Tags Black economic power
Tag: Black economic power
It’s 2016, 40 years since Muhammad al-Kareem founded the New Bayview, now renamed the San Francisco Bay View, in 1976. Inspired by Malcolm X, he wanted to bring a newspaper like Muhammad Speaks to Bayview Hunters Point. He’ll tell the story of those early years, and I’ll pick it up now at the point when my wife Mary and I took over in 1992. Watching our first paper roll through the huge two-story tall lumbering old press at Tom Berkley’s Post Newspaper Building on Feb. 3, 1992, was a feel-like-flying thrill we’ll never forget.
Fifty years ago, on June 16, 1966, in Greenwood, Mississippi, Student Nonviolent Coordinating Committee (SNCC) Chair Kwame Ture, then known as Stokely Carmichael, addressed a crowd of youthful demonstrators and the media covering the militant March Against Fear and forcefully re-echoed our millennial and generational demand for “Black Power.”
How can a group have over 3 million people with college degrees yet be so underdeveloped economically? How can a people have over 10,000 elected officials yet have so little economic power? Why do African Americans spend only 3 percent of their income with each other? Could that explain why only 9 out of every one thousand African Americans start a business, while other groups are above 100?
Here we attempt to trace some of the historical antecedents and current socioeconomic processes that have served to prevent Black and Mexican American entrepreneurs from being assimilated into the mainstream of national business activities. In so doing, we must examine the evolution of Negro and Mexican American labor in the United States and its relationship to white-controlled labor unions, business and government.
Contradictions in White America’s treatment of Blacks, which were exposed by the Black Power Movement, fashioned another side of King, according to his last speech and his writings. A side that began to embrace Black nationalist tactics and strategies as a means to achieve freedom, justice and equality for Black people. A side that accelerated Dr. Kings’ assassination.