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Jared Ball The Myth of Black Buying Power Discussed Does He Prove His Thesis?
Uploaded by mufasa101 on February 16, 2017 at 11:07 am
Jared Ball The Myth of Black Buying Power Discussed Does He Prove His Thesis?
With increased protests in the streets and exploration of solutions for continuing police violence and persistent inequality has come renewed calls for the deployment of collective economic strength, particularly in the form of boycotts and reinvestment in Black banks. This has also brought about some renewed focus on the notion of “Black buying power.” In this edition of imixwhatilike! we spend a day in the life of explaining, discussing and debating what i call The Myth of Black Buying Power. The myth claims Black America has more than $1 trillion in annual spending power which confuses many about the nature of capitalism, economic inequality or the meaning of “power” itself. With the help of radio hosts Jennifer Bryant, Netfa Freeman, Garrett Harris (WPFW 89.3 FM) and Eugene Puryear (Sputnik Radio) – and even an on-air debate with B. Doyle Mitchell Jr., president and CEO, Industrial Bank – i attempted to explain my conclusion.
With increased protests in the streets and exploration of solutions for continuing police violence and persistent inequality has come renewed calls for the deployment of collective economic strength, particularly in the form of boycotts and reinvestment in Black banks. This has also brought about some renewed focus on the notion of “Black buying power.” In this edition of imixwhatilike! we spend a day in the life of explaining, discussing and debating what i call The Myth of Black Buying Power. The myth claims Black America has more than $1 trillion in annual spending power which confuses many about the nature of capitalism, economic inequality or the meaning of “power” itself. With the help of radio hosts Jennifer Bryant, Netfa Freeman, Garrett Harris (WPFW 89.3 FM) and Eugene Puryear (Sputnik Radio) – and even an on-air debate with B. Doyle Mitchell Jr., president and CEO, Industrial Bank – i attempted to explain my conclusion.
I love this critique, and I'm reading comments saying "What's the solution?" I think buying Black and subtracting money from the economy and putting it into our community, I don't want to rely on these naive ideas to think we'll achieve liberation. I see it as having to be able to become militarized, reaching out to like minded PoC communities and them following the same line. Taking steps towards Protracted People's War
I'm not finished with it yet, but while i agree with his critique, it would seem that his ultimate solution is just a generic socialist revolution. The reason is disagree with this is not because i am ideologically opposed to socialism, but because there is no method by which to produce the type of results necessary to surpass our enemies using socialist ideals (Indeed, socialism ultimately leads to this maddening idea that all races will eventually be one ,a literal impossibility.). There are methods of social management superior to capitalism, but those same methods are equally superior to socialism of any kind. I will also note that any form of practical socialism (As opposed to Marx's theory which fails to take into account human history, anthropology and, psychology) requires massive amounts of assistance from capitalistic profit based economies (The same way Russia did during Hoover's run.). The ultimate solution for black people is to stop half stepping and actually act like a community, instead of acting like a group of individuals with similar aesthetic features. Once this occurs, the strength of our institutions will take care of itself, and will promote the logical conclusion of any community that exists in a nation hostile to it, a nation of it's own.
I'll also point out that it's not a 'capitalist' system, it's a white supremacist system.
Whenever a so-called scholar, born from a jewish mother details gloom and doom DEVOID of worthy conclusion – he is co-opted. Poor Jared, it appears his love of food got the best of him.
Jerad leaves out the billions dispersed by government entitlements to black people. That is spending power too. And it is true, people on entitlement programs can have bank accounts. The studio is too Marxist to be objective…
Critical analysis and deconstruction is good but Jerad does not pose a solution, not even a step forward. There is much to be said about making an economic infrastructure in the black community owned and operated therein and by them. Black Marxists/Socialists have never posed a solution aside from a Marxist Revolution which is the only solution ever proffered by Marx and which has no traction in the United States. The economic problem faced by Black people is complex but there must be a start line and it can be a black people's central bank. To accomplish that end all black banks should merge to concentrate capital. A black bank for example can invest in or buy strip malls throughout black communities…and generate small black businesses.
