>logic is that he sees wealth exclusively in conventional >economic terms and ignores social engineering and how >politics and government policy have been use to make some >groups wealthy and other groups improvised. I don't have >the all the solutions but I'm sure the solutions to Black >folks predicament won't be answered in the orthodoxy of >Forbes magazine or the wall Street journal.
While it is true that Politics and Social Engineering have caused some to be Wealthy and Some to be Poor - the solutions for building wealth are still the same, and don't change because of it.
Look at all the Black people who have incomes in excess of 50k - but have the wealth of Whites who make less than 25k, social-issues may be the root cause behind various financial missteps leading to that disparity. BUT - it doesn't change the fact that all one has to do, is change the way they manage their money and they can change the fact their total wealth is less than a poor White Families.
Black people spend too much money and don't save and invest enough, the solution to that problem is EXACTLY the same as it would be for a Blonde Haired, Blue Eyed White Family that spends too much.
A lot of our Problems (as Black People) are social, so we try to look at economic ones through the same Prism - thing is, they're just business/financial/economic problems that can be solved via the Orthodoxy of the Wall St. Journal.
Black Professionals, in terms of savings, financial stability and wealth - live like White Blue Collar People - regardless of the social issues that may have caused that situation - standard Wealth Building Practices can solve it.