districts have above-average household incomes and inclusive growth. They have the highest rate of net income growth from 2010 to 2019 of all the neighborhoods we identified (including for Black residents) and among the highest numbers of storefronts per census tract. These neighborhoods also have the most educated residents (across racial groups), who also tend to be young. These factors also mean that these formerly redlined neighborhoods are the most expensive to live in and have seen the fastest displacement of Black residents. Examples include the Bedford-Stuyvesant neighborhood in Brooklyn, NY, and South Loop in Chicago, IL. 2. Young, economically inclusive neighborhoods are middle-class neighborhoods distinguished by their potential for inclusive growth—Black and non-Black households hold very similar levels of income, and these neighborhoods have supported continued household and income growth for Black residents. They also trend young and retail-oriented, with high numbers of storefronts per census tract. Examples include Brooklyn Center in Minneapolis and Western Gwinnett County, GA, outside of Atlanta. Retail-oriented greater metro areas 3. Affluent and exclusive communities are high-growth, retail-oriented neighborhoods with high average household incomes and accompanying characteristics, such as high broadband penetration and high rates of homeownership. However, these neighborhoods are notable for their low levels of economic inclusion; they have the highest rents and disproportionately low numbers of Black residents, in part because of high levels of displacement from 2010 to 2019. Examples include many of the localities in Middlesex County, MA, in Greater Boston or Westchester County, NY, in Greater NY. 4. Vibrant multicultural districts stand out for their diversity, economic growth, and economic outlook. They have grown their Black populations and—significantly—support high rates of Black social mobility as measured by the percentage of children from these areas who reach the top income quintile as adults. Examples include parts of Prince Williams County, VA, and Northwest Montgomery County, AL. 5. Exurban areas & commuting zones are lower density communities with developed commercial areas, lower-than-average Black populations, and a lack of indicators of Black economic vibrancy, such as high Black household incomes, levels of education, and broadband penetration. Examples include parts of Southeastern, KY, like Knox County. Noncommercial urban spaces 6. Urban and Black economic growth centers are less commercially developed urban neighborhoods whose residents are economically successful and have above-average levels of education, income, and household wealth. These neighborhoods are split between higher-than-average shares of Black residents and lower diversity areas. However, they have the highest levels of housing costs and one of the largest Black-White gaps in economic mobility. Examples include, the Flatbush neighborhood in Brooklyn, NY, or parts of neighborhoods in northwest Washington, DC, including Takoma Park and Brightwood. 7. Stable up-and-coming working-class areas are middle-income neighborhoods with high levels of inclusive growth, demonstrated by increasingly educated residents, strong income growth for Black residents, and modest growth in their Black populations from 2010 to 2019. However, these neighborhoods also have relatively low levels of access to consumer options. Examples include the Back of the Yards neighborhood in Chicago, IL, and the North end neighborhood in Detroit, MI. 8. Households in emerging urban working-class locales are younger than those in other neighborhood types and have the lowest incomes. However, Black and non-Black households have comparable incomes, and economic mobility for Black residents is relatively high. These neighborhoods’ Black populations have grown by about 13 percent from 2010 to 2019. Examples include the Spanish Harlem neighborhood in New York, NY, and the neighborhood of Little Haiti in Miami, Florida. 9. High-potential urban core neighborhoods have the lowest incomes and have seen their Black populations decrease from 2010 to 2019. However, these communities show a hint of potential in that the incomes of Black residents who remain have grown faster than those of other groups. Examples include the neighborhood of Englewood, Chicago, IL or Red Hook in Brooklyn, NY. Greater metro areas with less commercial access 10. Upwardly mobile Black communities are marked by significant growth in their Black populations from 2010 to 2019, the highest rates of Black social mobility and wealth, and comparable levels of education and household income between Black and non-Black residents. Other signs of wealth building and upward mobility are above-average rates of broadband penetration and a high number of storefronts per census tract. Examples include Baldwin Hills in Los Angeles, CA, much of Prince George’s County in MD, and North Fort Worth, TX. 11. Small town areas & urban hideaways are very low-density neighborhoods that combine some of the highest numbers of storefronts per census tract with the lowest score for Black social mobility among all the neighborhood types. These neighborhoods have the highest incomes for low-density areas and are affordable, but population-growth rates are low. Examples include places in Macomb County outside of Detroit, MI, and Allegheny County outside of Pittsburgh, PA. 12. Rural (and low-density) outskirts have low numbers of storefronts per census tract, with no significantly favorable signs of economic growth. These neighborhoods are relatively affordable for lower-middle-income residents, but Black households earn significantly less than their non-Black counterparts. These neighborhoods have lost population from 2010 to 2019, with slight increases in their Black populations. Examples include southwestern Montgomery County in Alabama and Southern Mississippi. These geospatial insights can help companies understand the needs and challenges of Black consumers at the neighborhood level. Our research revealed that Black consumers’ unmet needs along the dimensions of access and quality—not including future growth—are worth $300 billion per year in consumer spending: $260 billion that consumers are willing to reallocate and up to $40 billion in new spending. Black consumers’ high willingness to explore new products and services—81 percent of Black survey respondents are willing to switch brands—suggests that dissatisfaction with their current options is widespread. We found that the leading cause of dissatisfaction among Black consumers was a lack of evidence of diversity, equity, and inclusion efforts, such as marketing and outreach that do not feature people they recognize as representative of them (Exhibit 3). However, sources of delight for Black consumers are authoritative brands and products that are associated with cultural cachet and credibility, that are inclusive, and that inculcate feelings of trust, pride, and affinity based on cultural values. In search of these attributes, Black consumers are more likely than non-Black consumers to conduct in-depth research (56 percent do) and to value personal recommendations, including one-on-one discussions with sales professionals (53 percent prefer to shop where they can get help). Capturing the attention of Black consumers can lead to long-term loyalty: 68 percent of survey respondents reported that they’re loyal to brands that satisfy them. Significantly, commercial outperformance with Black consumers can help brands win outsize market share with that population (Exhibit 4). Despite their desire to patronize culturally resonant products and services offered by Black-owned companies, Black consumers are actually less likely than their non-Black peers to be aware of and to purchase products from Black-owned companies. These companies face obstacles when scaling, growing, and thriving, struggles that mirror the obstacles facing Black Americans in the wider economy. Finally, convenience is a persistent driver of dissatisfaction across categories. Despite the growth of online shopping, geography-based issues of access and availability continue to plague many neighborhoods where Black families live. This reinforces the pivotal need to frame geography and consumer needs together to ultimately create workable solutions. For a more in-depth view of Black consumers’ needs and priorities, we examined our survey respondents’ preferences in four consumption themes: living necessities, modern and working essentials, financial health and income security, and culture, expression, and connection. (Of course, Black consumers are not monolithic. For more on our analysis of Black consumer segments, see sidebar, “Seven Black consumer segments.”) Living necessities Living necessities support physical health and safety and enable basic civic engagement. For this consumption theme, we focused our analysis on food that is consumed both in and outside the home. The brands that outperform in this category are distinguished by healthy options, large assortments, and efforts to reflect Black consumers—in the form