posted
If so how would they be carried out that would be realistically without hurting the economy too much ?
Posts: 42919 | From: , | Registered: Jan 2010
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they would not hurt the economy .... they would transform it for the better....
as we speak there are trillions being spwnt in ways that hurt the economy and no one bats an eye.....
Posts: 2818 | From: new york | Registered: Apr 2014
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quote:Originally posted by the lioness,: If so how would they be carried out that would be realistically without hurting the economy too much ?
I think the suffering of those during slavery can't be bought. Or sold. Posts: 22234 | From: האם אינכם כילדי הכרית אלי בני ישראל | Registered: Nov 2010
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Dude, Dr. Louis Gates is an absolute disgrace. Never parrot him. Ever. Moreover his calculation is wrong and inexcusable. We suffered and lost WAY too much at the hands of them. Theres more to our suffering than just free labor, also what about other blacks in the world that suffered at the hands of Europeans and Americans? How do we factor them into reparations? We can’t have the entire pie to ourselves. Our journey didn’t just start when slavery happened in the U.S. The issue is VERY deep and complex. It can't work. Do you see where i am getting at with this? This is why reparations would be a disaster.
Posts: 535 | From: From the Darkest of the Abyss | Registered: Apr 2010
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Kdolo, your behavior is like that of a crack addict, looking for small time satisfaction. Hence, an addict depends on others to fully full the satisfaction. What actually satisfies is change in behavior. Not to be dependent/ being independent. Once you get that feeling, there is no turning back.
quote:Originally posted by the lioness,:
quote:Originally posted by kdolo: ...hurting the economy ... ??
Are you nuts ? (Rhetorical)
they would not hurt the economy .... they would transform it for the better....
as we speak there are trillions being spwnt in ways that hurt the economy and no one bats an eye.....
quote:Originally posted by kdolo: Stolen labor....plus interest.
The calculations have been done already....
Dr. Skip Gates of Harvard did a study a while back if I recall....
The number came up to approximately
1 trillion dollars.
...Mighty Mac, you are wrong.....
So we take a trillion dollars
$1,000,000,000
And divide in amongst the about 39 million African Americans
that comes to $26 a person, cool
Knowledge is power, most of them idiots would spend that money within no time. Probably mostly on B.S., like a kid in a candy store. Guess who they would enrich?
African Americans already spend billions each year on products produced and sold by "others".
After that it would be a done deal. They will say, we have paid our dues. Of which a trillion dollars is peanuts money when we speak it, in global GDP terms.
However, the suggestion does sound romantic.
quote:The Black haircare industry is grossly underestimated, and knowingly so. Market research firm Mintel estimated the size of the 2012 market at $684 million, with a projection of $761 million by 2017. But Mintel also wisely notes:
What's missing from these figures are general market brands, weaves, extensions, wigs, independent beauty supply stores, distributors, e-commerce, styling tools and appliances. If all of those things were to be taken into consideration, the $684 million in expenditures could reach a whopping half trillion dollars.
African Americans Have $1.1 Trillion in Buying Power, Are We Putting Our Money to Good Use?
quote: According to a recent study by the Nielsen Company, African Americans will have $1.1 trillion in collective buying power by 2015 (increasing to about $1.3 trillion by 2017), making us “more relevant than ever” as a consumer bloc.
Nielsen takes us inside the numbers:
Currently 43 million strong, African-American consumers have unique behaviors from the total market. For example, they’re more aggressive consumers of media and they shop more frequently. Blacks watch more television (37%), make more shopping trips (eight), purchase more ethnic beauty and grooming products (nine times more), read more financial magazines (28%) and spend more than twice the time at personal hosted websites than any other group.
African-Americans make an average of 156 shopping trips per year, compared with 146 for the total market. Favoring smaller retail outlets, blacks shop more frequently at drug stores, convenience stores, and dollar stores. Beauty supply stores are also popular within the black community, as they typically carry an abundance of ethnic hair and beauty aids reside that cater specifically to the unique needs of African-American hair textures. Overall, health and beauty supply stores have an average household penetration rate of 46 percent among African-Americans, and the average black household spends an average of $94 in this store channel each year, providing a significant opportunity to connect with black shoppers.
While the numbers indicate that Black folks are an important part of the buying public, companies spend just three-percent (3%) of their advertising budgets marketing to African Africans consumers. Cheryl Pearson McNeil, a Vice President at Nielsen, warn they are missing out.
“The black population is young, hip and highly influential. We are growing 64 percent faster than the general market,” she explains.
However, Noel King, a reporter for NPR’s Marketplace, cautions companies against trying to reach Black consumers without knowing our needs.
“If you want to market to those groups, then you should know what particular group buys your stuff,” says King. “Blacks tend to spend more on electronics, utilities, groceries, footwear. They spend a lot less on new cars, alcohol, entertainment, health care, and pensions.”
Despite our collective buying power, little of our money stays in Black communities or is spent on Black-owned businesses.
The NAACP reports:
“Currently, a dollar circulates in Asian communities for a month, in Jewish communities approximately 20 days and white communities 17 days. How long does a dollar circulate in the black community? 6 hours!!! African American buying power is at 1.1 Trillion; and yet only 2 cents of every dollar an African American spends in this country goes to black owned businesses.”
Though it may seem like African Americans are frittering away our economic power, Dr. Jared Ball of Morgan Sate University argues the phrase “buying power” does not paint an accurate picture of Black folks’ financial outlook.
This phrase, ‘buying power,’ is used as a glossy euphemism for Black poverty for being the fault of Black spending habits, as opposed to a pre-determined need in our economic model,” he explained to Marketplace Money. “A lot of people pick up this phrase and hear these large numbers, and assume Black America is stronger than Black America actually is.”
Although African Americans make up 13-percent of the U.S. population, just seven-percent (7%) of small business are owned by Blacks. Access to capital, clientele, and other resources hinder many Black folks from starting business, despite our long history of entrepreneurship.
Organizations like the Empowerment Experiment, the Black Owned Business Network, and Recycling Black Dollars are hoping to encourage African Americans to patronize Black businesses, but there is still more work to do.
Do you patronize Black businesses? How can we wield our “buying power” responsibly?
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This is what knowledge can do for you. Instead of waiting for handouts. Btw, Chinese are know for working hard, and the results did pay off. Another note to be considered is Americas war since early this century, which costed more than a billion each month.
It’s official: America is now No. 2
quote: Hang on to your hats, America.
And throw away that big, fat styrofoam finger while you’re about it.
There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.
It just happened — and almost nobody noticed.
The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.
As recently as 2000, we produced nearly three times as much as the Chinese.
To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.
This latest economic earthquake follows the development last year when China surpassed the U.S. for the first time in terms of global trade.
I reported on this looming development over two years ago, but the moment came sooner than I or anyone else had predicted. China’s recent decision to bring gross domestic product calculations in line with international standards has revealed activity that had previously gone uncounted.
Making millions using China's Twitter (9:26)
Hear how China’s Sina Weibo microblog makes you money, watch how your fingertips could give you access to your health records and check out top five games for holiday gifts.
