“Everyone Makes Money off of the Poor”

Final Jeopardy DAILY DOUBLE:

Church’s Chicken

BET

Def Jam Records

Jimmy Jazz Clothing Companies (such as RocaWear, Babyphat, AppleBottom, & Coogi)

Essence Magazine

George Foreman Grill

Dark & Lovely

Contestants:

  • #1″I’ll take things that are not black owned for reparations Alex”
  • #2″What is the Rich get Rich, while the Poor become Poorer”
  • #3″The dilapidating state of black wealth in America due to lack of investment in self

The hood is ugly…
Truth- We lower our property value with craziness (substitute whatever word you want for craziness) so businesses, i.e. money doesn’t invest in us. We rob them/loot when they do. It’s not the city’s responsibility to paint our homes, paint your porches, keep your gardening and landscaping up, etc. If you invested money in your home/on your home like “others” do, I bet the hood would turn into a neighborhood.  We must stop throwing beer bottles, candy wrappers, chip bags, chicken bones, and other misc. shit on the ground, in our yards, other people yards and invest our money in bs, i.e. rims flat screens…. which is a bit of lunacy since your home is the most valuable thing you own.  Each house on your street is a reflection of the people inside.  Quite frankly, growing up our grandparents had their homes looking polished and nice. Generation Crack came and didn’t upkeep anything.

Honesty: Guess what nothing from nothing is. Nothing. Do some or shut up already.

“While the “Don’t Buy” campaigns succeeded in creating thousands of new positions, hundreds of thousands of urban blacks remained un- or underemployed. Nonetheless, this very visible strategy had enormous symbolic impact. People became convinced that African-American purchasing power truly meant power, and other efforts to tap it emerged. Most notable was a resurgence of interest in founding black businesses and a renewed confidence that black consumer spending could keep them viable. Supporters included not only established leaders of the black business community and the growing number of individuals who were setting their hopes, along with their meager savings, on a small business; new voices also emerged. W.E.B. Du Bois proposed new consumer strategies as part of his fundamental shift from the NAACP’s traditional emphasis on integration to black separatism, a move that so alienated many of his NAACP colleagues that he consequently resigned membership in the organization that he had helped to found. Du Bois argued for supporting independent black economic enterprises through a policy of “voluntary segregation.” It was a mistake, he wrote in 1931, “to think the economic cycle begins with production, rather it begins with consumption.” Later he expanded, “The consuming power of 2,800,000 Negro families has recently been estimated at $166,000,000 a month-a tremendous power when intelligently directed…. With the use of their political power, their power as consumers, and their brain power … Negroes can develop in the United States an economic nation within a nation, able to work through inner cooperation, to found its own institutions, to educate its genius.”

–LIZABETH COHEN

Black Power of the Purse

A Consumers’ Republic:

The Politics of Mass Consumption in Postwar America

Alfred A Knopf New York Jan03

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