of Black leaders in their companies and public commitments to combat racism. Our research found that compared with 2019, Black consumers are seeking healthier, better-quality options for food—consumed both in and outside the home—that also fulfill their need for convenience (including availability) and affordability. Black survey respondents listed “the freshest possible ingredients” and “good value for money” in their top ten considerations and culturally relevant concepts. Non-Black respondents did not. Further examination of Black consumers’ research and switching behaviors is needed to better understand and engage them. Indeed, Black respondents are more eager to explore healthy and upmarket grocery options—including organic and specialty ingredients—than their non-Black counterparts. Significantly, the availability of organic foods at the grocery store was rated as important by 43 percent of Black respondents, compared with 36 percent of non-Black respondents. Black respondents are also more likely to be excited to explore products that are new to them. Health considerations are also prominent in decisions around restaurant selection. We found that Black consumers value fresh ingredients and variety above other considerations. Sixty-two percent of Black respondents said they select restaurants based on the availability of healthy ingredients, compared with 47 percent of non-Black respondents. Indeed, 44 percent of Black respondents who reported spending less over the past two years on fast-casual and quick-service restaurants said the change was due to increased health-consciousness. By contrast, only 34 percent of non-Black respondents had the same feedback. To be sure, convenience—especially accessibility—and affordability are evergreen considerations that still often win out over healthfulness. Consider that 37 percent of respondents think eating at fast-casual restaurants is less costly than eating at home, and 43 percent think these establishments offer the same product that full-service restaurants do at lower prices. Fast-casual restaurants are perceived to serve food that is less healthy than freshly prepared foods, but Black respondents still patronize them: Black consumers are eight percentage points more likely than their non-Black counterparts to have ever spent money at a fast-casual restaurant. This suggests that affordability and convenience sway Black consumers. Significantly, Black consumers are 13 percentage points more likely to expect to spend more on fast-casual restaurants in the future. Compared with their peers, Black consumers are more enthusiastic about researching and trying new restaurants. Consistent with their behavior in other categories, Black consumers perform more research on their options than non-Black consumers do, leaning on the recommendations of friends and family; 60 percent of Black consumers consult friends and family before trying a new restaurant, compared with 51 percent of non-Black consumers. Black consumers are also 11 percentage points more likely to switch restaurant brands. This behavior may be linked to the enjoyment they derive from discovering new restaurants. Depending on the type of restaurant, Black consumers are nine to 12 percentage points more likely to say they enjoy trying new dining options. In fact, a greater share of Black consumers said they are likely to be the first of their friends to try new restaurants. These pioneers make up 33 to 39 percent of Black respondents, compared with 22 to 23 percent of non-Black respondents. Modern and working essentials Working essentials are products and services that help people manage their productivity, the flow of information, and physical and digital connectivity between home and work. Product categories within working essentials include consumer technology, transportation, and non-luxury clothing. While satisfaction in these categories tends to be greater than 80 percent for all consumers, companies can capture a greater share of Black consumers’ future spending by improving Black consumers’ access to goods and perception of value. Our research shows that Black consumers diligently research their options and care deeply about value for money—the quality and fit, both figurative and literal, of their purchases—far more than about price alone. They make sure to resolve any questions they have about prospective purchases to confirm their quality. They also seek distinctive customer experiences and brands that reflect their identities and values. Consider consumer technology. We found that Black consumers are more likely than other groups to have increased their spending on consumer technology in recent years, but consumer-technology companies should invest in securing their loyalty. Specifically, Black consumers are more focused than other respondents on tangible product benefits such as screen quality, and they are willing to switch brands if they can either get better value for money or see themselves in the brand. Then there is transportation. We found that Black consumers research their options diligently and are generally open to considering a variety of vehicles, but tend to make their ultimate purchasing decisions based on affordability and financing. During the shopping process, 35 percent of Black consumers do not have a target brand in mind, compared with 28 percent of non-Black respondents. However, the drive for affordability often makes the difference between making a purchase and extending a search; 57 percent of Black respondents said their most recently purchased car was preowned, compared with 47 percent of non-Black respondents; 91 percent of Black respondents who purchased used cars cited affordable pricing as the top reason, compared with 83 percent of non-Black respondents. The majority of Black survey respondents said they purchased their cars through the sales channel that offered the best financing terms. Only 61 percent of non-Black respondents did the same. Despite these efforts to achieve the best possible financial outcome, the average Black consumer spends $2,000 more on auto financing than the average White consumer.8 When it comes to apparel, Black consumers are interested, but apparel brands have not always returned that interest. Black consumers are more aware of established brands—including designer brands—than non-Black consumers are. However, Black consumers are also dissatisfied with current offerings, particularly business attire, swimwear, and formalwear. In fact, Black survey respondents said that current offerings from the apparel industry are low quality and untrustworthy. Poor customer experiences reinforce this negative perception. Black consumers say the quality of customer service is often inadequate, staff may not be knowledgeable about products, and, in the case of discount retailers, the shopping experience may be poor. Many Black consumers conclude that online shopping is better. They are more likely than non-Black consumers to engage directly with brands online—browsing their sites, social media accounts, and written reviews. One apparel brand that currently has an 85 percent satisfaction rate among Black respondents (compared with 70 percent among non-Black respondents) has a history of publicly supporting Black cultural figures. The company is further investing in Black communities by launching an initiative for youth from marginalized communities. It’s also tying executive compensation to achievement of the company’s workforce diversity and inclusion goals. Financial health and income security Financial health and income security support income smoothing, wealth building, and insurance against economic shocks and risks. Black consumers are at a significant disadvantage when it comes to wealth building, because they are historically underserved—and sometimes discriminated against9—by financial-services companies; dissatisfaction with insurance products is widespread, and 32 percent of Black consumers were underbanked as of 2019,10 the most recent year for which we could find data. Such households stand to lose $40,000 over the course of a lifetime in higher fees. These discrepancies contribute to a historically fraught relationship between the sector and Black consumers, who experience these products as untrustworthy, low value for the cost, and not attuned to their needs. By contrast, Black survey respondents say that some digital-payments services have won them over with their accessibility, ease of use, and trustworthiness. Increasing access to mainstream financial products and advice is socially, economically, and morally critical. But first, financial institutions should invest in establishing credibility and trust with Black consumers and draw on lessons from adjacent sectors such as fintech, whose products are considered more accessible and easier to use, especially on mobile devices. Black consumers who do want to use traditional financial services face structural hurdles that make these products and services hard to access. Black households are 50 percent more likely than non-Black households to live in areas with limited broadband service, which presents obstacles