These calculations are based on a well-established and widely used economic measure known as purchasing-power parity (or PPP), which measures the actual output as opposed to fluctuations in exchange rates. So a Starbucks venti Frappucino served in Beijing counts the same as a venti Frappucino served in Minneapolis, regardless of what happens to be going on among foreign-exchange traders.
Make no mistake. This is a geopolitical earthquake with a high reading on the Richter scale.
PPP is the real way of comparing economies. It is one reported by the IMF and was, for example, the one used by McKinsey & Co. consultants back in the 1990s when they undertook a study of economic productivity on behalf of the British government.
Yes, when you look at mere international exchange rates, the U.S. economy remains bigger than that of China, allegedly by almost 70%. But such measures, although they are widely followed, are largely meaningless. Does the U.S. economy really shrink if the dollar falls 10% on international currency markets? Does the recent plunge in the yen mean the Japanese economy is vanishing before our eyes?
Back in 2012, when I first reported on these figures, the IMF tried to challenge the importance of PPP. I was not surprised. It is not in anyone’s interest at the IMF that people in the Western world start focusing too much on the sheer extent of China’s power. But the PPP data come from the IMF, not from me. And it is noteworthy that when the IMF’s official World Economic Outlook compares countries by their share of world output, it does so using PPP.
Yes, all statistics are open to various quibbles. It is perfectly possible China’s latest numbers overstate output — or understate them. That may also be true of U.S. GDP figures. But the IMF data are the best we have.
Make no mistake: This is a geopolitical earthquake with a high reading on the Richter scale. Throughout history, political and military power have always depended on economic power. Britain was the workshop of the world before she ruled the waves. And it was Britain’s relative economic decline that preceded the collapse of her power. And it was a similar story with previous hegemonic powers such as France and Spain.
This will not change anything tomorrow or next week, but it will change almost everything in the longer term. We have lived in a world dominated by the U.S. since at least 1945 and, in many ways, since the late 19th century. And we have lived for 200 years — since the Battle of Waterloo in 1815 — in a world dominated by two reasonably democratic, constitutional countries in Great Britain and the U.S.A. For all their flaws, the two countries have been in the vanguard worldwide in terms of civil liberties, democratic processes and constitutional rights.
Closing The Racial Achievement Gap Could Expand America's Economy By Trillions
quote:
The gap in educational achievement between white students and students of color could be costing the nation trillions of dollars, according to a new report.
An analysis released this week by the Center for American Progress posits that closing the racial educational achievement gap will be especially important in the coming decades as the nation's population of color continues to grow. The study looks at American students’ scores on the Program for International Student Assessment -- an international exam taken by students in 65 countries and economies -- and suggests that raising the scores of black and Hispanic children would positively impact the U.S. economy.
In 2012, the study notes, white students averaged a score of 506 on the PISA math exam, while black students received an average of 421. Hispanic students averaged a 455 score on the exam. (The study does not look at the scores of students belonging to other ethnic minority groups, or of mixed-race students.)
Study authors Robert Lynch and Patrick Oakford found that if this gap between white students and students of color were closed, the U.S. would see $2.3 trillion in economic growth by 2050.
To arrive at these conclusions, the authors looked at previous literature outlining the effects of cognitive skills on a country’s economic growth. They specifically highlight the work of economists Eric A. Hanushek and Ludger Woessmann, who used regression analyses to determine that “an increase of one standard deviation in education achievement (i.e., 100 test-score points on the PISA scale) yields an average annual growth rate over 40 years that is 1.86 percentage points higher.”
Lynch and Oakford subsequently calculated what America’s 2012 PISA scores would have looked like if there were no racial disparity in scores. Drawing on the Hanushek and Woessmann model, they estimated what the new scores would mean for the nation’s GDP.
“Our simulation indicates the average annual increase in economic growth that results from the gradual closing of the educational achievement gap and the upgrade in the skill level of the workforce,” the authors write.
The study continues, “We found that closing achievement gaps would boost GDP by 5.8 percent, or $2.3 trillion in 2050. In present value terms, this implies $765 billion in greater GDP, or more than $1,900 for every man, woman, and child in the United States—$7,600 for every family of four.”
As shown in the graphs below, the cumulative increase in GDP by 2050 would amount to $20.4 trillion, or $551 billion per year:
This material was published by the Center for American Progress.
Oakford, a policy analyst at the Center for American Progress, told The Huffington Post in a phone interview that he thinks the analysis is especially topical this year.
“If we think about this year, for the first time people of color are a majority of students in our K-12 classroom,” Oakford said. “These students are going to be the future of our workforce.”
To close the racial achievement gap, the researchers recommend increased investments in a number of social programs, like expanding early childhood education programs, raising the minimum wage and reforming the criminal justice system.
"I don’t think there is a silver bullet to fixing the academic achievement gap. I think this requires a host of policies," said Oakford. "Education reform most obviously, but in addition to that, policies that affect a child outside of the classroom."
He continued, “Implementing those policies today means we will be setting ourselves up to reap large economic benefits decades down the road."
quote:Originally posted by kdolo: "I think the suffering of those during slavery can't be bought. Or sold"
This has little to do with suffering and everything to do with STOLEN LABOR.
The labor is based on suffering.
1) ...
2) ...
40 acres and a mull was promised, however like Native Americans. They've been lied to.
Posts: 22234 | From: האם אינכם כילדי הכרית אלי בני ישראל | Registered: Nov 2010
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posted
African Americans would need as much time as possible to right the ship before the money would flip. As it stands reparations would be a nice stimulus package for white supremacy.
Posts: 1254 | From: howdy | Registered: Mar 2014
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quote:Originally posted by Fourty2Tribes: African Americans would need as much time as possible to right the ship before the money would flip. As it stands reparations would be a nice stimulus package for white supremacy.
quote:Originally posted by Fourty2Tribes: As it stands reparations would be a nice stimulus package for white supremacy.
That is what we've been saying and that is exactly what it is.
Some folks think a trillion is a lot. If this thing would get green light, it would be on the bankaccount by tomorrow morning. If not the very same day. Since it is peanut money anyway. What's better to rid yourself of them, then this! "Just give them dumb niggers those few pennies (of which they think is a lot), and make sure they stay dependent and return it to us, by buying our products in our stores. So within a decade or two we got them locked. You know how we do...prospectus, long term planning. Those niggers aren't capable of doing so."Posts: 22234 | From: האם אינכם כילדי הכרית אלי בני ישראל | Registered: Nov 2010
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Jews were restricted entry into Harvard by the "numerus clausus"[quota] principle so what did they do? Just went down the street and founded and opened MIT. Some say that MIT is the best science school in the world. Maybe, but it's darn hard to get into.
A Jewish man was denied membership into an elite golf club. What did he do? No, he didn't burn it down. He just got the right amount of cash and bought it. But really, I don't know what happened to the previous members.
The Jews lived in Germany and Poland for at least 2,000 years[the average black has been in the U.S. for approx. 250-270 years] but when The Nazis brought the hammer down on them they were either put in camps of they fled. Any nostalgia for Germany? Hardly. But they may be indeed thinking about how to buy out Mercedes-Benz and Volkswagen.
So what is the meaning of these 3 anecdotal parables?
Posts: 5492 | Registered: Nov 2004
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Indians from India traveled all the way from India to the U.S. to corner the Motel market. Almost the same with gas station market.
