Corrente

If you have "no place to go," come here!

The permanent economic crisis...

... in the global black community. Lots of linky goodness from voxunion:

While much of the U.S. is now forced to hear of an economic crisis few are aware or concerned with the permanent economic crisis for African America and the African world.  This Black American “permanent recession” is often hard to identify because of repeated references to a mythology of “buying power meant to convey an economic strength which simply does not exist.  A focus on colonialism or the colonial model does help to identify this as part of a wider permanent crisis facing us all.  No one escapes being connected to the rest and all are subject to the interwoven relationships between wealth, income and power.

Yep. Don't think of Katrina as a "natural" disaster.

Think of it as a successful experiment.

0
No votes yet

Comments

Submitted by brucedixon on

is a staple of our black misleadership class, indistinguishable from our black business class. It's promulgated everywhere among black folks to sell them the mistaken notion that the advancement of the black business is an absolute precondition to the advancement of all of us.

It's absolute nonsense of course and easily disproven. But facts have never been know to get in the way of a good story, especially a story that justifies the interests of an elite.

For instance I live in metro Atlanta, where Maynard Jackson (Atlanta's first black mayor, beginning in 1976) used the building of Hartsfield Airport to create almost 20 black millionaires and a thriving, empowered contractor class that went nationwide with the election of more African Americans to local office across the country. By 2005, Atlanta had more black businesses than anyplace except metro DC. But at the same time, majority black Atlanta was nationally number 5 in child poverty, only a percentage point behind permanently depressed pre-Katrina New Orleans.

Arguably Roger Toussaint, the leader of NYC's transit union, with the strike they led about five years ago to keep from two-tieriing MTA's wage and benefit structure, protected and uplifted the economic status of more black families in that single labor action than all the five black American billionaires (or near-bilionaires ... Cosby, Oprah, Bob Johnson, Russell Simmons and somebody else I can't recall) have in their entire careers.

The myth of black buying power ultimately discourages collective action in favor of consumerism, and transforms black American from a polity to a mere marketing opportunity. We are hoping to rope a few folks into doing some essays on different aspects of this phenomenon sometime soon.

Submitted by lambert on

I thought the points made in the original quote were great, but I didn't have the knowledge to inter-connect as you just did. When that series comes up, do feel free to cross-fertilize by cross-posting....

Valley Girl's picture
Submitted by Valley Girl on

this is just a quick "drive by" kinda response, bec. I have to appear at one of those u events. I'll try to come back later with something more substantial.