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What happened to the Black owned business dream?

repoman

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It is sad that the great man who was so redpilled on the power of "in-group preference" (a newer term) or racial nepotism was tragically killed in 1965. Malcolm X, of course.

I wish his so called "racist" policies of blacks keeping money with their people had succeeded. If the refused to shop at white stores and temporairly had to pay more for the same products that white owned stores had that would also be good. If they hired slighlty less qualified blacks vs whites in the meantime until they got up to speed that would also be fine.

They would have a lot more economic might than now.

Too many interlopers they have had to deal with.

 
Lack of wealth. Black women are actually good at startingm small business, but generally have little to no wealth to expand it very far.
 
Lack of wealth. Black women are actually good at startingm small business, but generally have little to no wealth to expand it very far.

Banks dont like investing in blacks because they're poor and don't know money, dontchaknow?
 
An OP in PD with a link to YouTube. So, pretty much just ignorant opinion.

Why don't blacks own more businesses? I bet they own a lot more than when Malcolm X was around.
 
I wish his so called "racist" policies of blacks keeping money with their people had succeeded. If the refused to shop at white stores and temporairly had to pay more for the same products that white owned stores had that would also be good. If they hired slighlty less qualified blacks vs whites in the meantime until they got up to speed that would also be fine.
Because of what MLK supposedly meant by "content of character." Race should have absolutely nothing to do with it.
 
There was a period of time in the South where newly freed blacks started, by necessity, a parallel society that started and ran businesses. The Jim Crow society that grew up in the South went out of it's way to destroy black efforts to start and run businesses.
 
Lack of wealth. Black women are actually good at startingm small business, but generally have little to no wealth to expand it very far.

Eh, not really a convincing explanation. Many groups have come to the US with essentially no wealth either, and have managed to accumulate quite a bit of it.
 
Lack of wealth. Black women are actually good at startingm small business, but generally have little to no wealth to expand it very far.

Eh, not really a convincing explanation. Many groups have come to the US with essentially no wealth either, and have managed to accumulate quite a bit of it.

Yup. My former boss started with nothing. He built a business doing about $30 million/year before he was out of it medically.
 
Lack of wealth. Black women are actually good at startingm small business, but generally have little to no wealth to expand it very far.

Eh, not really a convincing explanation. Many groups have come to the US with essentially no wealth either, and have managed to accumulate quite a bit of it.

Yes, but those groups came of their own free will, were not enslaved or treated like property, forbidden from reading or attending any educational establishment, forbidden to vote or register to vote--on pain of death--IN MY LIFETIME FFS!!!! And I'm not old enough to retire! Refused loans or admissions to schools with white children, refused attendance in movie theaters with whites, refused the privilege of using the same water fountains, refused treatment at white hospitals, or a host of other laws and social conventions developed and put into place expressly to keep them from being able to move up from sharecropper or housemaid.

Walking down the street, if you encounter someone whose grandparents were Irish, or Russian or German, etc. you will probably not necessarily know where their grandparents came from and will probably not think twice about whether they deserve the clothes on their backs, the jobs or places in universities, or housing. The assumption is always that of course, they earned it or, perhaps their daddies were rich and passed along some of that to future generations. You don't think: I'll bet her great great was an indentured servant. Heck, my grandpa farmed with a mule and plow and was grateful to upgrade to a horse and later an actual tractor. My father's first job on the farm was sitting on the plow to hold it deep in the earth and hopping off to move rocks out of the way. Not a heck of a lot different than how a lot of rural black families lived in the 30's. But I can walk into any department store or restaurant or government office and nobody ever--EVER--looks at me like maybe I don't belong. Like maybe I'm using a stolen credit card, or got my clothes from the Goodwill (although certainly I have gotten clothes from the Goodwill) or gives me any sidelong look while they check to see if I'm using a SNAP card in the grocery line. I've never been redlined (in the bad way) when house hunting or applying for a mortgage. My kids did not get followed around stores the way their (better dressed) black friends did. I worried about my kids when they were teenagers but I never worried that they would be shot by the police if they were pulled over.

My husband is a university professor but he has never been arrested in his own home because someone thought he didn't belong there. No one has taken me for a maid. Ever.

So STFU.
 
Eh, not really a convincing explanation. Many groups have come to the US with essentially no wealth either, and have managed to accumulate quite a bit of it.

Yes, but those groups came of their own free will, were not enslaved or treated like property, forbidden from reading or attending any educational establishment, forbidden to vote or register to vote--on pain of death--IN MY LIFETIME FFS!!!! And I'm not old enough to retire! Refused loans or admissions to schools with white children, refused attendance in movie theaters with whites, refused the privilege of using the same water fountains, refused treatment at white hospitals, or a host of other laws and social conventions developed and put into place expressly to keep them from being able to move up from sharecropper or housemaid.