The Chinese came all the way from China to own a big niche in the restaurant market. That has been going now for almost 100 years. Almost all big cities have China-towns--meaning anything you want from China you can get there without having to travel to China.
The Chinese and Koreans entered the inner-city markets and provided all that the locals wanted to buy--including that famous Chinese "take away". One must wonder how many $billions have been made just selling "chicken fried rice".
So where did they get the capital? Really, I have no idea. Same for all those Dollar Stores that millions flock to--for cheap bargains.
Theorem: To survive and earn income in a capitalist society one must own capital and build up a network of social capital.
Project: 1)If no more than 1% of AAs open savings banks and bank $1,000 a year there would enough capital to buy up all those boarded up properties in the urban areas. They could add value to such properties and their neighbourhoods. They could revitalise the blighted urban areas with jobs going for all the necessary reconstruction. 2) If no more than 0.5% of blacks could open commercial banks they could use that capital to buy out all those Lebanese-owned hotels in West Africa. Plus their businesses too.
Of course, all of the above does not require going to Church on Sundays and other days and hearing Jewish folklore stories read out with passion. One should know by now that there is no such thing as "pie in the sky".
Posts: 5492 | Registered: Nov 2004
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Mena: Great post Lamin the African American leadership should hire you as an adviser or a consultant. LOL Black people in the world in this information age still love those Jewish folklore story of Sun day church.
Lamin:Indians from India traveled all the way from India to the U.S. to corner the Motel market. Almost the same with gas station market.
The Chinese came all the way from China to own a big niche in the restaurant market. That has been going now for almost 100 years. Almost all big cities have China-towns--meaning anything you want from China you can get there without having to travel to China.
The Chinese and Koreans entered the inner-city markets and provided all that the locals wanted to buy--including that famous Chinese "take away". One must wonder how many $billions have been made just selling "chicken fried rice".
So where did they get the capital? Really, I have no idea. Same for all those Dollar Stores that millions flock to--for cheap bargains.
Theorem: To survive and earn income in a capitalist society one must own capital and build up a network of social capital.
Project: 1)If no more than 1% of AAs open savings banks and bank $1,000 a year there would enough capital to buy up all those boarded up properties in the urban areas. They could add value to such properties and their neighbourhoods. They could revitalise the blighted urban areas with jobs going for all the necessary reconstruction. 2) If no more than 0.5% of blacks could open commercial banks they could use that capital to buy out all those Lebanese-owned hotels in West Africa. Plus their businesses too.
Of course, all of the above does not require going to Church on Sundays and other days and hearing Jewish folklore stories read out with passion. One should know by now that there is no such thing as "pie in the sky
posted
Keep in mind that other white groups like the Irish have not done great on the entrepreneurial front. As late as WW2, almost ONE-THIRD of the white Irish were working for government.
-------------------- Note: I am not an "Egyptologist" as claimed by some still bitter, defeated, trolls creating fake profiles and posts elsewhere. Hapless losers, you still fail. My output of hard data debunking racist nonsense has actually INCREASED since you began.. Posts: 5905 | From: The Hammer | Registered: Aug 2008
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No one here has made a principled and reasoned argument against reparations ....
1. The money would be for STOLEN LABOR - lost wages plus interest.
2. What Blacks with the money after they receive it is IRRELEVANT. Some will spend, some will invest, some will go to school, some wil start businesses, some will buy real estate, homes, etc.
3. What Chinese, Indian, Koreans do is IRRELEVANT
The issue is reparations for lost/stolen wages during slavery.....try and stay focused now.
-------------------- Keldal Posts: 2818 | From: new york | Registered: Apr 2014
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quote:Originally posted by kdolo: No one here has made a principled and reasoned argument against reparations ....
1. The money would be for STOLEN LABOR - lost wages plus interest.
2. What Blacks with the money after they receive it is IRRELEVANT. Some will spend, some will invest, some will go to school, some wil start businesses, some will buy real estate, homes, etc.
3. What Chinese, Indian, Koreans do is IRRELEVANT
The issue is reparations for lost/stolen wages during slavery.....try and stay focused now.
You really don't get it do you?
Posts: 22234 | From: האם אינכם כילדי הכרית אלי בני ישראל | Registered: Nov 2010
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quote:Originally posted by mena7: Mena: Great post Lamin the African American leadership should hire you as an adviser or a consultant. LOL Black people in the world in this information age still love those Jewish folklore story of Sun day church.
Lamin:Indians from India traveled all the way from India to the U.S. to corner the Motel market. Almost the same with gas station market.
The Chinese came all the way from China to own a big niche in the restaurant market. That has been going now for almost 100 years. Almost all big cities have China-towns--meaning anything you want from China you can get there without having to travel to China.
The Chinese and Koreans entered the inner-city markets and provided all that the locals wanted to buy--including that famous Chinese "take away". One must wonder how many $billions have been made just selling "chicken fried rice".
So where did they get the capital? Really, I have no idea. Same for all those Dollar Stores that millions flock to--for cheap bargains.
Theorem: To survive and earn income in a capitalist society one must own capital and build up a network of social capital.
Project: 1)If no more than 1% of AAs open savings banks and bank $1,000 a year there would enough capital to buy up all those boarded up properties in the urban areas. They could add value to such properties and their neighbourhoods. They could revitalise the blighted urban areas with jobs going for all the necessary reconstruction. 2) If no more than 0.5% of blacks could open commercial banks they could use that capital to buy out all those Lebanese-owned hotels in West Africa. Plus their businesses too.
Of course, all of the above does not require going to Church on Sundays and other days and hearing Jewish folklore stories read out with passion. One should know by now that there is no such thing as "pie in the sky
The ESTABLISHMENT sells the World a lie. They make it appear that if AAs work harder they would be more proseperous. Never admitting that hey hate us because we are the indigenous Americans, and that our African and Black Native American ancestors made this land.
They keep us down by implying that we are cowards, when they know that AAs through the slave rebellions and wars with the Black Native Americans i.e., Yamassee, Seminole and Pequot Wars they can not defeat us unless they had ,back then the help of the mongoloid Indians, and sell out Black Native Americans. They don't fear mongoloid Indians, because except for the Cherokee and Iroquois most mongoloid Indians were nomads and owned no land. Black Native Americans owned land, that's why they had to report on government documents they were colored Americans, so as to erase them from "legal existence".
Foreign Asian immigrants get capital from the U.S. Government. They give them money to make businesses so the U.S., can look good overseas. To the Establisment providing Koreans and South Indians cash is just supporting another group of "whites".
They do everything in their power to stop AAs from being independent. Blacks can save every penny they wish and open their own Banks--whites are still not going to let them get anywhere.They will pick and choose those destined for success, so they can make the ignorant who try to be successful and fail, believe they did not work hard enough, and blame themselves when the system is set up for failure.
Hard work has nothing to do with the success of AAs. God has made us the only former slaves to to reach levels of success comparable to those of our former slave masters,You overcome this racism through prayer. God is Great, and s/he will knock down any barriers placed in front of you.
In addition, there is plenty of capital in the Black community. Every time you see a NBA game you are looking at 14 millionaires, who mainly spend their money on drugs.
