Download or read book The Myth of Black Capitalism written by Earl Ofari Hutchinson and published by NYU Press. This book was released on 2024-01-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deciphers the history of “Black capitalist” rhetoric— and how it serves to enrich a minuscule few at the expense of the many In his 1970 book The Myth of Black Capitalism, Earl Ofari Hutchinson laid out a rigorous challenge to the presumption that capitalism, in any shape or form, has the potential to rectify the stark injustices endured by Black people in America. Ofari engaged in a diligent historical review of the participation of African Americans in commercial activity in this capitalist country, demonstrating conclusively that the creation of a class of Black capitalists failed to ameliorate the extreme inequity faced by African Americans. Even “Buy Black” campaigns which aimed to “keep resources in the community,” he showed, reinforced a Black bourgeoisie which often enough exploited the Black underclass to increase their own wealth. Whether Black capitalists dared to go up against, or merely tried to find their place amongst, giant monopoly corporations, Ofari argued they would make little substantive progress in the lives of Black people. And whether calls for “Black capitalism” came from within the Black Power movement for Black economic autonomy, or were appropriated by the old-line Black elite, in the end the promotion of the myth of “Black capitalism” was a project of the Black elite which solely served the interests of the capitalist managerial class. It was Richard Nixon who first introduced the notion of “Black capitalism” into mainstream American discourse, coopting the term at a time when African Americans comprised only 3% of the nation’s employers. That number dwindled thereafter, and yet the term only gained cachet following the election of Barack Obama and the increased visibility of the Black elite. Thankfully, just as the rhetoric of ‘Black capitalism” is being resuscitated, it is being confronted once more. In this second edition of Earl Ofari’s pathbreaking book, a Monthly Review Press classic, the author adds a new Introduction, which shows both the enduring strength of the ideology of Black capitalism and its continued inability to change the nature of what has always been a racialized system of production and distribution. Ofari reveals “Black capitalism" for what it really is: a diversion from the struggle for liberation that works at cross purposes with the fight against exploitation, and a fantasy which enriches a minuscule few at the expense of the many. The Myth of Black Capitalism argues definitively that only a direct assault on the oppression of Black people and the capitalist system itself can bring this exploitation to an end.
Download or read book Myth of Black Capitalism written by Earl Ofari and published by Monthly Review Press. This book was released on 2011-03-21 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: 0
Download or read book How Capitalism Underdeveloped Black America written by Manning Marable and published by Haymarket Books. This book was released on 2015-11-02 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: "How Capitalism Underdeveloped Black America is one of those paradigm-shifting, life-changing texts that has not lost its currency or relevance—even after three decades. Its provocative treatise on the ravages of late capitalism, state violence, incarceration, and patriarchy on the life chances and struggles of black working-class men and women shaped an entire generation, directing our energies to the terrain of the prison-industrial complex, anti-racist work, labor organizing, alternatives to racial capitalism, and challenging patriarchy—personally and politically."—Robin D. G. Kelley "In this new edition of his classic text . . . Marable can challenge a new generation to find solutions to the problems that constrain the present but not our potential to seek and define a better future."—Henry Louis Gates, Jr. "[A] prescient analysis."—Michael Eric Dyson How Capitalism Underdeveloped Black America is a classic study of the intersection of racism and class in the United States. It has become a standard text for courses in American politics and history, and has been central to the education of thousands of political activists since the 1980s. This edition is prsented with a new foreword by Leith Mullings.
Download or read book The Myth and Propaganda of Black Buying Power written by Jared A. Ball and published by Springer Nature. This book was released on 2020-04-01 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Palgrave Pivot offers a history of and proof against claims of "buying power" and the impact this myth has had on understanding media, race, class and economics in the United States. For generations Black people have been told they have what is now said to be more than one trillion dollars of "buying power," and this book argues that commentators have misused this claim largely to blame Black communities for their own poverty based on squandered economic opportunity. This book exposes the claim as both a marketing strategy and myth, while also showing how that myth functions simultaneously as a case study for propaganda and commercial media coverage of economics. In sum, while “buying power” is indeed an economic and marketing phrase applied to any number of racial, ethnic, religious, gender, age or group of consumers, it has a specific application to Black America.
Download or read book The Color of Money written by Mehrsa Baradaran and published by Harvard University Press. This book was released on 2017-09-14 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1863 black communities owned less than 1 percent of total U.S. wealth. Today that number has barely budged. Mehrsa Baradaran pursues this wealth gap by focusing on black banks. She challenges the myth that black banking is the solution to the racial wealth gap and argues that black communities can never accumulate wealth in a segregated economy.
Download or read book The Myth of Capitalism written by Jonathan Tepper and published by John Wiley & Sons. This book was released on 2023-04-25 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.
