"What will it take for Black people to have self-sustaining economies?"
I work with a couple of NOI people, and this is what they've been saying since the start. Garvey before them. Asian-Americans and Latino/as in some cities own most of the businesses in their communities.
What will it take for Black people to do the same, at a large scale, for the long haul?
No quips about saving money on shoes and weave hair. REAL tangible actions.
Too many of our places are food deserts. With concentrated areas and only the worst foods available, we could invest in the manufacturing of DIY vertical gardening kits.
------ “There is no fate that cannot be surmounted by scorn.” -Albert Camus
13. "Computer literacy programs / internet access. " In response to Reply # 12
Which will only come from connectivity access. Much of DC only had the equivalent of dialup. People go to the library to scroll news sites. Available wifi and >$50 tablets are better for that.
------ “There is no fate that cannot be surmounted by scorn.” -Albert Camus
16. "Payday loan regulation / refinance programs" In response to Reply # 13
Occupy wallstreet bought off a lot of medical debt. But our communities are preyed upon by the payday loan industry. Regulation of the interest rates could make them somewhat tenable (albeit a bad idea) and then refinancing could help people that are currently fucked by them.
------ “There is no fate that cannot be surmounted by scorn.” -Albert Camus
18. "Microlending to help get our businesses started. " In response to Reply # 16
A lot of the times we try Kickstarter or go fund me but like most things those funds almost always go to white business. We should invest in microlending to support our own.
---
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------ “There is no fate that cannot be surmounted by scorn.” -Albert Camus
2. "Developing a network of small businesses would help" In response to Reply # 0
By that I mean we can --as individuals-- start and grow businesses and network with others to build communities and social centers. Ultimately, we'd have to grow enough to be able to provide ob opportunities for other black people to expand the community.
5. "First, a thorough Love of self, Then a belief in self. After that, we " In response to Reply # 0
need a thorough knowledge of self, which includes our collective history here, and worldwide and then an understanding of our contemporary situation. Amos Wilson's, Blueprint For Black Power, is an excellent resource, to use to gain a sound, foundational, understanding of our contemporary situation.
After that, we will be in a much better condition to pool our resources and begin building the much needed institutions, in our communities.
<<<<"Nothings more attractive than a heavy praying woman" Andre 3000
7. "*** Good ideas so far. Main items/ industries Black people spent $ on***" In response to Reply # 0
Bruh is right about hair care. I see more Black-owned hair care products, and I make most of the products I use. HOWEVER, Blacks would be more set than all other minorities combines if we RAN the weave and wig industry.
Let's identify the main items Black people spend money on:
*Beauty and grooming. We have Black-owned products, Black-owned salons and barbers and I count the Black beauty bloggers in this number. HOWEVER, we don't own most beauty supply store or nail salons.
*Clothing and shoes- Where's FUBU and Cross Colors for this generation?
*Automobiles/Transportation
*Produce/Food and alcohol
Name some others. Suggest how Black people can sustain businesses in these industries if you have ideas.
9. "My biggest concern currently is getting us to understand the importance" In response to Reply # 0
of doing so. Mark Goulston says something along the lines of "people don't do what's right, they do what they think is important", and I agree for the most part.
10. "blk ppl.don't want those kinds of businesses" In response to Reply # 0
The best qualified are (partly conditioned,partly genuine) working in corp america,not interested in running a corner store
And those of us interested , aint always the best qualified, thats why services are lacking sometimes
Some kinda consortium of 10 ppl opening an apt complex is more impactful than a shoprite. And a shoprite is more impactful than a laundromat and bodega
)))--####---###--(((
bunda <-.-> ^_^ \^0^/ get busy living, or get busy dying.
15. "True. I think working w/ ex-cons more intensely would fill this gap" In response to Reply # 10
There are some really smart brothers and sisters who can't go corporate b/c they're felons. We should have programs that funnel them into small business ownership.
>The best qualified are (partly conditioned,partly genuine) >working in corp america,not interested in running a corner >store > >And those of us interested , aint always the best qualified, >thats why services are lacking sometimes > > > >Some kinda consortium of 10 ppl opening an apt complex is more >impactful than a shoprite. And a shoprite is more impactful >than a laundromat and bodega > >
20. "This is a really good idea" In response to Reply # 15
I have a few friends with records, and we talk all the time about independent work that they can do because their record pretty-much bars them from working for many employers.
Atillah Moor Member since Sep 05th 2013 13825 posts
Thu Nov-10-16 10:40 AM
23. "Unless people are willing to take lives in return it's a loss over time " In response to Reply # 14 Thu Nov-10-16 10:41 AM by Atillah Moor
I'm speculating but I bet more people died during the bombing of black wall street than those that helped build it.
It could work outside of the US, but not inside as long as most whites continue to carry on in this fashion and at this point the majority of them are pretty much unchangeable.