The problem is the wrong people have the capital.
Europeans /whites have always rode our backs to economic success and riches beginning with the Black Native American slave trade which made New Englanders rich, into the Atlantic African Slave trade and Eli Witney, who became a millionaire due to his slave's invention of the Cotton Gin.
And secondly, the establishment is not going to let Blacks get the cash to be independent.This began with Marcus Garvey, up to Elijah Muhammad and the Muslims, Black Stone Rangers and Black Panther Party.
They owe us money double for our African and Black Native American ancestors who were made slaves, and the land they stole from my Black Native American ancestors.Only a fool would believe that whites will give us anything without the intervention of God. They have spent the last 500 years killing AAs and stealing our property, so I don't expect this to end as long as they have power over us.
posted
Mena: Somebody told the Arabs and Indians that are buying the gas stations that cost $500,000 to $1 million come to the USA with that money. Probably some rich Arab or Indian businessmen and families from the Arab peninsula and India finance them.
If the USA government wanted Black people to own small businesses like convenience stores, gas stations, beauty shops they would have finance them, they would have pass law giving the advantage to Native Black people instead of immigrant. The USA government finance small businesses overseas so they can finance black businesses in the USA. The USA government doesn't want an independent black middle class business class. Remember the destruction of black Wall Street.
We can see the same USA and Western policy toward black countries in the Caribbean and Africa. If the Western countries wanted some countries in Africa and the Caribbean to be rich their banks would have invested billions in those countries businesses, their corporation would have transferred hundred of factories in technology in those countries. That's what they did in Asia.
The problem is also many black people are so naives they don't live in reality they are believing in the USA elite and government deceptions, theaters, lies, propagandas and distractions.
Nice post Clyde: They get capital from the U.S. Government. They give them money to make businesses so the U.S., can look good overseas.
They do everything in their power to stop AAs from being independent. Blacks save every penny they wish and open their own Banks--whites are still not going to let them get anywhere.
In addition, there is plenty of capital in the Black community. Every time you see a NBA game you are looking at 14 millionaires, who mainly spend their money on drugs.
The problem is the wrong people have the capital.Europeans /whites have always rode our backs to economic success and riches beginning the Black Native American slave trade which made New Englanders rich, into the Atlantic African Slave trade and Eli Witney, who became a millionaire due to his slave's invention of the Cotton Gin.
And secondly, the establishment is not going to let Blacks get the cash to be independent.This began with Marcus Garvey, up to the Muslims, Black Stone Rangers and Black Panther Party.
They owe us money double for our African and Black Native American ancestors who were made slaves, and the land they stole from my Black Native American ancestors.Only a fool would believe that whites will give us anything without the intervention of God. They have spent the last 500 years killing AAs and stealing our property, so I don't expect this to end as long as they have power over us.
posted
Clyde the Iroquois Indians were black and mulato according to Catherine Acholonu. The Algonquin people were mulato and black according to David Imhotep.
The Indians, Chineses, Japaneses, Koreans are considered honorary Whites by White people. The Latino people (the Latin speaking people of Italy were probably mulato to)are use as buffer people against the black people.
I think MikeIII and Egmund Codfried Black European Monarchs were puppets since the Renaissance era and the expulsion of the Moors. White people were probably running Europe. How do we explain the creation of a racist colonial system in the two American continents that endure today.
quote:Originally posted by mena7: Clyde the Iroquois Indians were black and mulato according to Catherine Acholonu. The Algonquin people were mulato and black according to David Imhotep.
The Indians, Chineses, Japaneses, Koreans are considered honorary Whites by White people. The Latino people (the Latin speaking people of Italy were probably mulato to)are use as buffer people against the black people.
I think MikeIII and Egmund Codfried Black European Monarchs were puppets since the Renaissance era and the expulsion of the Moors. White people were probably running Europe. How do we explain the creation of a racist colonial system in the two American continents that endure today.
Iroquois and Algonquin was just the name of the confederation . There were Black and mongoloid Iroquois and Algonquins.
It is very important to remember that the Black Europeans did not relate to African slaves so it was easy for them to support racist policies.
Posts: 13012 | From: Chicago | Registered: Jan 2006
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quote:Each year, African Americans spend more than $47 billion on Lincoln automobiles, $3.7 billion on alcohol, $2.5 billion on Toyotas, $2 billion on athletic shoes, and $600 million each year on McDonald’s and other fast foods, according to Target Market News Inc., a Chicago-based marketing research group. If black America counted as an independent country, its wealth would rank 11th in the world.
quote: The Trillion Dollar African American Consumer Market: Economic Empowerment or Economic Dependency?
Sometime in 2013, the African American consumer market exceeded the trillion dollar mark for the first time. To put this figure in perspective, that market is larger than the market for the entire nation of Spain. In the article below business historian Robert Weems briefly describes rise of African American purchasing power since the end of slavery and what it means for both black Americans and the entire economy. Collective African American net income (spending power) now exceeds $1 trillion dollars annually. Because of this economic reality, a wide variety of contemporary companies continually create marketing campaigns to effectively reach this important segment of the U.S. consumer market. Yet, in the not-too-distant past, black consumers were all but ignored in the American marketplace. This article will provide an overview of this historical (and business) phenomenon.
One hundred years ago, African Americans were not perceived to be a viable consumer market. There were distinct social, economic, and political reasons for this situation. First, the vast majority of blacks, at the time, lived in the rural South isolated from America’s major cities/economic markets. Second, many of these individuals found themselves ensnared as peons and sharecroppers with little disposable income. Finally, the dictates of Jim Crow racial segregation relegated rural southern blacks to the margins of society, including being unable to vote.
Because of blacks’ marginality in the realms of economics and politics, early twentieth-century white Americans, including white businesses, believed they could, with impunity, denigrate African Americans. This helps to explain American advertising’s pervasive use of derogatory black images during this period. Many white companies regularly featured blacks with exaggerated physical characteristics in their advertisements. Others used the term “nigger” in naming products or derisively portrayed African American children as “pickaninnies.”
The World War I Great Migration of rural southern blacks to northern and southern cities, to take war-related jobs, followed by an even larger migration of southern blacks to northern, southern, and western cities during World War II, created a viable African American consumer market. By the end of World War II, blacks were strategically located in America’s major urban markets with money to spend. Consequently, white companies began to think in terms of a distinct African American consumer market worth pursuing. A growing number of these firms hired “Negro Market” specialists who became corporate America’s black pioneers.
The birth of Ebony magazine in 1945, as a venue to reach increasingly important black consumers was directly linked to growing African American urbanization. Similarly, the desegregation of Major League Baseball in 1947 represented another immediate result of blacks’ rising importance as consumers.
By the mid-1940s, the per capita income of blacks residing in cities with Major League Baseball teams compared very favorably with national white per capita earnings. This economic reality, coupled with the fact that African Americans were avid baseball fans (who had sustained their own Negro Leagues), motivated Branch Rickey of the Brooklyn (New York) Dodgers to conduct what one author has called “baseball’s great experiment” when he hired Jackie Robinson.
