Is capitalism anti-Black?
- Thread starter Joe Money
- Start date
Capitalism is good if your not lazy. They are more wealthy blacks under capitalism then under communism. From Jay-Z to Lebron James. They all got rich under capitalism.
A lot of this woke generation like to preach about communism and socialism but they are no successful countries and how many millionaires did communism system create?
The only people that get rich off communism is the elites on top. Ask Putin, Fedel Castro and The fat Nigga that run North Korea. They all got rich while there people starve.
Communism is like giving everyone a Super Bowl ring even if you win or lose. It sounds good but why work hard or accomplish anything in life when a lazy person will still get the same benefits as you that are working hard? That’s why communism never works. Who wants to watch the Super Bowl when who ever wins or lose gets a trophy? The game will be boring.
A lot of this woke generation like to preach about communism and socialism but they are no successful countries and how many millionaires did communism system create?
The only people that get rich off communism is the elites on top. Ask Putin, Fedel Castro and The fat Nigga that run North Korea. They all got rich while there people starve.
Communism is like giving everyone a Super Bowl ring even if you win or lose. It sounds good but why work hard or accomplish anything in life when a lazy person will still get the same benefits as you that are working hard? That’s why communism never works. Who wants to watch the Super Bowl when who ever wins or lose gets a trophy? The game will be boring.
I can't agree with this.
This type of thinking can easily contribute to our impoverished conditions.
Capitalism isn't by any means a perfect system, but it is preferable to the alternatives. Especially for those who believe in free enterprise.
It's not capitalism that is the problem, it's the lack of regulation. It's also the groups who use it as a tool to control and subjugate us.
This type of thinking can easily contribute to our impoverished conditions.
Capitalism isn't by any means a perfect system, but it is preferable to the alternatives. Especially for those who believe in free enterprise.
It's not capitalism that is the problem, it's the lack of regulation. It's also the groups who use it as a tool to control and subjugate us.
I love when people are anti-capitalism, but like to enjoy all the benefits that come from it. All the achievements, inventions, and innovations linked to capitalism are crazy. Don't mention that shit though. Act like it would have came about without it. Just mention the bad.
I wouldn't say lack of regulation. I would say SELECTIVE regulation and SELECTIVE enforcement. Like we just seen with the robinhood fuckery.
I remember going to Trinidad years back when everyone was raving about how great Venezuela socialism was so great and their education and economy was light years ahead of the States, ten years later those same cats are bitching and moaning about how the Spanish illegal immigrant is coming over there fucking up the country with crime, drugs, and prostitution. Man how things changed!
capitalism and racism are forever tied together. Cant have one without the other. Socialism by itself can still be racist
Somebody gotta lose, capitalism chose Black people as the permanent losers to support its practice. 
That's how it looks.
Can there be a better version of capitalism? Is there one?
That's how it looks.Can there be a better version of capitalism? Is there one?
Nah its capitalism...Nixon started it and every other president has ran the same play since then. Here is a good discussion on it.
The Pitfalls of (Black) Capitalism and Banking - iMWiL!
In this edition of iMiXWHATiLiKE! we discussed myths and political pitfalls associated with concepts of "buying power," banking, capitalism and more.
imixwhatilike.org
In her book The Color of Money: Black Banks and the Racial Wealth Gap, Baradaran explains how the program was innovated in Richard Nixon’s administration. As he took office in 1968, black Americans reeled from generations of discrimination. Instead of mobilizing the large federal government response needed to quell racial inequality through reparations or targeted anti-poverty programs, the president nimbly “co-opted the black power movement’s rhetoric of economic self-determination to push a segregated black economy, thereby justifying his neglect of other proposals for meaningful reform.”
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This program was black capitalism—a series of meager tax breaks and incentives touted as enabling a black entrepreneurship that would supposedly redress generations of racialized American plunder. It was a farce—a decoy made of Styrofoam and plastic. But its minuscule price tag and rhetorical appeal made it a political masterstroke that grew into the go-to policy for American presidents.