Download or read book The Myth of Chinese Capitalism written by Dexter Roberts and published by Macmillan + ORM. This book was released on 2020-03-10 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of how restrictive policies are preventing China from becoming the world’s largest economy Dexter Roberts lived in Beijing for two decades working as a reporter on economics, business and politics for Bloomberg Businessweek. In The Myth of Chinese Capitalism, Roberts explores the reality behind today’s financially-ascendant China and pulls the curtain back on how the Chinese manufacturing machine is actually powered. He focuses on two places: the village of Binghuacun in the province of Guizhou, one of China’s poorest regions that sends the highest proportion of its youth away to become migrants; and Dongguan, China’s most infamous factory town located in Guangdong, home to both the largest number of migrant workers and the country’s biggest manufacturing base. Within these two towns and the people that move between them, Roberts focuses on the story of the Mo family, former farmers-turned-migrant-workers who are struggling to make a living in a fast-changing country that relegates one-half of its people to second-class status via household registration, land tenure policies and inequality in education and health care systems. In The Myth of Chinese Capitalism, Dexter Roberts brings to life the problems that China and its people face today as they attempt to overcome a divisive system that poses a serious challenge to the country’s future development. In so doing, Roberts paints a boot-on-the-ground cautionary picture of China for a world now held in its financial thrall. Dexter Roberts is an award-winning journalist and a regular commentator on the U.S.-China trade and political relationship. His prior speaking engagements include traditional news media outlets (NPR, Fox News, CNN International) as well as universities and institutes (George Washington University, Council on Foreign Relations, and the Overseas Press Club). He is available for virtual classroom visits to courses that adopt The Myth of Chinese Capitalism. Please contact [email protected] for more information.
Download or read book The Myth of the Free Market written by Mark Anthony Martinez and published by Kumarian Press. This book was released on 2009 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: * Explains how the 2008 financial meltdown came about and how to revitalize global and domestic economies * Shows how capitalist economies developed and why the state matters in their functioning Free market purists claim that the state is an inefficient institution that does little for society beyond providing stability and protection. The activities related to distributing resources and economic growth, they say, are better left to the invisible hand of the marketplace. These notions now seem tragically misguided in the wake of the 2008 market collapse and bailout. Mark Martinez describes how the flawed myth of the "invisible hand" distorted our understanding of how modern capitalist markets developed and actually work. Martinez draws from history to illustrate that political processes and the state are not only instrumental in making capitalist markets work but that there would be no capitalist markets or wealth creation without state intervention. He brings his story up to the present day to show how the seeds of an unprecedented government intervention in the financial markets were sown in past actions. The Myth of the Free Market is a fascinating and accessible introduction to comparative economic systems as well as an incisive refutation of the standard mantras of neoclassical free market economic theory.
Download or read book Forgeries of Memory and Meaning written by Cedric J. Robinson and published by UNC Press Books. This book was released on 2012-09-01 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cedric J. Robinson offers a new understanding of race in America through his analysis of theater and film of the early twentieth century. He argues that economic, political, and cultural forces present in the eras of silent film and the early "talkies" firmly entrenched limited representations of African Americans. Robinson grounds his study in contexts that illuminate the parallel growth of racial beliefs and capitalism, beginning with Shakespearean England and the development of international trade. He demonstrates how the needs of American commerce determined the construction of successive racial regimes that were publicized in the theater and in motion pictures, particularly through plantation and jungle films. In addition to providing new depth and complexity to the history of black representation, Robinson examines black resistance to these practices. Whereas D. W. Griffith appropriated black minstrelsy and romanticized a national myth of origins, Robinson argues that Oscar Micheaux transcended uplift films to create explicitly political critiques of the American national myth. Robinson's analysis marks a new way of approaching the intellectual, political, and media racism present in the beginnings of American narrative cinema.
Download or read book Cowboy Capitalism written by Olaf Gersemann and published by Cato Institute. This book was released on 2004 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europeans believe that, while the U.S. economy may create more growth, they have it better when it comes to job security, income equality, and other factors. Gersemann, a German reporter went to America, and found that the greater market freedoms in America create a more flexible, adaptable, and prosperous system than the declining welfare states of "old Europe." This book presents statistical data in extensive yet accessible charts and graphs.
Download or read book The Negro As Capitalist written by Abram L. Harris and published by . This book was released on 2013-10 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a new release of the original 1936 edition.