As other teams followed the example of the Brooklyn Dodgers, one of the consequences of the simultaneous desegregation of major-league rosters and the active courting of black consumer support was the subsequent decline and disappearance of black-owned baseball teams. Moreover, racial desegregation’s negative impact on the Negro Leagues would subsequently be reenacted in other economic venues.
Significantly, while mid-twentieth century American businesses began to recognize the importance of black dollars, African Americans themselves began to recognize how they could use their collective net income to bring about the dismantling of American apartheid. In fact, disciplined African American spending represented the cornerstone of the period’s evolving Civil Rights Movement.
The Montgomery (Alabama) Bus Boycott of 1955-1956 remains the model instance of organized black consumer activism. One cannot overemphasize the resolve demonstrated by Montgomery’s black community during this action. The widespread publicity given black Montgomery’s ultimately successful campaign for respect and dignity subsequently emboldened blacks throughout the South to follow New York Congressman Rev. Adam Clayton Powell, Jr.’s advice to “withhold the dollar to make the white man holler."
By the mid-1960s, African American consumer activism contributed to the passage of the Civil Rights Act of 1964. Among other things, this landmark legislation prohibited racial discrimination in the realm of public accommodations (including hotels, restaurants, theaters, sport arenas, etc.). Ironically, succeeding decades would illustrate the ability of white-owned businesses, rather than unfettered black consumers, to benefit from the Civil Rights Act of 1964.
In 1969, black marketing research expert D. Parke Gibson wrote The $30 Billion Negro, whose title reflected collective African American annual spending power at that moment in time. Since then, aggregate black net income has dramatically increased crossing the $1 trillion dollar threshold in 2013.
On the surface, the significant increase in African American buying power since the 1960s announced that blacks have made significant economic “progress.” Yet a closer look at the nuances of African American consumerism since the 1960s suggests that African American spending power might be better characterized as spending weakness. For instance, although blacks have acquired more money to spend since the 1960s, there has been a simultaneous decline and disappearance of historic black-owned enterprises.
Similarly, there has been a parallel decline in the infrastructure of urban black America’s business community as African American consumers increasingly spent their dollars in downtown and suburban shopping malls allowing white-owned enterprises to be the primary beneficiaries of nouveau-riche African Americans' spending patterns.
By 1970 African Americans were an overwhelmingly urban population. The 1970 census revealed that 81 percent of the national African American community resided in urban areas, compared to 72 percent of whites. Rural to urban migration continued but so-called “white flight” to the suburbs, during the 1950s and 1960s, also contributed to this demographic shift.
The emergence of black-oriented Hollywood movies illustrate the paradox of simultaneous growing black spending power and declining black economic autonomy. At the moment central cities across the United States were becoming increasingly black, Hollywood producers were desperate for ways to resuscitate an ailing motion picture industry. Television’s birth and growth had contributed to a dramatic decline in U.S. movie attendance. For example, between 1946 and 1970, the average weekly attendance at U.S. theaters dropped from 90 to 17.7 million moviegoers. Moreover, white movement to the suburbs included their abandonment of large downtown movie theaters. Consequently, in what one contemporary observer called “one of the greatest ironies of our time,” Hollywood turned to urban black consumers to help it avert financial ruin.
The huge financial success of Melvin Van Peebles’ 1971 independent film Sweet Sweetback’s Baadasssss Song clearly demonstrated the potential profits associated with appealing to black moviegoers. Shot in nineteen days, with a budget of $500,000, Sweet Sweetback, which chronicled the radicalization of a black male sex performer, grossed more than $10 million within a couple months. Because of Sweet Sweetback’s explicit sexual content, Van Peebles, an African American filmmaker, had to rely upon Cinemation Industries, a small distribution house that handled only pornographic films, to initially distribute Sweetback. Although this film debuted in only two theaters, one in Detroit, Michigan and one in Atlanta, Georgia it quickly broke box-office records in both locales. Moreover, through word of mouth, Sweet Sweetback soon became a nationwide box-office smash.
Based upon the success of Sweet Sweetback, Metro-Goldwyn Mayer made its own direct appeal to black moviegoers with its 1971 release of Shaft. This film, described as a black James Bond movie, proved to be an economic godsend to MGM (which had posted losses of $43 million for the previous two years). Costing only $1.8 million to produce, within a year Shaft had reportedly grossed more than $17 million. Predictably, MGM’s success with Shaft reverberated throughout other major Hollywood studios. In fact, by late 1972, nearly 25 percent of Hollywood’s total planned productions were black-oriented. By contrast, only 3 percent of Hollywood’s 1970 releases were films primarily intended for African American audiences.
Although Hollywood by 1972 had committed itself to actively woo the African American film-going public, the emphasis appeared to be on quantity, not quality. In fact, the overwhelming commercial success of the low-budgeted Sweet Sweetback and Shaft apparently convinced Hollywood producers that movies made for African American consumers did not need large budgets to be successful. Moreover, in the majority of the black-oriented movies of the 1970s, African American audiences were given extra heavy doses of Hollywood’s unholy trinity of sex, violence, and crime. Thus, while the term “blaxploitation” is grammatically incorrect, it does accurately convey the film industry’s manipulation of black consumers during this period.
The late 1970s also witnessed the emergence of hip-hop culture. Despite its community-based origins in the Bronx, New York, hip-hop’s subsequent co-optation by corporate interests evolved into another form of “blaxploitation.” By the mid-1980s, the vigorous competition between emcees (rappers) to produce powerful rhymes and lyrics, expanded to include the possession of various consumer goods.
A classic example of this development was Kool Moe Dee’s 1987 album, How Ya Like Me Now. Besides featuring a “rapper report card,” where Kool Moe Dee received the highest grade among current emcees, How Ya Like Me Now featured this artist on the cover flashing a customized Jeep and various pieces of diamond and gold jewelry in a vacant urban lot. In the context of later expressions of hip hop emcees’ success, which featured rappers in mansions, on yachts, and driving Bentleys, Kool Moe Dee’s braggadocio appears almost comical. Still, How Ya Like Me Now represented an important precursor to the “bling” phenomenon, with its focus on conspicuous consumption, that came to dominate hip hop (and influence its millions of fans).
Even before American companies devised marketing campaigns to reach black consumers within the “Hip Hop Nation,” they had crafted class-specific marketing campaigns to reach those African Americans who materially benefited from the Civil Rights Movement. This “market segmentation” led to two distinct forms of advertising aimed at African American consumers. Ad campaigns directed toward working class African Americans (for fast foods and alcoholic beverages) featured the liberal use of African American street vernacular. Conversely, ad campaigns aimed at the black middle and upper classes (for financial services and travel) rejected the use of “slanguage.”
Black Enterprise magazine, established in 1970, became the premier gateway to the African American well-to-do by the late 1980s. As indicative of larger societal trends, this periodical’s emphasis, over time, shifted from extolling independent black entrepreneurship to extolling black managerial success in white corporate America.
Growing collective African American annual income, which crossed the trillion dollar threshold in 2013, has primarily enhanced the profit margin of major corporations, rather than facilitate positive economic activity in black communities. The sad state of many contemporary urban black enclaves starkly reveals this fact. An examination of the black insurance industry’s recent history provides sobering insights into the seemingly self-destructive nuances of contemporary African American consumerism.
