The Economic Viability of Black America PT IV
Posted: Thu Aug 16, 2007 6:34 pm
One study on black capitalism has proven that it was not a viable solution to the issue of black economic inequality. We have also reviewed many reasons and theories for the current state of affairs as is, one of them being a lack of education or a lack of interest in education. But what we have yet to look at is blacks working in concert with each other for something other than, or in addition to, philanthropic or civil rights-oriented issues. For instance, let us look at education first. It is well known through many state and national studies that public schools are sorely lacking in their level of education compared to private schools. Some attribute this fact to the smaller, more personalized environments of private schools. Smaller schools mean less students, which means smaller classes, which means the teachers can give more personal attention to students than they would be able to in a larger classroom environment. The one hurdle, however that keeps most black families from immediately withdrawing their kids from public schools to place them in these privatized institutions is, of course, money. A people with limited income can simply not afford to pay the tuition cost of private school. If the most financially successful blacks were to gather all, or at least a good majority of their economical, social, and political resources and then funnel these resources into reshaping the black mindset, community, and economic situation, perhaps things would actually change. Let me explain.
In the vein of private schools, a foundation of inner-city educational centers could be set up throughout the country. These educational centers would be free for interested parents and children and would serve as a supplemental learning environment to public and private schools. There would of course be a finite number of spots for students but these would be given out on a first come, first serve basis and would be rotated every three months or so. These centers would involve not just traditional learning but cultural learning as well. This would serve as a place where children can learn anything from black history, to real world applications of what they learn in school, to vocational and craft training, to the musical, and visual arts as well as applying the computer as a practical and artistic tool. All teaching would be done in the form of games and interactive lectures that encourage students to participate through discussion, questions, demonstrations, and experimentation. Children are possibly more apt to take an active interest in learning and actually learn if it's made more appealing. These centers would rely on the communities they are situated in to support them, which in turn would rely on that community to support itself and its members, financially speaking.
For example, let us say that a black entrepreneur wanted to open a restaurant with the goal of opening a second, third and fourth within a five to six year span, yet he lacks the capital to do so. A black investor offers him the money he needs with a few attached stipulations. The investor would become a forty percent minority partner in the business and would agree to help market it and keep it afloat. The restaurateur would agree to sign a contract to this end with an additional stipulation. Once the owner was securely established in his business, that is successful, and had paid back the initial investment, he would then in turn have to invest in another black person's success. Once this is done, the investor would reduce his partner percentage to ten percent and for each person the restaurant owner invested in, the initial investor would reduce his percentage by one percent to a minimum share of one percent. As an additional part of the contract, the owner of the restaurant would have to present, and have signed, a like contract with the person(s) within whom they are investing.
Ideally, this would accomplish several goals. It would provide several incentives to all involved parties. The investor is going to see his initial investment returned back to him in addition to a never-ending revenue stream of no less than one percent of gross profit from whatever business(es) or person(s) within whom he/she invest. The person who was invested in, would now be a bona fide business owner with the potential to expand and grow that business behind the financial backing that they need. They would then go on to become an investor in someone else's success and they themselves would receive revenue from that investment. The person they invest in would go on to do the same thing and so on. This has the benefit of tying the black community into an infinite progression of cause and effect loop. We take interest in ensuring the success of those we invest in because it in turn makes us a profit, and they take an interest in those they invest in because it in turn makes them a profit which makes us a profit, and they take in an interest in those that they invest in which in turn makes them a profit, and in turn makes a profit for those that invested in them, which in turn makes a profit for us and so on.
What you now have is an ever lengthening chain of people tied to one another's successes and as long as someone has something invested in it, they will most likely always take an interest in those who have a direct economical effect on them. Theoretically, providing this circulates nationally, it would make blacks more of an economic powerhouse because it combines their financial strength and helps to compensate for financial weaknesses.