to online banking. A few mainstream financial institutions are making strides toward more equitable experiences for Black communities. One credit-card issuer offers zero-fee cards and made a commitment to invest $500 million in services, products, and spending in Black communities. Another major bank opened branches to provide underserved communities with resources and tools, and publicly committed $30 billion toward racial-equity goals. Culture, expression, and connection Products in this category foster expression and connection and support individuals’ and communities’ well-being, enjoyment, and happiness. Crucially, these products help people replenish their mental, spiritual, and emotional energy. Because these products are often personally significant, credibility, trust, and getting the offerings right—making them a good personal and cultural fit—are key. A solid product section, including local options, can be valuable. Finally, another theme is connecting through community via referrals and through trusted spokespeople via digital channels. The significance of this theme may be one reason why 70 percent of Black respondents say finding the right product is more important than price. In search of the right fit, more than 75 percent of Black consumers are willing to switch, even though this category has the highest level of satisfaction out of the four consumption categories. Even where Black consumers are more satisfied with beauty products, 83 percent are still willing to switch brands. Our research found that the attributes Black consumers value in beauty products are generally centered on the products’ ability to foster positive feelings about themselves (confident, beautiful) and about the brand (trust). Endorsements from trusted figures such as friends, family, and reputable celebrities are more likely to sway Black consumers’ purchasing decisions than those of non-Black consumers. The dissatisfaction Black consumers feel is related to the quality of products (a concern all consumers share), their environmental impact, and their ability to meet the needs of consumers’ racial group. Black consumers’ complaints about shopping channels generally focus on in-store pricing and assortment and on customer service—including a failure to cater to Black consumers. Another sector in which consumables are important to Black consumers is health and wellness. Black respondents prefer consumables, such as dietary supplements, to experiences such as fitness classes. Black consumers are 15 percentage points more willing than non-Black consumers to switch brands, especially for lower prices and promotional offers. In fact, branding is less important than product quality. As an overall consumption theme, quality is an important consideration in expression and in connection. One successful beauty brand—whose products were purchased by 50 percent of Black respondents in the past year, 29 percentage points higher than by non-Black consumers—optimized its products for price to value, channel, and social mission. The CEO of the brand is a Black woman. The brand’s parent company created a racial-equity task force in 2021 and committed to spending more than $2 billion per year with suppliers owned and managed by marginalized groups by 2025. Sustainably addressing Black consumers’ pain points requires immediate and ongoing investments in racial equity, particularly in organizational capabilities. Done right, those efforts can meet Black consumers’ needs, earn their trust and loyalty, and unleash economic value for historically marginalized communities. Anything short of that is likely to result in failure. We have identified ten broad actions for consumer-facing companies based on our framework for building inclusive organizations (Exhibit 5). 1. Employ a workforce that is representative of—and personally and culturally connected to—the communities and places served. This means not only hiring from the communities in which companies operate, but employing decision makers, leaders, and marketing professionals who understand and can speak to Black consumers’ communities. 2. Champion the hiring and promotion of Black workers into roles with decision-making power,*particularly profit-and-loss responsibility. Over time, these habits and norms should produce more inclusive and equitable workplaces where Black workers feel a sense of belonging and are valued and respected as much as their White counterparts. 3. Align environmental, social, and governance (ESG) agendas and lobbying and philanthropic efforts with the goals of sustainable and inclusive economic growth. For example, companies should raise or commit capital to help scale equitable commercial development in underserved consumer markets. 4. Ensure that offerings are consistent with ESG commitments. For instance, companies should discontinue products and services—such as high-interest loans that can become functionally predatory—that have been shown to harm Black communities. 5. Institute policies and guidelines to ensure that Black communities are treated fairly and with dignity. For instance, abolishing in-store monitoring policies that disproportionately target Black shoppers can help restore trust between communities and the companies that want to serve them. 6. Ensure that a full range of products, especially offerings that offer good value for the price and affordable offerings, are accessible to Black communities. 7. Ensure supplier diversity, and stock products from Black-owned and Black-focused brands in all channels. 8. Invest in growth and consumer access in underserved and disinvested Black communities by expanding the presence of physical stores and points of distribution to facilitate e-commerce. 9. Ensure inclusive and diverse marketing content that is free from bias and fluent in Black cultures and Black narratives. 10. Invest in R&D, M&A, and product design to develop offerings and acquire capabilities to meet Black consumers’ needs. Nick Noel is a consultant in McKinsey’s Washington, DC, office; Sara Prince is a partner in the Atlanta office; Sara Providence is a consultant in the New Jersey office, where Shelley Stewart III is a partner; and Brian Rikuda is an alumnus of the Bay Area office, where Ammanuel Zegeye is a partner. The authors wish to thank Jane Brennan, Brian Cooperman, Golden Daka, Gabrielle Halaby, Kori Hill, JP Julien, Mohanaditya Karampudi, Aaron McGee, Alison O’Connor, Duwain Pinder, Soyoko Umeno, Zooey Wilkinson, and Monne Williams for their contributions to this report.The most direct way to execute on these goals would require an investment of $6 billion (in 2021 dollars) in the grocery sector and $8 billion in the retail sector. Working in partnership with various stakeholders across sectors, these investments would help to open about 10,000 new stores and distribution points that facilitate e-commerce over a decade—still less than 10 percent of new retail store openings every year—in Black metropolitan communities. Significantly, we estimate that the investment would benefit about 3.5 million Black consumers and 7.0 million non-Black consumers.11 In addition, this investment—combined with the pursuit of the racial-equity goals we outline above—can drive spillovers that support economic mobility across the different areas of economic activity. These investments can help sustain at least 79,000 additional Black-owned businesses, 314,000 more Black decision makers, and $26 billion in wages from decision-making roles alone, in addition to other fiscal resources that these can generate that can further drive benefits for communities. These investments to improve consumer participation can also advance participation for savers and investors, workers, business owners, and residents.12 A revamp of the relationship between consumers and the companies that want to serve them is a crucial part of the larger work of building a social and economic environment that fosters equitable human development. The benefits will ripple throughout communities and economies. Companies should take the lead. We will explore how they can do that—and related topics that affect Black consumers—in upcoming articles. URL https://www.mckinsey.com/bem/our-insights/black-consumers-where-to-invest-for-equity-a-preview#/ Minority Markets Have $3.9 Trillion Buying Power 21-Mar-2019 8:55 AM EDT, by University of Georgia Newswise — Every racial and ethnic minority group in America is making financial gains but not at equal rates, according to the latest Multicultural Economy Report from the University of Georgia. The annual report calculates the consumer buying power—or total income after taxes—for minority markets in the U.S.: African-Americans, Asian-Americans, Hispanics and Native Americans. The Multicultural Economy Report is published by the Selig Center for Economic Growth, a unit of UGA’s Terry College of Business. The sustained growth of the U.S. economy culminated in an estimated $14.8 trillion of buying power nationally in 2018, an increase of 100 percent since 2000 and 30 percent since 2010, with the biggest percentage gains occurring in minority markets. The combined buying power of