Download or read book Carceral Capitalism written by Jackie Wang and published by MIT Press. This book was released on 2018-03-02 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays on the contemporary continuum of incarceration: the biopolitics of juvenile delinquency, predatory policing, the political economy of fees and fines, and algorithmic policing. What we see happening in Ferguson and other cities around the country is not the creation of livable spaces, but the creation of living hells. When people are trapped in a cycle of debt it also can affect their subjectivity and how they temporally inhabit the world by making it difficult for them to imagine and plan for the future. What psychic toll does this have on residents? How does it feel to be routinely dehumanized and exploited by the police? —from Carceral Capitalism In this collection of essays in Semiotext(e)'s Intervention series, Jackie Wang examines the contemporary incarceration techniques that have emerged since the 1990s. The essays illustrate various aspects of the carceral continuum, including the biopolitics of juvenile delinquency, predatory policing, the political economy of fees and fines, cybernetic governance, and algorithmic policing. Included in this volume is Wang's influential critique of liberal anti-racist politics, “Against Innocence,” as well as essays on RoboCop, techno-policing, and the aesthetic problem of making invisible forms of power legible. Wang shows that the new racial capitalism begins with parasitic governance and predatory lending that extends credit only to dispossess later. Predatory lending has a decidedly spatial character and exists in many forms, including subprime mortgage loans, student loans for sham for-profit colleges, car loans, rent-to-own scams, payday loans, and bail bond loans. Parasitic governance, Wang argues, operates through five primary techniques: financial states of exception, automation, extraction and looting, confinement, and gratuitous violence. While these techniques of governance often involve physical confinement and the state-sanctioned execution of black Americans, new carceral modes have blurred the distinction between the inside and outside of prison. As technologies of control are perfected, carcerality tends to bleed into society.
Download or read book 23 Things They Don t Tell You about Capitalism written by Ha-Joon Chang and published by Bloomsbury Publishing USA. This book was released on 2011-01-02 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: INTERNATIONAL BESTSELLER "For anyone who wants to understand capitalism not as economists or politicians have pictured it but as it actually operates, this book will be invaluable."-Observer (UK) If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.
Download or read book Cedric J Robinson written by Cedric J. Robinson and published by Black Critique. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays by the influential founder of the black radical tradition
Download or read book A Black Odyssey written by Randall Bennett Woods and published by University Press of Kansas. This book was released on 2021-10-08 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the career of a single individual—an ambitious, resourceful black American—and his efforts to realize personal fulfillment in a racist world. No black American was more determined to realize the promise of American life following the Civil War, nor more frustrated by his inability to do so than John Lewis Waller. Waller, whose first twelve years were spent in slavery, overcame his humble beginnings to become a politician, lawyer, journalist, and diplomat. Nevertheless, his life provides a case study of a middle class black caught between a desire to work within the existing political and economic framework and a need to reject a milieu that was becoming increasingly racist. Waller spent his childhood as a slave in Missouri, and his adolescence on a farm in Iowa. Circumstances and personal ambition combined to allow Waller to acquire a trade—barbering—and a profession—lawyering—in the 1870s. In 1878 he migrated to frontier Kansas, where he practiced law, edited a newspaper, rose to a position of leadership in the black community, and became an important figure in the state Republican party. His political career ended abruptly in 1890, however, when the Republicans rejected his bid to be nominated as the party’s candidate for state auditor. Convinced that his defeat was due to the rising tide of racism throughout the nation, he turned his attentions abroad. Waller was particularly susceptible to the lure of overseas empire because he had spent much of his adult life in the midst of a community of people who had succumbed to the myth of a “promised land,” who were convinced that the Negro would be best able to realize his potential in economically under-developed regions not yet exploited and controlled by the white man. In 1891 President Benjamin Harrison appointed Waller United States consul to the east African island of Madagascar. By 1894 Waller had obtained a huge land grant there for the founding of a black utopia. He hoped to establish a plantation-colony that would simultaneously advance his personal fortunes, serve as an investment opportunity for aspiring black capitalists, and constitute a refuge for oppressed Afro-Americans who wished to immigrate. He was thwarted once again by racism, however—this time in the guise of French imperialism. Viewing Waller and his plans as a threat to their hegemony in Madagascar, French authorities quashed the concession, arrested Waller on a charge of being a spy, and sentenced him to twenty years in prison. There followed a full-scale diplomatic confrontation between the United States and France. Waller was released after serving ten months in a French prison, but only after the Cleveland administration agreed to discredit him to the point where he would seem guilty as charged. In his early manhood John Lewis Waller had realized that because he was a Negro personal achievement could not be separated from racial advancement. Responding to that perception, he spent a lifetime searching for a frontier where blacks could enjoy the blessings of democracy and capitalism, and yet be free of the blight of racism. Unlike the vast majority of American blacks of his time, Waller was able to articulate his dreams, have an impact on the larger, white dominated environment, and realize his individual potential to a remarkable degree. Nevertheless, his dreams were ultimately dashed by racism. His sad but fascinating story deserves the careful attention of all students of politics and race relations during the complex post-Civil War year.
Download or read book The Myth of Black Progress written by Alphonso Pinkney and published by CUP Archive. This book was released on 1984 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the status of black Americans since the Civil Rights Act of 1964.
Download or read book How the Poor Can Save Capitalism written by John Hope Bryant and published by Berrett-Koehler Publishers. This book was released on 2014-06-02 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has a simple message for business leaders: you help yourselves by helping the poor. Instead of feeling as if the economy is working against them, the poor need to feel they have a stake in it so they will buy your products and put money in the bank. Supporting poor people's efforts to move into the middle class is the only way to enrich everyone, rich and poor alike.