African American insurance companies, historically, represented a cornerstone of black economic development. Yet, notwithstanding their historic tradition of serving the African American community, the number of viable African American insurance companies in the U.S. has declined from over 50 to 2 between the late 1960s and today. Moreover, based upon recent trends, the two remaining black insurers (North Carolina Mutual and Atlanta Life), may disappear from the landscape of American business by the end of this decade.
Significantly, the recent decline of urban black America’s infrastructure appears linked to the disappearance of black-owned insurance companies. These firms, historically, reinvested a consequential proportion of their premium income back into black community real estate. The industry provided badly needed capital for the home mortgage market in black urban communities. With the disappearance of these firms and the continuing reluctance of major banks and other financial institutions to invest in black neighborhoods, African Americans with more income than ever before nonetheless were more likely to get sub-prime bank loans. These loans, in turn, helped create the 2008 economic collapse which wiped out a disproportionate amount of black homeowner equity.
During the past one hundred years, African Americans have clearly gained visibility and importance as a consumer market. Yet, during this same period, African Americans have lost much of their historic business infrastructure. From an economic standpoint this is especially disturbing because it is most advantageous to be a producer, as well as a consumer.
CHICAGO (FinalCall.com)--If Black America were an independent country, its wealth would rank it as the 11th richest in the world, according to a consumer research document that analyzes Black spending power annually.
But, that spending power is being squandered, observers note, relegating Black America to economic slavery, instead of financial freedom.
"The Buying Power of Black America" recently was released by Target Market News Inc. (TMN), a Chicago-based marketing research group. The analysis of Black spending power last year showed that some $631 billion flowed through Black hands. By comparison, the United States ranked first in Gross National Income (GNI), at $9.6 trillion in year 2000 figures.
"That comparison that we published is designed to get people to respect us as an economic force, but the truth is we don’t behave in the same way those nations do. So while the comparison is not totally there, it makes a point that we are an economic force," TMN Editor Ken Smikle told The Final Call. "Folks wonder why we don’t spend more money with us, but the real issue is we don’t have access to capital to build businesses that are convenient to where we shop and where we live.
"Our expectations are understandable because of the centuries of discrimination we’ve suffered, and folks want to see us be the answer to our own problems that we didn’t create. But asking us to go out of our way to do something that nobody has to do because of a circumstance we didn’t create or perpetuate, I think, is unrealistic," he continued.
Mr. Smikle refutes the idea that the circulation of money in a community can be documented. And he argues that economic independence can be arrived at, if Black Americans reach out to build trade relationships with the international market.
"We don’t want to become an isolated community that only circulates its dollars amongst itself. We’re part of the world and we have to spend our money with the world," he said.
But others argue that a focus on circulating more money within the Black community is key to economic empowerment, and that spending power does not necessarily equate to economic strength.
"There is no such thing as consumer power; its an oxymoronic term," claims Dr. Claude Anderson, author of the book, "Powernomics." In a capitalistic society, he argues, producers, distributors and sellers have power over the consumers, and that Black Americans are exactly where they were in 1860 on the eve of the Civil War.
"At that time, 98 percent of the Black people in America were enslaved and we had half of one percent of this nation’s wealth. One hundred and forty years later, when we’re supposed to be free, we still have half of one percent of the wealth of the richest nation on earth."
Group economics A major reason for Black America’s failure is the inability to recycle its money within its communities, he implied. Nearly all of Black income is spent directly outside of Black hands, because Blacks do not practice group economics—pooling of money, focusing it into one geographical area and purchasing in a bloc, he added.
A perfect example of group economics, according to Dr. Anderson, was accomplished in the Greenwood District of Tulsa, Okla., in the early 1900s—a time when legal segregation forced Blacks to do business among themselves. Commonly referred to as "Black Wall Street," the area became a nationally recognized entrepreneurial center, as dollars circulated 36 to 1,000 times within the Black community, according to authors Jay Wilson and Ron Wallace in their book on the subject.
Among over 600 successful businesses were 21 churches, 21 restaurants, 30 grocery stores and two movie theaters, plus a hospital, a bank, a post office, libraries, schools, law offices, a half-dozen private airplanes, and even a bus system. On a fateful June 1, 1921, the business district was bombed from the air and burned to the ground in a riot by mobs of envious Whites, including ranking city officials.
Today, there are 38.3 million Blacks in America and over 400,000 Black businesses, according to Dr. Anderson. He claims that in the past 25 years, other ethnic groups have increased their disposable income and out-produced Blacks in wealth because they practice group economics, resulting in the creation of more businesses.
"One out of every 10 Asians is in business; one out of 35 Whites is in business; one out of every 54 Hispanics is in business; and only one out of every 104 Blacks is in business," he said.
Dr. Anderson encourages Blacks to use what he calls competitive advantage in industries where Blacks dominate in consumer patterns or in population.
"If you consume more leather than anyone else, you should be manufacturing leather," he said. "Blacks need to come together, pool their resources, build industries around their competitive advantages and control everything from the resources at the bottom to the manufacturing and production, warehousing and distributing, all the way to retail market at the top, and confine their money by buying Black and selling to any color.
"Otherwise, they will never be able to survive in this society," he said.
Land, the basis of wealth Dr. Ridgely Muhammad, an agricultural economist and manager of Muhammad Farms, said that the definition of "slave"—a person who has lost control of himself and is dominated by something or someone—describes the economic condition of most Blacks in America.
He points to the Economic Program of the Honorable Elijah Muhammad as a solution to the ills of the Black community. And it starts with the land, he said.
"When I heard the Hon. Elijah Muhammad say that agriculture is the root of civilization, I changed my major in undergraduate school from architectural engineering to agricultural economics," he said.
"The children of Israel were taken out of Egypt and given he Promised Land so they could be a free people. There has never been in the history of the world a people who were free and independent with no land. The number one thing a nation must do is feed its people," he said.
Dr. Muhammad said that the American agricultural economy is being slowly worn down, explaining that 90 percent of family farm income comes from off-farm employment.
To help save Black farms, he proposes that Blacks in each city form a buying group to collectively purchase produce in bulk orders for distribution throughout the community. Several major cities, he said, have buyers clubs successfully underway. He also commended the POWER company and MATAH network for striving to lead in the manufacturing and distribution of Black products and goods.
"We’ve got good jobs, but we end up paying the money right back to the people who we’re working for. The White man’s system only works if there is a slave, because the ‘upper crust’ doesn’t do any work. They call it capitalism," he said.
According to Dr. Jawanza Kunjufu, author and publisher of "Black Economics: Solutions for Economic and Community Empowerment," the three ways to develop wealth are entrepreneurial ventures, real estate or the stock market.
A recent Chicago Sun Times report showed that Black investment in the market dropped from 74 percent last year to a current 61 percent, and that Blacks are looking into real estate as a more viable investment option.
The TMN report says that housing was Black America’s greatest expenditure in 2002, at over $131 billion.
Entrepreneurship, which Dr. Kunjufu said was championed for Black Americans by the Honorable Elijah Muhammad and Marcus Garvey, offers many challenges. He claims, however, that Black Americans could maintain their communities, despite a nine-year peak in unemployment, by supporting Black businesses.