blacks, Asian-Americans and Native Americans is estimated to be $2.4 trillion, while the nation’s Hispanics command $1.5 trillion in spending power—larger than the GDP of Australia. “The economic expansion has been quite good in recent years, and we’re still seeing the benefits of that for every group in America,” said Jeff Humphreys, Selig Center director and author of the report. “While minority markets are certainly enjoying more buying power than ever before, the rate of growth differs. We find the largest percentage increases in the Asian and Hispanic markets, followed by relatively slower rates of growth in the African-American and Native American populations. Whites comprise the largest share of the U.S. market, but have the slowest percentage rate of buying power growth.” While buying power is increasing across the country, the biggest gains come from Western states. The top 10 states with the largest percentage increase in total buying power since 2000 are Utah (156 percent), North Dakota (150 percent), Wyoming (143 percent), Texas (137 percent), Washington (131 percent), Arizona (131 percent), District of Columbia (130 percent), Montana (125 percent), Nevada (122 percent) and Idaho (118 percent). The five slowest-growing states since 2000 are Michigan (57 percent), Illinois (71 percent), Ohio (74 percent), West Virginia (75 percent) and Missouri (76 percent). Black buying power African-American buying power has seen impressive gains since the end of the last economic downturn, jumping from $961 billion in 2010 to an estimated $1.3 trillion in 2018. Since 2000, the African-American market has seen a 114 percent increase in buying power. The boost is the result of a surge in black-owned businesses, increased educational attainment and booming population growth. The percentage of African-Americans who completed college continues to rise (23 percent in 2017, up from 17 percent in 2000), and the population is growing at 22.7 percent since 2000, faster than the national average of 16.3 percent. The youthfulness of the African-American population skews the group’s buying power downward, as a larger share of the population have yet to hit their peak earning years. The 10 states with greatest black buying power growth since 2000 are North Dakota (1,051 percent), South Dakota (502 percent), Idaho (375 percent), Wyoming (339 percent), Vermont (320 percent), Arizona (265 percent), Montana (255 percent), Maine (243 percent), Utah (235 percent) and New Hampshire (226 percent). All have flourishing African-American consumer markets, but none is among the nation’s 10 largest black consumer markets. Native American buying power Although comprising only 1.3 percent of the country’s population, the buying power of Native Americans is estimated to be $115 billion in 2018, a 185 percent increase since 2000. The gains are due in part to rapid population growth, which has increased 55 percent since 2000, and is projected to grow another 7 percent by 2023. Entrepreneurial activity also played a key role in boosting the Native American market. For example, American Indian- and Alaska native-owned businesses grew 15 percent from 2007 to 2012—five times more than the total number of all U.S. business growth. Ranked by the growth of Native American buying power since 2000, the top 10 states are Texas (279 percent), Rhode Island (264 percent), Pennsylvania (247 percent), New York (241 percent), Maryland (234 percent), Massachusetts (233 percent), Illinois (230 percent), Virginia (228 percent), Delaware (225 percent) and Utah (224 percent). Many of these states have relatively small, flourishing markets, but Texas and New York stand out as the third- and fifth-largest Native American consumer markets in the nation, respectively. Asian-American buying power Asian-Americans command an estimated 6.2 percent of the nation’s total buying power, roughly $1 trillion. The 267 percent increase since 2000 makes the Asian market the fastest-growing minority market in the country, with a buying power greater than the gross domestic product of Turkey. Indian Americans comprise the largest subgroup of the Asian-American market and account for $283 billion (28 percent) of the group’s buying power. Chinese-Americans (except Taiwanese) are second in terms of buying power, making up 23 percent of the U.S. Asian market ($233 billion) but are the largest population. Filipino-Americans constitute the third-largest group both in population and buying power, accounting for $146 billion or 14.4 percent of the market. The fifth most-populous group is Korean-Americans, who rank fourth in terms of buying power with $81 billion or 8 percent of the U.S. Asian market. Vietnamese-Americans are fifth in terms of buying power ($73 billion), but fourth in terms of population. The Asian-American market is buoyed by booming population growth, which includes strong immigration, high educational attainment, increased entrepreneurship, and an overwhelmingly urban population. Ranked by the rate of growth of Asian buying power since 2000, the top 10 states are: South Dakota (497 percent), North Dakota (479 percent), Arkansas (449 percent), Vermont (445 percent), North Carolina (422 percent), Texas (414 percent), Arizona (387 percent), Georgia (369 percent), Nevada (361 percent), and Indiana (357 percent). While Texas is the only state that also ranks among the nation’s 10 largest Asian consumer markets (at third), Georgia (13th) and North Carolina (15th) are also among the nation’s most rapidly emerging Asian markets. Hispanic buying power The $1.5 trillion Hispanic market is the largest ethnic market in the U.S., and includes more than one out of every six Americans. It is the second-fastest growing minority market in the U.S., rising by 212 percent, or $500 billion, since 2000. Mexican-Americans comprise the largest of the Hispanic subgroups, accounting for $881 billion in buying power or 57.2 percent of the Hispanic total. Puerto Ricans are second-largest group in terms of buying power, commanding $158 billion or 10.3 percent of the Hispanic market. Central Americans are the third largest, with a $137 billion market share or 8.9 percent of the total. South Americans rank fourth, with 8.7 percent ($135 billion) of the U.S. Hispanic market, and Cuban-Americans are fifth, accounting for $83 billion. The 10 states with the greatest Hispanic buying power growth since 2000 are North Dakota (656 percent), South Dakota (513 percent), Arkansas (370 percent), South Carolina (368 percent), Tennessee (351 percent), Maryland (340 percent), Oklahoma (332 percent), Montana (330 percent), Pennsylvania (327 percent) and Kentucky (322 percent). Of those, only Pennsylvania (No.12), Maryland (No. 17) and Oklahoma (No. 24) are among the nation’s 25 largest Hispanic consumer markets in 2018. The Selig Center for Economic Growth Created to convey economic expertise to Georgia businesses and entrepreneurs, the Simon S. Selig Jr. Center for Economic Growth at the University of Georgia conducts research on economic, demographic and social issues related to Georgia’s current and future growth. Through its range of projects—major economic impact studies, economic forecasts, information services and data products—the center’s efforts help inform business decisions and public policy directions. In doing so, the Selig Center has become the Terry College of Business’s most visible public service unit. URL https://www.newswise.com/articles/minority-markets-have-3-9-trillion-buying-power 8 hours ago, ProfD said: The bottom line is that a small percentage of $1.7 trillion dollars could be used to finance a Black-owned version of Meta. And your correct, though i have proof above to doubt the financial evaluation, cause mckinsey/frnaklin templeton have a vested interested in positive financial assessment. the government or major financial firms in the usa historically give positive assessments based on short data , it is usa propoganda style. But, one percent of 1.7 trillion is seventeen billion. If one million black men were to invest in seventeen billion that would be seventeen thousand a head. yeah ok. I think a million black men exist who can get seventeen thousand each from their own personal investment or through loan. Now what kind of website? ... that is a whole other animal, many websites have failed, and replicas rarely do. Meta is a collection of facebook/instagram/whats app/threads/+others. and just like in our prior dialog, who to trust is another question? I have no idea who in the black populace, individual or organization, in the usa can be trusted with seventeen billion. That is a lot of money. And it matters, any body black can complain black dollars not being collectively used but if said complainer can't provide a black person to trust with the money then said black complainer is being dysfunctional. My last point is, this is a one time scenario. If a black person or organization is found who is trusted by the black masses in the usa + the million black people put seventeen thousand a head, if the website fails, I can't see why a similar call is warranted. Success breeds continuity. Failure breeds termination.
