BlackEconomics.org® Introduction Those knowledgeable of the political economy recognize that US “democracy” is far from pure. BlackEconomics.org has highlighted many times the sway—near total control even—that oligarchs and plutocrats and their enterprises have over the political economy. For example, the airline industry reflects and projects inordinate power. We will discuss this power below as we […]
Doing It Wrong All Along
BlackEconomics.org Let us begin by recalling two important facts. First, one cannot keep doing the same thing and expect a different outcome. Second, as of 2020, there were about 3.8 million Black American businesses, about 95 percent of which were non-employers. That is, they were small one-person operations with average receipts sufficient to survive at […]
Black Americans Have Choices
BlackEconomics.org® Why are Black Americans so wedded to a system that is speaking clearly to us in no uncertain terms that “technology” in all its forms is preeminent, and that technology is likely to render us “null and void” or nonexistent? Let us be clear: BlackEconomics.org is not averse to technology, and that we do […]
Report Brief: Why Racism? Black American Adverse Stereotypes in the WSJ
BlackEconomics.org® Background Race has always been a salient dilemma for the American society. Scholars, politicians, and laypersons alike continue to analyze race and racism. Sometimes, we bypass consideration of race and focus on racism and how to halt it. But to purge racism from society, one must fully comprehend its root causes. At BlackEconomics.org, we […]
Providing Retirement Benefits for Descendants of Former Slave Masters
BlackEconomics.org® The Black American predicament today is largely the result of the Trans-Atlantic Slave Trade, our subsequent unwarranted imprisonment, and our forced “slave” labor. It is understandable that, while at the end of gun barrel, we would toil to support those with the power to permit or snuff out life. However, nearly 160 years later, […]
Begging for Everything Except Salvation
BlackEconomics.org® A “Recreation, Religion, and Culture” Common Country Analysis in the newly released and free digital publication, Long-Term Strategic Plan for Black America, includes a discussion concerning the absence of transparency for important Black religious and nonprofit organizations. There is historical evidence that certain important Black organizations operated expressly in our interest—at least at one […]
Can Black Americans Afford College?
BlackEconomics.org® There is considerable and widely acknowledged evidence that a college education can provide a favorable return on investment—especially for those who pursue certain scholarly fields. Also, there is evidence that certain Black Americans perform below academic standards at elementary and secondary school levels. These students, in large measure, would find it difficult to […]
Time to Search Ourselves
BlackEconomics.org® Do you know who you are? Really? Consider these questions in the context of an unexpected surge in Black American and global interest in Reparations. This analysis considers these questions in in light of a new 2023 book edited by Darity, Mullen, and Hubbard, The Black Reparations Project: A Handbook for Racial Justice. BlackEconomics.org […]
Asking Why
BlackEconomics.org® This commentary is light reading for a summer Saturday or Sunday morning or afternoon. It is to remind us of the logic of life and to recognize that, if Black America defies life’s logic, then we cannot expect favorable and beneficial outcomes. We begin by agreeing on a fundamental fact. A question that can […]
Reparations and the Contributions of Lazy Economists
BlackEconomics.org® We are often reminded of the “Chicago School” adage: “If it exists, then it must be efficient; otherwise, it wouldn’t exist.” To prove true, this saying must rest, inter alia, on the following premises: • The “existence” was manufactured by economic agents for which the “existence” is efficient. • The economic agents manufactured the […]
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