“Carter did it, Reagan did it, Clinton did it, Obama did it, [and] Trump is doing it now with Opportunity Zones,” Baradaran told me. “Opportunity Zones is black capitalism. It’s been denuded of the word ‘black,’ but it’s essentially the same idea.”
“We’re pretending like we’re helping distressed communities through capital, but it’s actually not capital for the communities themselves. It is development incentives. It is rich private-equity firms and hedge funds getting tax incentives to do stuff, build stuff, and to create stuff in these distressed communities. They get the upside, and they’re protected from the downside because they are going to get tax credits. That is an extension of Nixon’s brilliant decoy,” she continued.
“It looks like we’re helping, but we’re actually not,” Baradaran said. “All it does is prop up a few black businesses to sort of allow for the segregated market to continue breeding inequality.”
While Nixon played off the self-determination rhetoric during the Black Power movement, Trump taps into the language of uplift favored by rappers today. Drawing from the entrepreneurial spirit that flows through the genre, Trump’s Opportunity Zones proposal has found strange bedfellows in business-minded rappers like Nipsey Hussle.
In February, Forbes ran an article on Nipsey Hussle titled “Inside Nipsey Hussle’s Blueprint to Become a Real Estate Mogul.” The piece plotted out Nipsey’s entrepreneurship in an Opportunity Zone in Crenshaw and discussed his plans to expand “a broader Opportunity Zone-based fund” in 10 cities with his business partner David Gross, a Los Angeles–based real-estate developer. The expansion plan centered on collaborating with local celebrities—like rapper TI in Atlanta—to build a network of “tax advantaged” businesses in low-income neighborhoods.
In his wake, many publications recounted how Nipsey’s businesses touched the lives of Los Angeles residents and provided a lasting sense of community and ownership. And yet it’s difficult to separate programs like Opportunity Zones that assist high-profile black entrepreneurs like Nipsey “to buy back the block” from the cynical policies of politicians like Trump who ruthlessly undermine plans promoting systemic racial justice.
For decades, programs providing tax breaks and incentives to a few high-profile black entrepreneurs have sucked all the air out of policy conversations addressing racial economic inequality. These dialogues focused on upper-middle-class black entrepreneurs obscure the plight of everyday black folks living in segregated areas. They ignore poor and working-class people, who need direct investment the most. For example, when publications like Complex run stories describing Nipsey’s Opportunity Zone funds as the “Economic Version of Black Lives Matter,” they miss the point. Black Lives Matter—a movement focused on radical redistributive policy for all black people—is the economic version of Black Lives Matter.
And if history serves as our guide, it can be profoundly counterproductive to support economic-justice agenda premised on the altruism of black entrepreneurs.
SUPPORT OUR WORK WITH A DIGITAL SUBSCRIPTION.
Get unlimited access: $9.50 for six months.
This program was black capitalism—a series of meager tax breaks and incentives touted as enabling a black entrepreneurship that would supposedly redress generations of racialized American plunder. It was a farce—a decoy made of Styrofoam and plastic. But its minuscule price tag and rhetorical appeal made it a political masterstroke that grew into the go-to policy for American presidents.
“Carter did it, Reagan did it, Clinton did it, Obama did it, [and] Trump is doing it now with Opportunity Zones,” Baradaran told me. “Opportunity Zones is black capitalism. It’s been denuded of the word ‘black,’ but it’s essentially the same idea.”
“We’re pretending like we’re helping distressed communities through capital, but it’s actually not capital for the communities themselves. It is development incentives. It is rich private-equity firms and hedge funds getting tax incentives to do stuff, build stuff, and to create stuff in these distressed communities. They get the upside, and they’re protected from the downside because they are going to get tax credits. That is an extension of Nixon’s brilliant decoy,” she continued.
“It looks like we’re helping, but we’re actually not,” Baradaran said. “All it does is prop up a few black businesses to sort of allow for the segregated market to continue breeding inequality.”