ProfD Posted February 24 Report Posted February 24 Whether it's $910 billion or $1.7 trillion dollars, a small percentage of that purchasing power of Black folks can be invested instead of wasted on consumerism. 8 hours ago, richardmurray said: My last point is, this is a one time scenario. If a black person or organization is found who is trusted by the black masses in the usa... Trust or lack thereof is another recurring theme in your diatribes. It's easy enough to put structures in place to manage large sums of money. Establish an investment bank. A board. An oversight committee. 8 hours ago, richardmurray said: + the million black people put seventeen thousand a head, if the website fails, I can't see why a similar call is warranted. There's more than one way to raise $17 billion dollars. I've already mentioned that Black churches raise $11 billion annually. Members don't get anything tangible in return. Maybe the investment board/oversight committee should include Black preachers too. 8 hours ago, richardmurray said: Success breeds continuity. Failure breeds termination. Doing nothing will definitely breed similar results. No risk. No reward. 1
richardmurray Posted February 24 Author Report Posted February 24 @ProfD 50 minutes ago, ProfD said: Whether it's $910 billion or $1.7 trillion dollars, a small percentage of that purchasing power of Black folks can be invested instead of wasted on consumerism. We concur that seventeen billion , one percent of 1.7 trillion can be collected to invest and I at least accept that is a reachable value with a million black people of a certain financial profile. 52 minutes ago, ProfD said: Trust or lack thereof is another recurring theme in your diatribes. It's easy enough to put structures in place to manage large sums of money. Establish an investment bank. A board. An oversight committee. Easy? this is another place where you or I differ. You seem to trust investment banks and a board and an oversight committee as if these things can not financially abuse and take advantage of any group putting their money in and my reason for the recurring theme is the truth, the black populace in the usa has a long history of being cheated in collective financial actions. Do you deny the legacy of the Freedman Bank ? Do you deny the legacy of how black people were treated in the great depression, no black person got any of their money back when the banks failed , some whites did? Time didn't start in 2025 Profd. I recall a black woman, a host on television, talking about how her own parents were cheated for their home. Black people have a heritage of being financially abused in the usa, you can't deny that with positivity. Even white historians, who love to forgive the usa, admit the collective of Black people who put their money into the freedman bank were tricked. That bank had a board, was set up by the usa congress. Am I lying ? Was not Frederick Douglass a president of that bank? He didn't even want to be the first president of the bank, which he could had been but based on his actions he seemed opposed to positions in government. FROM WHITE INFO The Freedman's Saving and Trust Company, known as the Freedman's Savings Bank, was a private savings bank chartered by the U.S. Congress on March 3, 1865, to collect deposits from the newly emancipated communities. The bank opened 37 branches across 17 states and Washington DC within 7 years and collected funds from over 67,000 depositors.[1] At the height of its success, the Freedman's Savings Bank held assets worth more than $3.7 million in 1872 dollars, which translates to approximately $80 million in 2021.[2][3] However, the rapid development of the bank was largely driven by false claims and was coupled with mismanagement and fraud.[4] The bank failed in 1874, weighed down by speculative loans issued by the bank's white officials throughout its existence.[2][5]: 138 Historians believe that the bank's failure not only destroyed the savings of many African Americans, but also their trust in financial institutions.[5]: 211 [6][7] The site where the bank's headquarters once stood was later occupied by the Treasury Annex. The Annex was renamed the Freedman's Bank Building in 2016. https://en.wikipedia.org/wiki/Freedman's_Savings_Bank 1 hour ago, ProfD said: There's more than one way to raise $17 billion dollars. I've already mentioned that Black churches raise $11 billion annually. Members don't get anything tangible in return. Maybe the investment board/oversight committee should include Black preachers too. Great point, except for the tangible. PEople who are members of any religion tend to want a spiritual desire, it isn't meant to be something they can grab with their hand/tangible. ANd I forget who it was maybe @Pioneer1 or @Troy or you with the Halleluyah website. YOu Profd have set up a functional idea in the economic corner. A union of Black Churches [somehow someone can do this] to pool their resources together and make an esocial platform, Halleluyah, with a board and oversight committee. Very nice, I just don't see who can get the gathering. In my mind maybe Obama+Al SHarpton. I don't like the idea of a union of Black Churches with an investment bank cause religious organizations historically are too rigid culturally to invest in what the populace needs, not what their rules dictate. 1 hour ago, ProfD said: Doing nothing will definitely breed similar results. No risk. No reward. But doing what hasn't been done before is wiser, even if the results are the same. Don't risk the same, better potential reward. Risk the same way, odds are you get the same.
ProfD Posted February 24 Report Posted February 24 1 hour ago, richardmurray said: Black people have a heritage of being financially abused in the usa, you can't deny that with positivity. There is no denial that Black folks have been cheated, robbed and abused. It is ingrained in our history. Failure is no a reason to give up. Black people would not have billions of dollars in purchasing power if we gave up. 1 hour ago, richardmurray said: Great point, except for the tangible. PEople who are members of any religion tend to want a spiritual desire, it isn't meant to be something they can grab with their hand/tangible. Right. They still invest in that which is intangible. Their trust lies in faith. 1 hour ago, richardmurray said: ANd I forget who it was...with the Halleluyah website. YOu Profd have set up a functional idea in the economic corner. I mentioned the website merely as an example of a seed of an investment idea that could attract a whole lot of Black folks. 1 hour ago, richardmurray said: A union of Black Churches [somehow someone can do this] to pool their resources together and make an esocial platform, Halleluyah, with a board and oversight committee. Very nice, I just don't see who can get the gathering. In my mind maybe Obama+Al SHarpton. I don't like the idea of a union of Black Churches with an investment bank cause religious organizations historically are too rigid culturally to invest in what the populace needs, not what their rules dictate. Again, I don't know why you're hung up on one seed of an investment idea. The investment could be any number of things. Just a matter of starting from somewhere. 1 hour ago, richardmurray said: But doing what hasn't been done before is wiser, even if the results are the same. Don't risk the same, better potential reward. Risk the same way, odds are you get the same. Again, nothing will get done with a net negative outlook and paralysis based on historical analysis.