"For every $1 billion that we spend with each other, we employ 50,000 more of our people," he said.
Asians and Jews circulate money better, he said, because they make decisions based on community, while Blacks make decisions based on price. But Blacks hesitate to support Black merchants because their prices may be higher or the same as the competitor, he added.
The challenge also lies, he said, in location. The 25 percent of Black households that earn a substantial income live in the suburbs where there are considerably fewer Black businesses, said Dr. Kunjufu.
"If your best Black minds do not live or work, spend, volunteer or invest in the Black community, can it be anything else but a ghetto?" he asked.
"We have a lot of income, but we don’t have a lot of wealth. And we don’t have wealth, because we simply transfer our wealth to others by spending most of that with businesses other than our own," said James Clingman, who is an adjunct professor at the University of Cincinnati and founder of the Greater Cincinnati African American Chamber of Commerce.
Mr. Clingman echoed others who say that control of manufacturing, production and distribution are key to economic empowerment. But he also contends that Blacks have psychological barriers.
"We’re also rich in intellectual capacity, and that’s what bothers me," he continued. "If most of us were not psychologically enslaved, we would be spending with one another, we would be building more businesses and supporting them, we would be pooling our capital and pooling our intellectual resources and doing more for our people, just like others are doing in this country.
"The only reason I see for us being the most educated and intellectual Black people on this earth, and having nearly $700 billion go through our hands and still be in the condition that we’re in, is that we’re still psychologically enslaved. There’s no way that this White man can do to us what he does and we just accept it. We have to stop accepting it. Turn inwards, look inwards to our own resources and do more for ourselves, regardless of what he does," he said.
quote: Finally, it fails to acknowledge the obvious: Anytime anyone buys anything from someone else, that person is arguably sending someone else's kids to college. So why the criticism of black women's spending and styling habits specifically?
Some will spend stupidly, some will invest, some will go to school/training, some will buy real estate. stocks. bonds, pay down debt, start businesses, tend to health concerns.
Get it ???
-------------------- Keldal Posts: 2818 | From: new york | Registered: Apr 2014
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posted
Most people don't get it. The money from slavery, genocide and colonization went to the royal families and then the elite families in the United States who were part of the European system. George Washington was part of the British Aristocracy and slave owning elite. The fact that he became "American" was simply a label change on top of the same system of colonial wealth extraction created by Britain. The House of Burgesses was the ruling corporate body that managed the colony for the crown. It was structured like a government with a house and assembly. Only plantation owners and slaveowners could vote in this body. And from that comes the structure of the American congress and legislative bodies, along with all state governing bodies and the law itself as a direct copy of British common law. So it is simply a question of will in the sense that the facts are that the wealth went to the elite families who ran the colonies (before and after independence) along with those who ran the banks, insurance companies and everything else. This is not a question of 'rank and file' European immigrants other than they went along with laws that were obviously immoral, but they didn't have the money. And all the laws came from the top down starting with the slave codes and black codes which were passed by the House Burgess and continued AFTER independence in the form of slavery and later Jim Crow segregation, all of which is a direct continuation of the policies put in place by the "corporation" who established the colony in the name of the crown.
Now, I don't think that reparations needs to be in the form of direct payments to individual black folks today. However, just $100 billion dollars could be put into various investment accounts and used to fund new schools and education for black folks, low interest loans and financing for new black businesses, funding for programs to spur development in black urban areas, grants and low interest loans/scholarships for blacks with qualifying scores to get into college. That would go a long way to help the situation. But of course that is if we had an organized body really pushing the issue.
Posts: 8889 | Registered: May 2005
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posted
"Now, I don't think that reparations needs to be in the form of direct payments to individual black folks today."
Why not ????
Fund Schools and education ??? Do you know how much of school budgets are stolen and spent on the physical plant (contracts), salaries for bureacrats, ....etc...
loans and financing for new black business ???
What makes you think most people who get money wont: 1. buy a house, pay for schooling for themselves or children, use it on health care, to pay down debt, start businesses, etc... ????
Why do you insist on trying to control Blacks who would receive reparations which is merely money for lost wages plus interest for their forbears.
Does anyone tell you how to spend your salary or inheritance ???
-------------------- Keldal Posts: 2818 | From: new york | Registered: Apr 2014
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quote:Originally posted by kdolo: All very interesting Troll ......
but wholly and totally irrelevant.
Reparations: for stolen wages plus interest.
What the recipients do with it ..... irrelevant.
Some will spend stupidly, some will invest, some will go to school/training, some will buy real estate. stocks. bonds, pay down debt, start businesses, tend to health concerns.
Get it ???
Yep, I got it.
How you estimate the percentage of who is going to do what, on spendings?
quote:Originally posted by Doug M: Most people don't get it. The money from slavery, genocide and colonization went to the royal families and then the elite families in the United States who were part of the European system. George Washington was part of the British Aristocracy and slave owning elite. The fact that he became "American" was simply a label change on top of the same system of colonial wealth extraction created by Britain. The House of Burgesses was the ruling corporate body that managed the colony for the crown. It was structured like a government with a house and assembly. Only plantation owners and slaveowners could vote in this body. And from that comes the structure of the American congress and legislative bodies, along with all state governing bodies and the law itself as a direct copy of British common law. So it is simply a question of will in the sense that the facts are that the wealth went to the elite families who ran the colonies (before and after independence) along with those who ran the banks, insurance companies and everything else. This is not a question of 'rank and file' European immigrants other than they went along with laws that were obviously immoral, but they didn't have the money. And all the laws came from the top down starting with the slave codes and black codes which were passed by the House Burgess and continued AFTER independence in the form of slavery and later Jim Crow segregation, all of which is a direct continuation of the policies put in place by the "corporation" who established the colony in the name of the crown.
Now, I don't think that reparations needs to be in the form of direct payments to individual black folks today. However, just $100 billion dollars could be put into various investment accounts and used to fund new schools and education for black folks, low interest loans and financing for new black businesses, funding for programs to spur development in black urban areas, grants and low interest loans/scholarships for blacks with qualifying scores to get into college. That would go a long way to help the situation. But of course that is if we had an organized body really pushing the issue.
You're right.
There exists an A-list of companies who arose from slavery, who had African slaves (picking cotton etc ...). Some of these companies transferred to different business ventures later on, with the wealth they gained from the slave trade.it's being said that the whole stock marketed is based on they buying and selling of slaves principle.
Secondly, I've seen a Elijah Muhammad's speech once where suggest that America should help the African American/ black men to recover from the tragic history. This would take up about 25 years of heavy investment in schooling, housing, social development etc .... If correct it was in his last speech, given at, "Saviors Day".
Last but not least. We had, Tulsa aka Black Wall Street. A strong economy and totally independent region of black business owners. Which was burned down to the ground by white supremacist. We can learn a few things from that particular event. And how they've reacted. What Clyde has posted is a direct result of this Tulsa action/ boycott.
quote: But of course that is if we had an organized body really pushing the issue.
What've been explaining all along.
Posts: 22234 | From: האם אינכם כילדי הכרית אלי בני ישראל | Registered: Nov 2010
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Jews were restricted entry into Harvard by the "numerus clausus"[quota] principle so what did they do? Just went down the street and founded and opened MIT. Some say that MIT is the best science school in the world. Maybe, but it's darn hard to get into.