While Nixon played off the self-determination rhetoric during the Black Power movement, Trump taps into the language of uplift favored by rappers today. Drawing from the entrepreneurial spirit that flows through the genre, Trump’s Opportunity Zones proposal has found strange bedfellows in business-minded rappers like Nipsey Hussle.
In February, Forbes ran an article on Nipsey Hussle titled “Inside Nipsey Hussle’s Blueprint to Become a Real Estate Mogul.” The piece plotted out Nipsey’s entrepreneurship in an Opportunity Zone in Crenshaw and discussed his plans to expand “a broader Opportunity Zone-based fund” in 10 cities with his business partner David Gross, a Los Angeles–based real-estate developer. The expansion plan centered on collaborating with local celebrities—like rapper TI in Atlanta—to build a network of “tax advantaged” businesses in low-income neighborhoods.
In his wake, many publications recounted how Nipsey’s businesses touched the lives of Los Angeles residents and provided a lasting sense of community and ownership. And yet it’s difficult to separate programs like Opportunity Zones that assist high-profile black entrepreneurs like Nipsey “to buy back the block” from the cynical policies of politicians like Trump who ruthlessly undermine plans promoting systemic racial justice.
For decades, programs providing tax breaks and incentives to a few high-profile black entrepreneurs have sucked all the air out of policy conversations addressing racial economic inequality. These dialogues focused on upper-middle-class black entrepreneurs obscure the plight of everyday black folks living in segregated areas. They ignore poor and working-class people, who need direct investment the most. For example, when publications like Complex run stories describing Nipsey’s Opportunity Zone funds as the “Economic Version of Black Lives Matter,” they miss the point. Black Lives Matter—a movement focused on radical redistributive policy for all black people—is the economic version of Black Lives Matter.
And if history serves as our guide, it can be profoundly counterproductive to support economic-justice agenda premised on the altruism of black entrepreneurs.
And that's why its racist. you prop up a few and the group suffers. Thats why how it works
Actually it is explicitly anti-black. Certainly as constructed and implemented in this country.
Bullshit bigoted cliche nonsense. Who wins and loses in a capitalist society has ZERO to do with hard work or laziness. In fact, the hardest workers in a capitalistic society are almost always the poorest.
No. Wtf
It’s the only way a Black person can come up in this nation
Fuck outta here
Create a real business, and not some hustle
It’s the only way a Black person can come up in this nation
Fuck outta here
It definitely can be, NIGGA
Create a real business, and not some hustle
Somebody gotta lose, capitalism chose Black people as the permanent losers to support its practice.
Can there be a better version of capitalism? Is there one?
Socialized Capitalism, much like what’s used in the Nordic countries is as close as its gonna come to “perfect capitalism.”
If we weren’t as greedy here and expanded our social safety net, we’d be better off, but the guise of “pulling yourself up by your bootstraps” is fully engrained here, giving capitalists leverage. People here think poor people don’t work hard or are too lazy but that’s the furthest thing from the truth.
capitalism is based on greed at its core
and that is not who we are as a people
and that is not who we are as a people
80% of small black businesses crash within the first year.
Meanwhile none of these crackers pulled them selves up by their bootstraps
When you say "we", do you mean black people or African Americans?capitalism is based on greed at its core
and that is not who we are as a people
My problem with blacks and capitalism is that in a capitalist everything is based on competition, and in today's world if you're not properly educated and your head right, you will become capitalized off of by the people who knows how to make a buck making people "feel good" for a price.
In order for us black to become real capitalist, we must first shed our consumer mentality, that we were programmed to have, next we have to put our priorities in order, placing the cart behind the horse, finally we need better education to help get to speed.
The biggest problem is this country doesn't want us competing and as long as they continue to give us "free goodies" we are contempt at being spenders and living for today.
The good news is that some of us are starting to get it and the more we break away from the slave code they brainwashed us with, the sooner we can collectively pull ourselves up and stand on our own two feet!