richardmurray Posted February 24 Author Report Posted February 24 @ProfD 2 minutes ago, ProfD said: It is ingrained in our history. It is ingrained in black history in the usa + the european colonies that preceded. Not Black history throughout humanity. Each country in humanity has a unique black history that is not similar to each other and should not be suggested as such. Financially this matters cause the financial environment in each country is not the same for the black people in it. the USA has the worst black financial history of any country in humanity. Ninety nine percent of black collective action fails in the usa by white power. The success is black individuals. 3 minutes ago, ProfD said: Failure is no a reason to give up. I concur 100% and in my assessment of black history in the usa , black people have never given up, moreover in my view, black people have been enslaved everywhere on earth in the last two hundred and fifty years and given up no where on earth for their betterment. but the flaw for many black people everywhere and especially in the united states of america , isn't the destination, it is the methodology. The collective nonviolent financing methodology has been successfully tried by blacks in the usa over hundreds of times and 99% of the time failed. Yes, BET was created, Motown was created through collective black financing. But 99% of black attempts to what you champion fail, and that is lost money. That is financial failure. And only a financial fool repeats a business venture that fails 99% of the time after hundreds of attempts. And my suggestion in the USA, not everywhere, on earth is black individualism, which is the modern black culture, is the answer. 16 minutes ago, ProfD said: I mentioned the website merely as an example of a seed of an investment idea that could attract a whole lot of Black folks. Right and it is actually a functional idea, I don't quite comprehend what your suggesting here, not every idea can work in finance. Anyone who believes that is a financial fool. The goal isn't to attempt, the goal is to succeed. 17 minutes ago, ProfD said: Again, I don't know why you're hung up on one seed of an investment idea. The investment could be any number of things. Just a matter of starting from somewhere. I am not hung up, an idea generated through multilog in this series. And this series is meant to be financially honest and investing in any number of things is financially foolish, and not having a comprehensive idea from start to finish is again financially foolish. The black religious communities in the black populace in the usa are in modernity, smaller than in any time past. This makes them more efficient financially. They each have a communalism through their religion that is easier to bind behind than Pan Black while it is also easier for them to regale each other to unify in, than Pan Black. Pan Black requires accepting black people in all the ways they come and that will not work in the usa. Garveyism will never occur again in the usa, unless a number of things happen which have slight odds. The black populace in the usa today is too internally multiracial. So the key to any collective financial action is finding successful black groups in the black populace in the usa. Not trying to gather the black individuals into a group, that is a waste of time and money. Said black individuals have varying levels of trust, money, that makes them require alot more than a speech plus some plan. But, Black churches have limits, like all religious groups they can't invest in any number of things. And an online service fits the preaching/pulpit passion of the black religious groups in the usa, while also fits the patterns of life of blacks in the usa. Your idea , has quality, so I pronounce it. IT isn't a hang up. It doesn't fit the black individual mantra that is wisest to implement today, but it focuses on a black group that can perform as a collective honestly, not hypothetically. 37 minutes ago, ProfD said: Again, nothing will get done with a net negative outlook and paralysis based on historical analysis. Well to your prose, history says otherwise, negative outlooks can still breed financial success or emphasized historical analysis usually yields wiser financial actions. Human history has proven this. To my prose that you replied to, I concur in a positive outlook being more welcome and learning + acting wisely from a historical assessment . This is why my prose following this sentence refers to be wise/reaching for more potential/not making foolish gambles. But doing what hasn't been done before is wiser, even if the results are the same. Don't risk the same, better potential reward. Risk the same way, odds are you get the same.
ProfD Posted February 24 Report Posted February 24 31 minutes ago, richardmurray said: Each country in humanity has a unique black history that is not similar to each other and should not be suggested as such. Financially this matters cause the financial environment in each country is not the same for the black people in it. the USA has the worst black financial history of any country in humanity. Ninety nine percent of black collective action fails in the usa by white power. The success is black individuals. Yet, Black folks in the USA have a higher purchasing power than the GDP of most every Black country on the planet. 31 minutes ago, richardmurray said: Pan Black requires accepting black people in all the ways they come and that will not work in the usa. Garveyism will never occur again in the usa, unless a number of things happen which have slight odds. The Pan Black thing hasn't worked out for a number of reasons. Most of it stems from how Black people from outside the US perceive AfroAmericans (FBA/ADOS). FBA/ADOS needs to be honest with itself that other Black folks who don't share our history or understand it will be harder to align with strategically. It's OK for FBA/ADOS to close ranks and build its own house before trying to develop a Pan Black coalition. We don't need it considering our aforementioned purchasing power. 31 minutes ago, richardmurray said: The black populace in the usa today is too internally multiracial. So the key to any collective financial action is finding successful black groups in the black populace in the usa. Not trying to gather the black individuals into a group, that is a waste of time and money. Said black individuals have varying levels of trust, money, that makes them require alot more than a speech plus some plan. Sure. A collective of like-minded individuals who share similar interests/goals/objectives can move in a positive financial direction. 31 minutes ago, richardmurray said: Well to your prose, history says otherwise, negative outlooks can still breed financial success or emphasized historical analysis usually yields wiser financial actions. Human history has proven this. At some point, the analysis has to be put to work in order to bring an idea or product to fruition. 31 minutes ago, richardmurray said: To my prose that you replied to, I concur in a positive outlook being more welcome and learning + acting wisely from a historical assessment . This is why my prose following this sentence refers to be wise/reaching for more potential/not making foolish gambles. But doing what hasn't been done before is wiser, even if the results are the same. Don't risk the same, better potential reward. Risk the same way, odds are you get the same. There's enough smart people with resources to make things happen without gambling foolishly.
richardmurray Posted February 24 Author Report Posted February 24 @ProfD 34 minutes ago, ProfD said: The Pan Black thing hasn't worked out for a number of reasons. Most of it stems from how Black people from outside the US perceive AfroAmericans (FBA/ADOS). Pan Black only true movement in the usa was garveyism. The black church, the black panthers, the naacp , the hbcu with booker t washington, frederick douglass, none of the other movements in the black populace in the usa was pan black. And garveyism failed by the machinations of tribes within the DOS tribe in the black populace like WEB Dubois who as a pro american as some others today ,as resistant to other ideas outside his own as many black dosers today or yesterday like douglass or booker t, simply didn't like pan black cause it was against his talented tenth, favored tribe in the black populace idea. 42 minutes ago, ProfD said: FBA/ADOS needs to be honest with itself that other Black folks who don't share our history or understand it will be harder to align with strategically. It's OK for FBA/ADOS to close ranks and build its own house before trying to develop a Pan Black coalition. We don't need it considering our aforementioned purchasing power. I concur honesty is needed, Black DOSers in the USA need to be honest that it has tribes within itself. The black populace in the usa has tribes, but some of those tribes have tribes. the DOS tribe is a set of smaller tribes. You already know Booker T washington/WEb Dubois both DOSers were opposed to each other, you know this. The multivides in the DOS tribe in the black populace have grown since those times.The DOS tribe is composed of tribes. This forum proves a Pan DOS coalition is not going to happen. Individualism is the path forward for blacks in the usa, not the world, not outside the usa, but in the usa. And the reason garveyism is still the most successful movement in the black populace in the usa is results. Garveyites produced results. the black church results? failures, the naacp? failures. black colleges? failures. the panthers? failures. the black communities in white cities:harlem/greenwood/et cetera ? failures. and all failures by white power. Garveyism success is based on the fact that is gives the majority of whites what they truly want. Not rich whites, but the majority of whites. and human beings correctly do not get inspired by failures. But all those said black groupd were unwilling to use new ideas that no one has tried in the black history in the usa or other ideas that actually succeeded in garveyism. Success brings the crowd, not speeches, not philosophies, Results that are winning. IN AMENDMENT When i read you talk about purchasing power I think of black people in new york city who show the zeal you have for nonviolent communal purchasing power with voting, and its funny, like you they tend to talk about never quitting and doing the same thing over and over again, and its funny to me. I always tell them, results is all you need to get people to vote. Do for them and the people vote for you. Do nothing for them and they will not vote. Same to purchasing power, black people have tried that many times, all failed, and similar results. PRofd ... can you provide one example where black people tried purchasing power and it actually led to a positive result? It doesn't have to be the entire black populace in the usa, it can be in a state or county or city? Please Profd, educate me, one example where black purchasing power led to a positive result? Cause in all my historical research they all failed so... I don't see how anyone can be convinced of something working when it was tried before many times and never worked.