A Jewish man was denied membership into an elite golf club. What did he do? No, he didn't burn it down. He just got the right amount of cash and bought it. But really, I don't know what happened to the previous members.
The Jews lived in Germany and Poland for at least 2,000 years[the average black has been in the U.S. for approx. 250-270 years] but when The Nazis brought the hammer down on them they were either put in camps of they fled. Any nostalgia for Germany? Hardly. But they may be indeed thinking about how to buy out Mercedes-Benz and Volkswagen.
So what is the meaning of these 3 anecdotal parables?
quote:Originally posted by lamin: Indians from India traveled all the way from India to the U.S. to corner the Motel market. Almost the same with gas station market.
The Chinese came all the way from China to own a big niche in the restaurant market. That has been going now for almost 100 years. Almost all big cities have China-towns--meaning anything you want from China you can get there without having to travel to China.
The Chinese and Koreans entered the inner-city markets and provided all that the locals wanted to buy--including that famous Chinese "take away". One must wonder how many $billions have been made just selling "chicken fried rice".
So where did they get the capital? Really, I have no idea. Same for all those Dollar Stores that millions flock to--for cheap bargains.
Theorem: To survive and earn income in a capitalist society one must own capital and build up a network of social capital.
Project: 1)If no more than 1% of AAs open savings banks and bank $1,000 a year there would enough capital to buy up all those boarded up properties in the urban areas. They could add value to such properties and their neighbourhoods. They could revitalise the blighted urban areas with jobs going for all the necessary reconstruction. 2) If no more than 0.5% of blacks could open commercial banks they could use that capital to buy out all those Lebanese-owned hotels in West Africa. Plus their businesses too.
Of course, all of the above does not require going to Church on Sundays and other days and hearing Jewish folklore stories read out with passion. One should know by now that there is no such thing as "pie in the sky".
Consigned. You got it.
Posts: 22234 | From: האם אינכם כילדי הכרית אלי בני ישראל | Registered: Nov 2010
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quote:Originally posted by kdolo: "Now, I don't think that reparations needs to be in the form of direct payments to individual black folks today."
Why not ????
Fund Schools and education ??? Do you know how much of school budgets are stolen and spent on the physical plant (contracts), salaries for bureacrats, ....etc...
loans and financing for new black business ???
What makes you think most people who get money wont: 1. buy a house, pay for schooling for themselves or children, use it on health care, to pay down debt, start businesses, etc... ????
Why do you insist on trying to control Blacks who would receive reparations which is merely money for lost wages plus interest for their forbears.
Does anyone tell you how to spend your salary or inheritance ???
quote:Originally posted by kdolo: Stolen labor....plus interest.
The calculations have been done already....
Dr. Skip Gates of Harvard did a study a while back if I recall....
The number came up to approximately
1 trillion dollars.
If you take the 1 trillion dollars and divide it equally amoungst the 39 million African Americans in the U.S. each person gets twenty-six dollars
In 1870 the AA population was around 5 million today it's near to 8 times greater If you took the trillion and divided equally amoungst the 1870 black population it's about $200 per person ( but that would be worth about $3,600 back then)
Now suppose every African American today got a check for $3,600 ?
The total would be 140.4 trillion dollars
Posts: 42919 | From: , | Registered: Jan 2010
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quote:Most people don't get it. The money from slavery, genocide and colonization went to the royal families and then the elite families in the United States who were part of the European system. George Washington was part of the British Aristocracy and slave owning elite. The fact that he became "American" was simply a label change on top of the same system of colonial wealth extraction created by Britain. The House of Burgesses was the ruling corporate body that managed the colony for the crown. It was structured like a government with a house and assembly. Only plantation owners and slaveowners could vote in this body. And from that comes the structure of the American congress and legislative bodies, along with all state governing bodies and the law itself as a direct copy of British common law. So it is simply a question of will in the sense that the facts are that the wealth went to the elite families who ran the colonies (before and after independence) along with those who ran the banks, insurance companies and everything else. This is not a question of 'rank and file' European immigrants other than they went along with laws that were obviously immoral, but they didn't have the money. And all the laws came from the top down starting with the slave codes and black codes which were passed by the House Burgess and continued AFTER independence in the form of slavery and later Jim Crow segregation, all of which is a direct continuation of the policies put in place by the "corporation" who established the colony in the name of the crown.
Now, I don't think that reparations needs to be in the form of direct payments to individual black folks today. However, just $100 billion dollars could be put into various investment accounts and used to fund new schools and education for black folks, low interest loans and financing for new black businesses, funding for programs to spur development in black urban areas, grants and low interest loans/scholarships for blacks with qualifying scores to get into college. That would go a long way to help the situation. But of course that is if we had an organized body really pushing the issue.
Useful historical information. "Reparations" is a good idea but the issue is what are its chances of success on legal grounds? Can the case rely on "stare decisis" precedents?
Here are some considerations that opponents use in opposition. 1) The captives were mainly prisoners of war captives--see Theo Conaut's "A Slaver's Log" for evidence on this. Conaut slaved on the West coast of Africa fro 20 years--and they were first bartered away after being brought to the coast to be inspected by the European shippers waiting for the baracoons to fill up. The shippers then bought the captives who were then put on board the ships then eventually transported to the Americas. Now that's where litigation should start. Transactions were made and deals were closed. Who should bear legal blame in this instance? Were such transactions illegal according to European/British, French/Spanish/Portugese law at the time. What about West African customary law? What did it say on the matter?
It is fact though that in the Muslim areas of West Africa slavery was indeed legal. The Sokoto Caliphate of Northern Nigeria had 2 million slaves even after slavery was abolished in Brazil. Even today slavery is defended in Mauritania(West Africa) on Islamic grounds.
In Europe slavery became illegal as follows: Russia 1723, Greece 1822, Spain 1811, England and Wales 1722, Prussia(Germany) 1807, France 1818, etc.
But assume that the West African captives could sue for "punitive and compensatory damages" they would have to be alive to do that legally. Their descendants could not legally sue today because they will have to find the actual persons who did the selling. The problem is that they are now all dead.
The same principle would apply on the other side of the Atlantic--on strict legal grounds. Their descendants could sue on the victims of slavery but the reply would be that the true plaintiffs are no longer alive and there is no legal document giving their descendants "power of attorney" in such matters.
Lost wages? Defendants would argue that "the slaves were legally property and their upkeep and housing were 'wages in kind'"
Even today in the U.S. victims of State crimes are not in any way fully compensated. The relatives of the dead victims of police brutality are not compensated by the State according to the law.
Thus, there are no comparable "stare decisis" situations that hold in both West Africa and Europe.
But there are strong moral grounds for there to be some settlement which should first start with West Africa[charity begins at home] which could serve as precedent for the Americas. The war captives initially lost lands, property, and their birthrights--so settlements on that should first be forthcoming for the willing.
The European side of the compensatory equation would require a lot of hard legal work. Take the case of Apartheid South Africa. The victims of Apartheid have not been compensated and the lands of the indigenous are still in the possession of the European settlers. There was a "Truth and Reconciliation" Committee, but that was all.
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