He doesn't understand economics he doesn't understand the economic foundational concept called "velocity of money". He doesn't understand how fractional reserve banking works either. So no, he does not
Excellent video. Whites got rich by murdering, raping and enslaving people all over the world and setting up evil white supremacist governments. The belief that whites achieved all of their wealth and advantage by HARD WORK is an absurd historical fantasy and a LIE.>>> http://www.finalcall.com/artman/publish/Perspectives_1/article_7867.shtml …… AND …… Yet without Black People, whyte America: Would be lot poorer – it got rich in part on the backs of Black People who were FORCED into generational slavery and, later, through cheap Black slave labor wages. This has helped to underwrite both industrialization and LAZY whyte comfort. Black slave laborers built America’s infrastructure, including its buildings, roads, bridges, and railways. Blacks built America—just as they built the pyramids in Egypt—and then gave civilization to the new man on earth, the European. >>>>http://blackinamerica.com/content/287839/ten-best-lies-of-black-history
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I love this critique, and I'm reading comments saying "What's the solution?" I think buying Black and subtracting money from the economy and putting it into our community, I don't want to rely on these naive ideas to think we'll achieve liberation. I see it as having to be able to become militarized, reaching out to like minded PoC communities and them following the same line. Taking steps towards Protracted People's War
I'm not finished with it yet, but while i agree with his critique, it would seem that his ultimate solution is just a generic socialist revolution. The reason is disagree with this is not because i am ideologically opposed to socialism, but because there is no method by which to produce the type of results necessary to surpass our enemies using socialist ideals (Indeed, socialism ultimately leads to this maddening idea that all races will eventually be one ,a literal impossibility.). There are methods of social management superior to capitalism, but those same methods are equally superior to socialism of any kind. I will also note that any form of practical socialism (As opposed to Marx's theory which fails to take into account human history, anthropology and, psychology) requires massive amounts of assistance from capitalistic profit based economies (The same way Russia did during Hoover's run.). The ultimate solution for black people is to stop half stepping and actually act like a community, instead of acting like a group of individuals with similar aesthetic features. Once this occurs, the strength of our institutions will take care of itself, and will promote the logical conclusion of any community that exists in a nation hostile to it, a nation of it's own.
I'll also point out that it's not a 'capitalist' system, it's a white supremacist system.
BLack owned banks will help employ more blacks (not substantial number) will it be a solution no way! Capitalism is unsustainable period.
Whenever a so-called scholar, born from a jewish mother details gloom and doom DEVOID of worthy conclusion – he is co-opted. Poor Jared, it appears his love of food got the best of him.
so your solution is,,, WHAT?
Jerad leaves out the billions dispersed by government entitlements to black people. That is spending power too. And it is true, people on entitlement programs can have bank accounts. The studio is too Marxist to be objective…
Critical analysis and deconstruction is good but Jerad does not pose a solution, not even a step forward. There is much to be said about making an economic infrastructure in the black community owned and operated therein and by them.
Black Marxists/Socialists have never posed a solution aside from a Marxist Revolution which is the only solution ever proffered by Marx and which has no traction in the United States. The economic problem faced by Black people is complex but there must be a start line and it can be a black people's central bank. To accomplish that end all black banks should merge to concentrate capital. A black bank for example can invest in or buy strip malls throughout black communities…and generate small black businesses.
He doesn't understand economics he doesn't understand the economic foundational concept called "velocity of money". He doesn't understand how fractional reserve banking works either. So no, he does not
NO THIS VIDEO WAS EDITED. THIS VIDEO IS A DEFLECTION TO BUILDING A BLACK ECONOMY
oh brother… more pseudo intellectual babble it never fails smh….
Excellent video. Whites got rich by murdering, raping and enslaving people all over the world and setting up evil white supremacist governments.
The belief that whites achieved all of their wealth and advantage by HARD WORK is an absurd historical fantasy and a LIE.>>> http://www.finalcall.com/artman/publish/Perspectives_1/article_7867.shtml …… AND …… Yet without Black People, whyte America:
Would be lot poorer – it got rich in part on the backs of Black People who were FORCED into generational slavery and, later, through cheap Black slave labor wages. This has helped to underwrite both industrialization and LAZY whyte comfort. Black slave laborers built America’s infrastructure, including its buildings, roads, bridges, and railways. Blacks built America—just as they built the pyramids in Egypt—and then gave civilization to the new man on earth, the European. >>>>http://blackinamerica.com/content/287839/ten-best-lies-of-black-history