In order for us black to become real capitalist, we must first shed our consumer mentality, that we were programmed to have, next we have to put our priorities in order, placing the cart behind the horse, finally we need better education to help get to speed.
The biggest problem is this country doesn't want us competing and as long as they continue to give us "free goodies" we are contempt at being spenders and living for today.
The good news is that some of us are starting to get it and the more we break away from the slave code they brainwashed us with, the sooner we can collectively pull ourselves up and stand on our own two feet!
What's an african american? Africa is a continent.
That’s because most niggas don’t try to open up real businesses. Cats open up T-Shirt lines and credit repair, thinking they will be millionaires. That’s their fault
Business is the way to financial prosperity
Putting where the goats can get it, as Joe Madison likes to say.
Exactly. They just preach the shit like it’s the truth.
This is ignorant and based on nothing
Based on real life experience. Real life relationships. Real life observations
You’re most likely someone who operates in the lower tier
You’ve never been around real, successful Black people, so your views are based on the bottom dwellers that are in your socio-economic circle
Again, I say it's the operators who use capitalism as a tool to economically disenfranchise and suppress us. The same tactic could easily be enforced under socialism. There is no debating this.
No one (or very few) of us on this board have experienced living under socialist/communist systems, and therefore all draw ideological positions from theoretical academic flim-flam. It sounds good in theory, but in actuality, it does not work to elevate us from the conditions we find ourselves trying to overcome.
I have written on the topic of utilizing conscious capitalism (much akin to social capitalism) for the city of Boston as a vehicle of economic opportunity. Using the power of entrepreneurship, access to capital, business education, and instructional mentorship, we've experienced narrowing results in terms of the wealth gap, etc.
In April, 1968, Nixon gave a radio address in which he claimed that some of the “militant” Black activists were on his side, or ought to be. He praised those who abandoned “welfarist” rhetoric in order to extol the importance of “ownership” and “self-respect.” And he called for a “new approach” that would be grounded in “Black capitalism.” The speech helped popularize the term, and it attracted the attention of a number of Black leaders,
You don't know who I've been around. Your assumptions are racist as well.
Agreed.
Yeah. You’re mentally ill
I’ll watch the video to see their point of view but capitalism is why I’m able to do what I want retiring from my first career in my 30s. The problem with it is that is has to be a bottom caste and as I think I saw mentioned above, the caucasians make sure we as so-called blacks are the bottom of the system.
I also hate how in America, the super rich are bailed out by the government in the form of socialism so America is not even a capitalistic economic system despite what you hear. If anything it is closer to a communist-socialist economic system.
that being said, if it was pure capitalism, the corporation of America would thrive because it forces people to work hard, work smart, innovate, build and think of ways to achieve success financially.
most people will be in the same economic class that they are born in to and then there will be some that fall which causes others to rise. We as so-called black people are typically those that rise because we are smarter, hungrier and more savvy. The caucasian is lazy and lacks intellect and is only on top because of systemic oppression aka racism aka the white power structure but a lot of so-called blacks have no problem being the doormat for them. That is the part that pisses me off most. nBGOL is full of them.
also, our concept of finance and the economy is lacking. I try to teach brothas all the time but most don’t pay it forward or backward so I lose interest because I know they are only out for self. However, I cannot blame them 100% because of the white power structure, most of the resources are already locked up so you have a large percentage of people fighting for scraps without realizing if they were savvy enough, they could easily finesse the Neanderthal out of money.
capitalism isn’t anti-black white people in power are anti black.. if you allow a free market without certain people limiting certain groups capabilities and growth than black people will prosper..unfortunately there’s white people in power that do everything they can to stop, slow down, or limited money and progression for the black community.. they don’t want nigs to have money
it's not that they don't you to have more money, they just want you to not have more money than them.
it's funny how the white left and the white right are in total agreement when it comes to black economic empowerment. the right deny access to the resources and the left tell you that you don't need those resources in the first place.
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