Walking down the street, if you encounter someone whose grandparents were Irish, or Russian or German, etc. you will probably not necessarily know where their grandparents came from and will probably not think twice about whether they deserve the clothes on their backs, the jobs or places in universities, or housing. The assumption is always that of course, they earned it or, perhaps their daddies were rich and passed along some of that to future generations. You don't think: I'll bet her great great was an indentured servant. Heck, my grandpa farmed with a mule and plow and was grateful to upgrade to a horse and later an actual tractor. My father's first job on the farm was sitting on the plow to hold it deep in the earth and hopping off to move rocks out of the way. Not a heck of a lot different than how a lot of rural black families lived in the 30's. But I can walk into any department store or restaurant or government office and nobody ever--EVER--looks at me like maybe I don't belong. Like maybe I'm using a stolen credit card, or got my clothes from the Goodwill (although certainly I have gotten clothes from the Goodwill) or gives me any sidelong look while they check to see if I'm using a SNAP card in the grocery line. I've never been redlined (in the bad way) when house hunting or applying for a mortgage. My kids did not get followed around stores the way their (better dressed) black friends did. I worried about my kids when they were teenagers but I never worried that they would be shot by the police if they were pulled over.

My husband is a university professor but he has never been arrested in his own home because someone thought he didn't belong there. No one has taken me for a maid. Ever.

So STFU.

So, it seems you agree with me that starting out with little to no wealth is not an adequate explanation, since you have enumerated many other possible factors...

Also, I do know what it is like for someone to assume that my father was a construction worker, when we were visiting the construction site for the house he owns, simply because he is a dark-skinned Latino.

So maybe you should try taking your own advice...
 
Banks dont like investing in blacks because they're poor and don't know money, dontchaknow?

It's pretty rare for a bank to finance a startup.

True, but when you consider Mumble's point that black people tend not to have the money needed to start their own companies, they gotta get the funding somewhere. Where if not a bank? Crowdfunding?
 
So, it seems you agree with me that starting out with little to no wealth is not an adequate explanation, since you have enumerated many other possible factors...

Yeah: the reason is racism. Deep, well established, deeply ingrained institutionalized, legally codified racism. That's a pretty darn good reason that today, blacks still are targeted and denied basic rights that the rest of us enjoy.


Also, I do know what it is like for someone to assume that my father was a construction worker, when we were visiting the construction site for the house he owns, simply because he is a dark-skinned Latino.
I know what it is like for my son to be assumed to be Hispanic because of his dark hair and eyes and deep tan at the time. Frankly, if we had lived in a different part of the country or in different times, that would have been my father, whose grandparents were German, French and Welsh. Heck, I know what it is like to be assumed to be a)Catholic b) Jewish and c)Arab Muslim because of my name and/or coloring. I'm none of those, to the extent I've been able to discover.

None of which group was stolen, enslaved, forbidden from reading, legally forbidden from attending the same schools as whites, from marrying a white person, etc. And in my time, none of which was considered an insult or in any way 'less than.' Outside of certain members of my family, that is.

I know what it is like to tell my father that if he really dislikes Jews, his grandchildren had Jewish great grandparents and they didn't have to come around anymore if that was offensive.

In my family, thinking someone was a construction worker would have been a compliment. My father took deep pride in the work he did to design and construct a major addition to his home, including electrical, plumbing and stone masonry. Especially when people were amazed that he did the work himself, and did not have it done by hired professionals.
 
It's pretty rare for a bank to finance a startup.

True, but when you consider Mumble's point that black people tend not to have the money needed to start their own companies, they gotta get the funding somewhere. Where if not a bank? Crowdfunding?

Well, there are excellent start up loan programs (economic development) in most states. The problem is that banks like to base repayment ability on a companies most recent 12 month period (last year). Of course a startup doesn't have a baseline year or previous year to demonstrate cash flow ability.
 
It's pretty rare for a bank to finance a startup.

True, but when you consider Mumble's point that black people tend not to have the money needed to start their own companies, they gotta get the funding somewhere. Where if not a bank? Crowdfunding?

Well, there are excellent State start up loan programs (economic development) in most states. The problem is that banks like to base repayment ability on a companies most recent 12 month period (last year). Of course a startup doesn't have a baseline year or previous year to demonstrate cash flow ability.
 
Lack of wealth. Black women are actually good at startingm small business, but generally have little to no wealth to expand it very far.

Eh, not really a convincing explanation. Many groups have come to the US with essentially no wealth either, and have managed to accumulate quite a bit of it.

Many groups that come to the US don't have a bunch of white people who immediately lose their minds when they start building wealth.

Also, you may want to have a chat with the American Vietnamese immigrants, the Hmong immigrants, and actually, third generation African immigrants of any country.
 
It's pretty rare for a bank to finance a startup.

True, but when you consider Mumble's point that black people tend not to have the money needed to start their own companies, they gotta get the funding somewhere. Where if not a bank? Crowdfunding?

I just realized that I skipped your central point. Yes, it is quite an issue when people don't have enough to start their own company. It's easy to say, I bootstrapped my own company! I started a company. And I bootstrapped it. I didn't get anything from anyone. And I didn't pay myself for two years. However, I was only able to do that because my wife had a great job. My wife supported us.
 
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