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jerryking : economic_independence   2

Byron Allen On Economic Inclusion, Buying The Weather Channel, Comcast Racial Bias Lawsuit + More - YouTube
“I’m going to take my seat at the table”

“Own the game don’t play the game”
Be clear of what you need and your ask.
Making money is easy. It's a mindset. Figuring it out with the internet.

$300 MM is not a lot of money. Understand how much money is out there and is there for YOU.
In the U.S., $20 T in liquidity in our financial sys. Swirling. Looking for places to invest, and to get a safe return. There aren't that many people who can actually invest, protect it and give it back with a return.

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The story of how the struggle for civil rights intertwined and intersected historically with the struggle against monopoly provides a lesson for the future. It suggests a need to recognize how political independence connects with economic independence in the struggle for social justice. Without freedom from domination in one sphere, there is no freedom in the other.
African-Americans  Byron_Allen  civil_rights  economic_clout  economic_inclusion  economic_independence  entrepreneur  equality_of_opportunity  racial_discrimination 
november 2019 by jerryking
Where Have All the Black-Owned Businesses Gone? - The Atlantic
BRIAN S. FELDMAN MAY 1, 2017

The last 30 years also have brought the wholesale collapse of black-owned independent businesses and financial institutions that once anchored black communities across the country. In 1985, 60 black-owned banks were providing financial services to their communities; today, just 23 remain. In 11 states where black-owned banks had headquarters in 1994, not a single one is still in business. Of the 50 black-owned insurance companies that operated during the 1980s, today just two remain.

Over the same period, tens of thousands of black-owned retail establishments and local service companies also have disappeared, having gone out of business or been acquired by larger companies. Reflecting these developments, working-age black Americans have become far less likely to be their own boss than in the 1990s. The per-capita number of black employers, for example, declined by some 12 percent just between 1997 and 2014.......the decline in entrepreneurship and business ownership among black Americans also is cause for concern. ...market concentration has played a role in suppressing opportunity and in displacing local economies. ...........The role of market concentration in inhibiting black-owned businesses is also troubling because of the critical role that such enterprises have played in organizing and financing the struggle for civil rights in America......The decline of black-owned independent businesses traces back to many causes, but a major one that has been little noted was the decline in the enforcement of anti-monopoly and fair-trade laws beginning in the late 1970s......Bob Dickerson, the CEO of the Birmingham Business Resource Center in Alabama, says, “Had our institutions and businesses been maintained, had that money been plowed back into our communities, it could have meant a world of difference.”

The role of market concentration in driving down the number of black-owned independent businesses becomes all the more concerning when one considers some mostly forgotten history. In principles, people, and tactics, the fight for black civil rights, going back to before the Civil War, was often deeply intertwined and aligned with America’s anti-monopoly traditions......The story of how the struggle for civil rights intertwined and intersected historically with the struggle against monopoly provides a lesson for the future. It suggests a need to recognize how political independence connects with economic independence in the struggle for social justice. Without freedom from domination in one sphere, there is no freedom in the other.
African-Americans  anticompetitive_behaviour  anti-monopoly  antitrust  black-owned  business  civil_rights  collapse-anxiety  corporate_concentration  economic_clout  economic_inclusion  economic_independence  enforcement  fair-trade  Jim_Crow  market_concentration  market_power  New_Deal  political_independence  segregation  societal_collapse 
may 2017 by jerryking

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