The Myth Of Black Capitalism
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The Myth Of Black Capitalism
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Author : Earl Ofari Hutchinson
language : en
Publisher: NYU Press
Release Date : 2024-01-01
The Myth Of Black Capitalism written by Earl Ofari Hutchinson and has been published by NYU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-01 with Political Science categories.
Deciphers the history of “Black capitalist” rhetoric— and how it serves to enrich a minuscule few at the expense of the many In his 1970 book The Myth of Black Capitalism, Earl Ofari Hutchinson laid out a rigorous challenge to the presumption that capitalism, in any shape or form, has the potential to rectify the stark injustices endured by Black people in America. Ofari engaged in a diligent historical review of the participation of African Americans in commercial activity in this capitalist country, demonstrating conclusively that the creation of a class of Black capitalists failed to ameliorate the extreme inequity faced by African Americans. Even “Buy Black” campaigns which aimed to “keep resources in the community,” he showed, reinforced a Black bourgeoisie which often enough exploited the Black underclass to increase their own wealth. Whether Black capitalists dared to go up against, or merely tried to find their place amongst, giant monopoly corporations, Ofari argued they would make little substantive progress in the lives of Black people. And whether calls for “Black capitalism” came from within the Black Power movement for Black economic autonomy, or were appropriated by the old-line Black elite, in the end the promotion of the myth of “Black capitalism” was a project of the Black elite which solely served the interests of the capitalist managerial class. It was Richard Nixon who first introduced the notion of “Black capitalism” into mainstream American discourse, coopting the term at a time when African Americans comprised only 3% of the nation’s employers. That number dwindled thereafter, and yet the term only gained cachet following the election of Barack Obama and the increased visibility of the Black elite. Thankfully, just as the rhetoric of ‘Black capitalism” is being resuscitated, it is being confronted once more. In this second edition of Earl Ofari’s pathbreaking book, a Monthly Review Press classic, the author adds a new Introduction, which shows both the enduring strength of the ideology of Black capitalism and its continued inability to change the nature of what has always been a racialized system of production and distribution. Ofari reveals “Black capitalism" for what it really is: a diversion from the struggle for liberation that works at cross purposes with the fight against exploitation, and a fantasy which enriches a minuscule few at the expense of the many. The Myth of Black Capitalism argues definitively that only a direct assault on the oppression of Black people and the capitalist system itself can bring this exploitation to an end.
Myth Of Black Capitalism
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Author : Earl Ofari
language : en
Publisher: Monthly Review Press
Release Date : 2011-03-21
Myth Of Black Capitalism written by Earl Ofari and has been published by Monthly Review Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-21 with Business & Economics categories.
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The Myth And Propaganda Of Black Buying Power
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Author : Jared A. Ball
language : en
Publisher: Springer Nature
Release Date : 2020-04-01
The Myth And Propaganda Of Black Buying Power written by Jared A. Ball and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-01 with Business & Economics categories.
This Palgrave Pivot offers a history of and proof against claims of "buying power" and the impact this myth has had on understanding media, race, class and economics in the United States. For generations Black people have been told they have what is now said to be more than one trillion dollars of "buying power," and this book argues that commentators have misused this claim largely to blame Black communities for their own poverty based on squandered economic opportunity. This book exposes the claim as both a marketing strategy and myth, while also showing how that myth functions simultaneously as a case study for propaganda and commercial media coverage of economics. In sum, while “buying power” is indeed an economic and marketing phrase applied to any number of racial, ethnic, religious, gender, age or group of consumers, it has a specific application to Black America.
The Myth And Propaganda Of Black Buying Power
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Author : Jared A. Ball
language : en
Publisher: Springer Nature
Release Date : 2023-05-30
The Myth And Propaganda Of Black Buying Power written by Jared A. Ball and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-30 with Business & Economics categories.