ProfD Posted February 24 Report Posted February 24 56 minutes ago, richardmurray said: And the reason garveyism is still the most successful movement in the black populace in the usa is results. Garveyites produced results. What are considered the successful results of the movement? 56 minutes ago, richardmurray said: Garveyism success is based on the fact that is gives the majority of whites what they truly want. Not rich whites, but the majority of whites. and human beings correctly do not get inspired by failures. What was the success that a white majority received from Garveyism? 56 minutes ago, richardmurray said: Please Profd, educate me, one example where black purchasing power led to a positive result? Cause in all my historical research they all failed so... I don't see how anyone can be convinced of something working when it was tried before many times and never worked. It takes more energy to turn negative into positive. From your diatribes you're already convinced that everything FBA/ADOS have done has never worked. Stay up mayne. 1
richardmurray Posted February 24 Author Report Posted February 24 @ProfD 1 hour ago, ProfD said: What are considered the successful results of the movement? the percent of black business ownership in the black populace. I argue the greatest percent of black ownership existed in the garveyism era than anytime before or after. Yes more black businesses are owned today but the populace has grown alot. But the percentage of black people owning business i argue is less today than at garveyism's height. Sadly, I don't have any decent proof. I can actually atest from my lineage this claim in new york city. But that isn't enough to be a proof. And:) I am too private to go into detail. You can see garveyites throughout the black populace in the usa embracing all black people starting business. And if I am being honest, the key is the leader. One of the things people underrate about Garvey is how he came from a secular nor privileged black scenario. I am not knocking any black leader I am about to mention cause they all did good for the village. But , Garvey wasn't: mixed like Frederick Douglass who loved integration[from slavery to marriages to integrating schools like yale to black communities in white cities] and despised segregation[ala the exodusters]/ tied to a religion like Booker t Washington's to be HBCU community or MLK jr or Nation of Islam Malcolm[so the religion of a black person didn't matter]/ Yella like WEB Dubois or Adam Clayton Powell jr or Langton hughes and had a personal history of positive relations with whites/ an anglophile [he came from jamaica but he knew of black haitians black people from the dutch islands traveling about, black people didn't need to speak english for him to accept them]/infatuated with himself[he did try to meet with web dubois whereas many black leaders don't reach out to other black leaders in another particular tribe] I think his pan black attitude made other black people no matter their: religion, language, shade of brown, even specific desires [ala garveyites were in the midwest trying to exodust while they were also in nyc starting businesses] feel welcomed and thus easier to work together. Black help black is what Garvey preached and represented and that flowed into the garveyites. When you need to be christian [ the southern black leadership conference or abyssinian baptist church] When you need to be muslim [ the nation of islam] when you need to be jewish [ the black jewish populace, especially in new york city, not beta israelites, black jews. I knew of one , her spirit flew, but her community is very closed] when you need to be militant [black panthers <i will never forget angela davis saying, about how one time the reaction to telling a joke was so negative> or the student activitist ala Kwame Toure] when you need to have or aspire european culture [the naacp + black colleges] when you need to be ethiopian [how the modern ethiopian immigrant community looks negatively to rastafarians] when you need to be nigerian [ how the modern nigerian immigrant community looks negatively to DOSers for <not having a culture>] and on and on, Garvey was one of the few instances of Pan Black being an element of a movement, thus the communal width to grow everywhere black people are. And that is why I can believe it with only my bloodline history + anecdotes from blacks. And sadly, most importantly, the modern environment's tribalism makes in the usa, not outside the usa where I think garveyism /pan black can exist greatly/positively, any similar movement to garvey very doubtful in the future in the usa. I forgot to mention when you need education . The educated black leaders in the 1960s , mostly male [yeah....], wouldn't let Fannie Lou Hamer talk in the gathering in harlem. It was malcolm, son of a garveyite, who didn't go to an ivy or uppity black school while spoke better than any of those jokers, who spoke up for Fannie Lou Hamer. Consider that many of these baptist preachers and other's didn't want fannie lou hamer to talk even though she comprehended more about black suffering personally than any of them. Let's be blunt, how can the nation of islam lead the black populace as a whole when the nation of islam banned Malcolm for the crime of not wanting black women to be placed into harem's for ministers of the nation of islam. How can the southern black leadership conference lead the black populace as a whole when MLK is the only preacher not taking a car for services from parties unknown, I paraphrase kwame toure. So... Percent of businesses but you need a movement that is about pan black in the first place. not knock other black. this is why I always say in this forum, to any, what are you doing with your blacks. Stop telling other black people what to do, and with the black people who are like minded do. IN AMENDMENT Garveyism did have one big tribal element. It wasn't integrationist. And I think so many other movements at their heart are integrationist. Not panthers/nation of islam. But NAACP/HBCU/Black elephants/ Black donkeys and to this day those I call the black one percent, the black financial elite, are highly integrationist. so...their is the balance of nature. 2 hours ago, ProfD said: What was the success that a white majority received from Garveyism? I didn't say the white majority received a success I said "Garveyism success is based on the fact that is gives the majority of whites what they truly want. " The majority of whites, who are fiscally poor, have always wanted 1) to use blacks for financial benefit 2) to not have black presence around them. The second the war between the states ended that led to modernity in the sense that , most white abuse to blacks for financial benefit comes from the white financial elites, not common white folks, and the money the white elite make isn't shared which is why the SCrumpf movement exist. The exodus or segregationist or isolationist nature of garveyism aligns with the second desire of a majority of whites which after the war between the states was quite vocal among poor whites. But, rich whites, the republican party elders needed to use blacks for their agenda or profit. 2 hours ago, ProfD said: It takes more energy to turn negative into positive. From your diatribes you're already convinced that everything FBA/ADOS have done has never worked. Stay up mayne. Not true, I have admitted in this very forum that black integrationist leaders like frederick douglass got what he and others like him wanted. An environment in the usa where black individuals can achieve anything they wanted. Please read [ https://aalbc.com/tc/blogs/entry/357-frederick-douglass-our-composite-nation/ ] But my point is that the black populace needed a communalism in the past, not that. and the price of that path is the modern situation. Now looking forward positively, in the USA I say embrace that individualism, not oppose it. Outside the USA [black countries in the caribbean/africa/asia, some black communities in non black countries outside the usa], I think communalism in various forms, including ideally pan black is very applicabe/possible/functional. But in the usa, which is a unique country in humanity, black individualism is the way. I am up Professor.
ProfD Posted February 25 Report Posted February 25 1 hour ago, richardmurray said: I argue the greatest percent of black ownership existed in the garveyism era than anytime before or after. Out of Garveyism, I totally agree that Black people shouldn't have to depend on white folks for anything. Instead, Black folks should be about the business of building a strong race in terms of economics, education and politics. 1 hour ago, richardmurray said: And if I am being honest, the key is the leader. One of the things people underrate about Garvey is how he came from a secular nor privileged black scenario. I find it interesting that Garvey didn't use his movement to liberate and build up his home country of Jamaica. 1 hour ago, richardmurray said: this is why I always say in this forum, to any, what are you doing with your blacks. Stop telling other black people what to do, and with the black people who are like minded do. We got it. 1 hour ago, richardmurray said: I didn't say the white majority received a success I said "Garveyism success is based on the fact that is gives the majority of whites what they truly want. " The majority of whites, who are fiscally poor, have always wanted 1) to use blacks for financial benefit 2) to not have black presence around them. Figured as much. There are huge swaths of America where white folks have separated themselves from Black folks. Wyoming, the Dakotas, Montana, Vermont, New Hampshire, etc., have less than one percent Black populations. During election night, those red states are indicative of white America. 1 hour ago, richardmurray said: Now looking forward positively, in the USA I say embrace that individualism, not oppose it. But in the usa, which is a unique country in humanity, black individualism is the way. The purchasing power of Black Americans suggest that many individuals are doing very well for themselves. 1 hour ago, richardmurray said: I am up Professor. Despite the negative perspectives, I believe your 3rd eye is always open.