Atillah Moor Member since Sep 05th 2013 13825 posts
Thu Nov-10-16 11:17 AM
26. "I've thought about this. Certainly doable." In response to Reply # 24
Not sure how you get someone with the security or military experience to run such an enterprise or the money to get it up and keep it operating, but I think it can be done.
legsdiamond Member since May 05th 2011 79574 posts
Thu Nov-10-16 08:15 PM
37. "There is one in Denver. " In response to Reply # 25
I can't remember their name but it's a husband and wife and they were making bank. Said there is so much business surrounding dispensaries. Selling pipes, merch, websites, social media, etc.
Big money in cannibus
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
48. "sports, entertainment, and housing" In response to Reply # 17
i do a *soul wince* everytime i read abt athletes getting ganked by some schlubby dude that sold em a dream, and dudes only qualification is a suit jacket
meanwhile the players carrying guns to protect themselves from "getting robbed"
if i knew how to get into them circles i would do high wealth asset mgmt
but yea blk folk should be on all ends of the sports and music world, not just the talent and weed carriers.
the MJ industry is a good one too
changing the mindstate is above all else tho. otherwise the money coming in is gonna go right back out. just like the reparation checks.
)))--####---###--(((
bunda <-.-> ^_^ \^0^/ get busy living, or get busy dying.
19. "Generational Wealth. " In response to Reply # 0
We've got to take good care of the assets that we have (cars, property, businesses, savings) and make sure we pass these things on to the next generation so that they are not starting from zero.
Then successive generations have it a bit easier and have some capital to start off life with. Right now our kids are starting off their careers in debt. We have to reverse that and it starts with making it a bit easier for each successive generation. ______________________________________________________________________________
cscpov.blogspot.com
"There's a fine line between persistence and foolishness..." -unknown
21. "It has to be an organic movement of black entrepreneurship.." In response to Reply # 0
It can't be something where you're planning it to be just black. Business doesn't work like that. In business you have to move in the direction that presents the best opportunities for success.
However, if enough black people become successful business owners organically there we be some who's customers and business partners are primarily or in part black or in the black community.
We need more black people to simply become successful business owners regardless of the products, services, customer base, etc. The rest will follow.
28. "The support of financial institutions and investors for business loans" In response to Reply # 0
Scrapping up enough capital to open a brick and mortar, take and idea from your head to production, or purchase inventory are big barriers to entry for many black folks. Most can't go to family members to scrape up $20,000-$50,000 because the money isn't there. There is no uncle who can "help you get into the business." You're welcome to love yourself all you like but without access to start up capital good luck.
legsdiamond Member since May 05th 2011 79574 posts
Fri Nov-11-16 08:53 AM
40. "^^^^^This is the best answer in this post ^^^**" In response to Reply # 39
nothing we love more than showing the world how much money we got by spending it on dumb shit.
I know everyone isn't built to own a home or desire to own a home but sheeeit. If you don't want the maintenance of a house buy a condo, an apt., a co-op...
Real estate is the move. Invest in stocks that are related to real estate.
We have to shake this consumerism that America is selling.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
49. "ppl wanna live for the weekend, cuz who knows what next week will bring" In response to Reply # 39
its somewhere bw mad shortsighted and making the best out of bad tings
like when ppl get a bad diagnosis and dont wanna know anything else, no medicine, no treatment, just live how they always were until they drop dead too early
)))--####---###--(((
bunda <-.-> ^_^ \^0^/ get busy living, or get busy dying.
legsdiamond Member since May 05th 2011 79574 posts
Fri Nov-11-16 11:35 AM
43. "I can't see Tulsa happening in pockets of ATL or Maryland" In response to Reply # 42
or Brooklyn.
I feel you tho... if we gotta die might as well die trying to get rich
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
47. "RE: What will it take for Black people to have self-sustaining economies..." In response to Reply # 0 Fri Nov-11-16 12:30 PM by Deacon Blues
it starts individually and with our families, making sure our kids don't fall behind in the classes, eliminating wasteful spending, , saving and spending on assets that appreciate. That needs to be promoted and these stars or anyone talking otherwise, they should be shunned.
We need more mentorships and appreticeships supporitn ggroups like big brogthers and 100 black men
more trade schools
supporting credit unions that provide small business and home loans, investing in real estate even collectively through tools like REITS.
If we invest in our communities buying low, clean up the crime and schools, we can reap the benefits of appreciation, if everyone feels invested in the communities.
legsdiamond Member since May 05th 2011 79574 posts
Fri Nov-11-16 04:20 PM
51. "Cam you break down REITS? " In response to Reply # 47
I'm going to start a thread on it on Monday for people to post up links or drop some knowledge. This is the second time someone has spoke on it and I'm curious to know the how, what, why, etc.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
52. "RE: Cam you break down REITS? " In response to Reply # 51
>I'm going to start a thread on it on Monday for people to >post up links or drop some knowledge. This is the second time >someone has spoke on it and I'm curious to know the how, what, >why, etc.
lol, sorry, nope, had to audit some at my job years ago, but i'm no expert and not even sure if it would be the best way to go , just throwing out some ideas.
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