The second edition of this Palgrave Pivot offers a history of and proof against claims of "buying power" and the impact this myth has had on understanding media, race, class and economics in the United States. For generations Black people have been told they have what is now said to be more than one trillion dollars of "buying power," and this book argues that commentators have misused this claim largely to blame Black communities for their own poverty based on squandered economic opportunity. This book exposes the claim as both a marketing strategy and myth, while also showing how that myth functions simultaneously as a case study for propaganda and commercial media coverage of economics. In sum, while “buying power” is indeed an economic and marketing phrase applied to any number of racial, ethnic, religious, gender, age or group of consumers, it has a specific application to Black America. A new foreword by Dr. Darrick Hamilton, Henry Cohen Professor of Economics and Urban Policy at the New School (in New York, USA), and a new chapter on cryptocurrencies are included in this new edition.
The Color Of Money
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Author : Mehrsa Baradaran
language : en
Publisher: Harvard University Press
Release Date : 2017-09-14
The Color Of Money written by Mehrsa Baradaran and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-14 with Business & Economics categories.
In 1863 black communities owned less than 1 percent of total U.S. wealth. Today that number has barely budged. Mehrsa Baradaran pursues this wealth gap by focusing on black banks. She challenges the myth that black banking is the solution to the racial wealth gap and argues that black communities can never accumulate wealth in a segregated economy.
Black Capitalism
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Author : Theodore L. CROSS
language : en
Publisher:
Release Date : 1970
Black Capitalism written by Theodore L. CROSS and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970 with categories.
The Myth Of Chinese Capitalism
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Author : Dexter Roberts
language : en
Publisher: Macmillan + ORM
Release Date : 2020-03-10
The Myth Of Chinese Capitalism written by Dexter Roberts and has been published by Macmillan + ORM this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-10 with Political Science categories.
The untold story of how restrictive policies are preventing China from becoming the world’s largest economy Dexter Roberts lived in Beijing for two decades working as a reporter on economics, business and politics for Bloomberg Businessweek. In The Myth of Chinese Capitalism, Roberts explores the reality behind today’s financially-ascendant China and pulls the curtain back on how the Chinese manufacturing machine is actually powered. He focuses on two places: the village of Binghuacun in the province of Guizhou, one of China’s poorest regions that sends the highest proportion of its youth away to become migrants; and Dongguan, China’s most infamous factory town located in Guangdong, home to both the largest number of migrant workers and the country’s biggest manufacturing base. Within these two towns and the people that move between them, Roberts focuses on the story of the Mo family, former farmers-turned-migrant-workers who are struggling to make a living in a fast-changing country that relegates one-half of its people to second-class status via household registration, land tenure policies and inequality in education and health care systems. In The Myth of Chinese Capitalism, Dexter Roberts brings to life the problems that China and its people face today as they attempt to overcome a divisive system that poses a serious challenge to the country’s future development. In so doing, Roberts paints a boot-on-the-ground cautionary picture of China for a world now held in its financial thrall. Dexter Roberts is an award-winning journalist and a regular commentator on the U.S.-China trade and political relationship. His prior speaking engagements include traditional news media outlets (NPR, Fox News, CNN International) as well as universities and institutes (George Washington University, Council on Foreign Relations, and the Overseas Press Club). He is available for virtual classroom visits to courses that adopt The Myth of Chinese Capitalism. Please contact academic@macmillan.com for more information.
The Myth Of Black Progress
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Author : Alphonso Pinkney
language : en
Publisher: CUP Archive
Release Date : 1984
The Myth Of Black Progress written by Alphonso Pinkney and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Biography & Autobiography categories.
This book analyses the status of black Americans since the Civil Rights Act of 1964.
The Myth Of Capitalism
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Author : Jonathan Tepper
language : en
Publisher: John Wiley & Sons
Release Date : 2023-04-25
The Myth Of Capitalism written by Jonathan Tepper and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-25 with Business & Economics categories.
The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.
Black Capitalism
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Author : Timothy Mason Bates
language : en
Publisher: Greenwood
Release Date : 1973
Black Capitalism written by Timothy Mason Bates and has been published by Greenwood this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with Business & Economics categories.