It wasn’t until the post-civil rights era that we began to see the tides change. Without getting too deep into the history of black economics, we must realize that most Blacks have only been able to create ‘real’ wealth and financial freedom for the last 50 years – slavery lasted 223 years from 1640-1863, then reconstruction and Jim Crow laws lasted 102 years from 1863-1965. That’s why when you turn on the television it seems like African-Americans are losing every-day! Because of systemic and institutionalized racism!
Claude Anderson in his powerful book #Powernomics) is when one group holds a disproportionate share of wealth and power over another group then uses those resources to marginalize, exploit, exclude and subordinate the weaker group. The true definition of racism (as stated by Dr. Just to be clear racism isn’t what the dictionary and the media want you to believe it is which is defined as prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one’s own race is superior. When there is no real consequence for injustice then we are simply begging for mercy, and no one respects a beggar! The truth of the matter is that money is power! Those who control the money, control everything else… Politics, Schools, Business, Police, Community and everything else in between. Mike Brown, Trayvon Martin, Philando Castile, Alton Sterling, Freddie Gray, Eric Garner, Sandra Bland, Kalief Browder and the countless other injustices are examples of what happens when our collective power is not respected. Even before #45 took office we began to see a resurgence of racism.
When Jay says Financial Freedom is our only hope he is not exaggerating.
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