Black Group Economics is the First Step toward True Black Empowerment
As more and more blacks in America become cognizant of the true culprit associated with their perpetual struggle, they are left with the problem of deciphering the codes that will allow them to break free of the chains of bondage that effectively limit them in their quest for empowerment. To gain a lucid understanding of the primary issue that underwrites the suffering of blacks, one only needs to examine the aggregate economic prowess of blacks in America. Because of the lack of practicing black group economics, white supremacy racism has made easy work of keeping blacks in a position of economic futility and impotence.
Economic Castration
From the beginning, blacks in America, as a whole, have been kept out of the fluid flow of the economic infrastructure in this country. When the Civil War ended, blacks in this country had managed to gain ownership of one half of one percent of this nation’s wealth. Here we stand 150 years later, and blacks still own only one half of one percent of this nation’s wealth. In order for that to happen, there has to be a deliberate system in place that ensures it.
In order for blacks to compete in the national economy, they must have equal footing in the game. Dr. Claud Anderson makes this analogous to the game of Monopoly. We have all played the game at some point in our lives. The key to the game is that everyone starts out with the same amount of money. As the game progresses, the participants acquire land, rental properties and businesses. The one who is best at this wins. Now imagine having to start the game off with no money. That is the burden that blacks have been shouldering for more than 150 years.
This is why the entire bootstrap concept has failed immensely for blacks. The rise of the talented tenth has presented a fallacious concept that offers the argument that all blacks have to do is pull up their boot straps and get to work. Just as Dr. Anderson has stated numerous times, blacks in America are trapped in a real live Monopoly game in which we own no wealth while attempting to compete with those who own the wealth. The deck is stacked.
Black Empowerment through Group Economics Practiced Vertically
I have presented this truth on multitudinous occasions, and I will continue to push it until it finally registers in the mind of the majority of blacks in this country. We reside in a country in which the economy flows through the conduit of wealth. Without ownership of land, real estate properties, businesses and other wealth building assets, blacks will never be able to compete.
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What we must understand is that the American government will never give us that fair footing that comes with ownership. This means that we must be willing to take it. How do we accomplish this? We take it through the practice of vertical group economics.
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Allow me to elucidate the phrase, “vertical group economics.” When I say that we should practice vertical group economics, most people envision blacks supporting only black owned businesses, and this is definitely a part of black group economics. However, vertical group economics consists of much more than patronizing black businesses. Vertical group economics is the practice of group economics in a manner in which we seek to dominate an entire industry. For example, blacks generate 96 percent of the revenue in the beauty supply industry, but we only own three percent of the businesses in the industry at any level. We should completely dominate the industry.
To dominate the industry would call for ownership at every level, creating a vertical economic structure that would present the black retailer, who would purchase all of their supplies from the black distributor, who purchases their goods from the black manufacturer. All of this would begin with black designers, inventors and creators. In this system, there would be no need for black business owners to move horizontally out of their vertical economic infrastructure to do business with a non-black. As things stand now, even black business owners have to take black dollars to the economic structures of other groups in order to supply their businesses.
It is simple, if we want to build a powerful foundation, we must do it through black group economics practiced vertically. ~ Rick Wallace, Ph.D., Psy.D.