Because, in today's society, in today's America where the opportunities and money are nigh unlimited, blacks must seek to possess more than a mere fraction of the overall wealth of what is most likely the wealthiest country to ever exist. As a people, blacks cannot sit idly by, they cannot be content to take what they are given because that has been their position since their forced arrival into this country. The truth is... that financially, economically, blacks are simply not a factor and if we do not make a concerted effort to become more so, then we will always remain scraping at the bottom of the financial barrel. We must actively shed the skin of the past and grow into a new future in order to become an economically viable group. And considering the lessons that we have learned, and the experiences that we have gone through, the tools exist to do just that. All we need to do is take advantage of them and utilize them to build a strong foundation of viability from which we can erect a structure of economic freedom that will house all American blacks for generations to come.
In the vein of private schools, a foundation of inner-city educational centers could be set up throughout the country. These educational centers would be free for interested parents and children and would serve as a supplemental learning environment to public and private schools. There would of course be a finite number of spots for students but these would be given out on a first come, first serve basis and would be rotated every three months or so. These centers would involve not just traditional learning but cultural learning as well. This would serve as a place where children can learn anything from black history, to real world applications of what they learn in school, to vocational and craft training, to the musical, and visual arts as well as applying the computer as a practical and artistic tool. All teaching would be done in the form of games and interactive lectures that encourage students to participate through discussion, questions, demonstrations, and experimentation. Children are possibly more apt to take an active interest in learning and actually learn if it's made more appealing. These centers would rely on the communities they are situated in to support them, which in turn would rely on that community to support itself and its members, financially speaking.
For example, let us say that a black entrepreneur wanted to open a restaurant with the goal of opening a second, third and fourth within a five to six year span, yet he lacks the capital to do so. A black investor offers him the money he needs with a few attached stipulations. The investor would become a forty percent minority partner in the business and would agree to help market it and keep it afloat. The restaurateur would agree to sign a contract to this end with an additional stipulation. Once the owner was securely established in his business, that is successful, and had paid back the initial investment, he would then in turn have to invest in another black person's success. Once this is done, the investor would reduce his partner percentage to ten percent and for each person the restaurant owner invested in, the initial investor would reduce his percentage by one percent to a minimum share of one percent. As an additional part of the contract, the owner of the restaurant would have to present, and have signed, a like contract with the person(s) within whom they are investing.
Ideally, this would accomplish several goals. It would provide several incentives to all involved parties. The investor is going to see his initial investment returned back to him in addition to a never-ending revenue stream of no less than one percent of gross profit from whatever business(es) or person(s) within whom he/she invest. The person who was invested in, would now be a bona fide business owner with the potential to expand and grow that business behind the financial backing that they need. They would then go on to become an investor in someone else's success and they themselves would receive revenue from that investment. The person they invest in would go on to do the same thing and so on. This has the benefit of tying the black community into an infinite progression of cause and effect loop. We take interest in ensuring the success of those we invest in because it in turn makes us a profit, and they take an interest in those they invest in because it in turn makes them a profit which makes us a profit, and they take in an interest in those that they invest in which in turn makes them a profit, and in turn makes a profit for those that invested in them, which in turn makes a profit for us and so on.
What you now have is an ever lengthening chain of people tied to one another's successes and as long as someone has something invested in it, they will most likely always take an interest in those who have a direct economical effect on them. Theoretically, providing this circulates nationally, it would make blacks more of an economic powerhouse because it combines their financial strength and helps to compensate for financial weaknesses.
Because, in today's society, in today's America where the opportunities and money are nigh unlimited, blacks must seek to possess more than a mere fraction of the overall wealth of what is most likely the wealthiest country to ever exist. As a people, blacks cannot sit idly by, they cannot be content to take what they are given because that has been their position since their forced arrival into this country. The truth is... that financially, economically, blacks are simply not a factor and if we do not make a concerted effort to become more so, then we will always remain scraping at the bottom of the financial barrel. We must actively shed the skin of the past and grow into a new future in order to become an economically viable group. And considering the lessons that we have learned, and the experiences that we have gone through, the tools exist to do just that. All we need to do is take advantage of them and utilize them to build a strong foundation of viability from which we can erect a structure of economic freedom that will house all American blacks for generations to come.