richardmurray Posted February 25 Author Report Posted February 25 @ProfD 15 hours ago, ProfD said: I find it interesting that Garvey didn't use his movement to liberate and build up his home country of Jamaica. The shortest answer to your question is: Garvey didn't see Jamaica as his home country as you describe it + his philosophy was born out of his experiences in jamaica, which is why he left, and why he advocated black people go to countries absent whites. A long answer, not the longest, is the following... remember, only two islands in the caribbean ever repelled a foreign invasion from the beginning of the white european global impeiral era started circa late fourteen hundreds to modernity. One was Haiti the other was Cuba. Haiti's Black populace had a unique scenario. THis is the only country in the american continent [ canada to argentina] where enslaved black people literally freed themselves from white slavers completely. but the factors matter: haiti was 85% black. Brazil, who has the most blacks in the american continent, has never been even 50% black. USA has never been 50% black. Haiti as an island and not a large land mass is easy to protect on flanks. Quilombos in brasil or the gullah in the gullah islands had to nestle away with natural boundaries. Haiti is unique, and the passion of having a country of formerly enslaved people who are free by the blade, not the pen [golden law in brasil or 13th amendment in the usa] meant they were up for fighting the french/usa/english/spanish who all came with navies , which at that time didn't have the resources or communication qualities from the 1900s to take haiti back and all failed. Cuba because of the USSR wasn't invaded straightly by the usa but by cuban traitors who came as mercenaries. That allowed the Cuban military to defeat them. Militaristic reality is what it is. This is why China is the only non white european country truly free today. Japan/India/Nigeria/South Africa. Hell Brazil/Germany are white european countries and they are not free. Jamaica has never been in a situation like Haiti or Cuba plus Jamaica is too small. I remember someone said, that the number of people killed by the CIA/FBI in the 1900s exceeds most wars. I can't confirm anything the three letter people do but if it is true, that explains alot. Financial activity or communal advocacy can't beat a bullet. Past militarism, after the usa + Haiti most Caribbean islands became functionally south africas under apartheid. Majority Black in populace, minority white populace own all, but blacks are second class not enslaved. Britain had ended slavery in its domain after the usa ceded from it and that turned the british indian subcontinent [modern day pakistan/india/bangledesh]/jamaica/west africa[modern day nigeria/ghana/british cameroon et cetera] into mirrors of ireland which britian had dominated for thousand years and again, the Irish Republican Army was only a few hundred people but they blew up alot. So in Jamaica, as Garvey said himself, he learned a few simple truths. I paraphrase. Countries with integrated populations have limits to black empowerment. Blacks don't have to be enslaved in white countries and can live happy lives, but limits exist and at the end of the day, the goal is betterment for all black people, and sooner or later white betterment will demand black betterment take a loss. This is the problem in Jamaica/USA/BRasil/SOuth Africa, the white populaces at some point limit the black. So to answer your quest, Garvey's own personal experiences had taught him that the goal of black betterment can't be to live around whites. I rephrase, Black people can improve anywhere but the goal should be pan black improvement and if that is the goal, then being around non blacks has limits, will lead to war, will demand black people live around their own in a place they can control. And that isn't in a little island in the caribbean, that isn't in the USA or Brasil which are white countries with non white minorities in them. That is in black countries of a significant ability and yes militaristic ability or potential. And, this is why again, i think more than WEB Dubois many DOS leaders , I argue most, in the eighteen hundreds had philosophical problems with garvey and the garveyites. Said leaders loved the communalism, the positive energy for action, but they disliked the segregation or the foresightfulness of Garveyism, which didn't believe in integration as a wise thing or a thing that can exist side black betterment. Comprehend, enslavement in the usa is a form of integration, jim crow is a form of integration, white owned media in the usa falsely or its black adherents falsely label things segregation when they are not. Segregation has actually never occurred in the usa. Remember haitian law under desalines literally said whites can own nothing. It didn't say white people are enslaved to black. It denounced the presence of whites to own anything, it is an evacuation law. 18 hours ago, ProfD said: Wyoming, the Dakotas, Montana, Vermont, New Hampshire, etc., have less than one percent Black populations. During election night, those red states are indicative of white America. well said and amen:) 18 hours ago, ProfD said: The purchasing power of Black Americans suggest that many individuals are doing very well for themselves. yes, they are, again I can prove this with personal experience. I am 100% certain most , an overwhelming majority ,black financial success in the usa is black individuals in a multiracial, specifically multiphenotypical, integrated communal context[in nyc that is all the black singers/dancers/athletes making millions, executives in white firms making six digits or more]. A minority of black financial success in the usa is black individuals or groups in a black communal context [an example is some black eateries in harlem, all of whom get non black customers to be even] So let's be honest and embrace this reality .
ProfD Posted February 25 Report Posted February 25 40 minutes ago, richardmurray said: The shortest answer to your question is: Garvey didn't see Jamaica as his home country as you describe it + his philosophy was born out of his experiences in jamaica, which is why he left, and why he advocated black people go to countries absent whites. Still, Black folks outnumbered white folks in Jamaica. Jamaicans have shown a propensity for being able unalive people. Seems the Black Jamaicans could have kicked out the white minority. This could have spread throughout the Caribbean. Garvey could have painted the islands all Black. Same thing goes for Africa. 40 minutes ago, richardmurray said: Past militarism, after the usa + Haiti most Caribbean islands became functionally south africas under apartheid. Majority Black in populace, minority white populace own all, but blacks are second class not enslaved. In the Caribbean and Africa, Black folks outnumber whites. South Africa has 48 million Black folks and 5 million white folks. If the Black people can unalive each other in those places, surely, they could have removed the white minority. Instead, these majority Black countries have allowed white folks to own them by remote control. The British and French left their former colonies but to this day, continue to control their resources and call the shots. Burkina Faso and a few other African countries are trying to buck France. Current conflicts around the world, Russia-Ukraine and Israel-Palestine are indicative of what white folks understand when it comes to power. War and peace. What is my point? Until Black folks are willing to unalive white folks and own their countries and land, we will never truly be *free* from white supremacy anywhere on the planet. 1
richardmurray Posted February 25 Author Report Posted February 25 @ProfD 5 minutes ago, ProfD said: Seems the Black Jamaicans could have kicked out the white minority. This could have spread throughout the Caribbean. Garvey could have painted the islands all Black. Garvey didn't see that as a wiser goal than the pan black. And in hindsight he was 100 % correct. the percentage of black people in jamaica who would oppose pan black is quite high. The percent that oppose pan black now is high. Jamaica is the country where bob marley's image is all over the airport but in jamaica black people, particularly of a certain financial standing, stymie or hinder members of the rastafarian community. 14 minutes ago, ProfD said: Until Black folks are willing to unalive white folks and own their countries and land, we will never truly be *free* from white supremacy anywhere on the planet. well said
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