The Black Community Needs To Practice Group Economics

By Sicebise Msengana

Onitaset Kumat makes excellent remarks "It’s sad, but our recent rap culture, with its excesses on jewelery, automobiles and fashion has minimized the African’s natural quest for
‘goodness’ into one of ‘goldness.’ This century’s old warning was in vain. Only by a constant protest of Mammonism ought we as a people reverse what damages have arose... ."

I don't have jealously in my heart. This doesn't apply only to the famous boxer, Floyd, but to everyone in the African community. This is just an example to highlight the common mistakes that we make as Africans.

Imagine if Floyd "Team money" Mayweather can conduit a small portion of his income that is worth millions of dollars into the Black community, so that Africans in America can create independent nation building institutions.

"If we never learn the value of supporting of black-owned businesses, we are always going to be disappointed. We are going to have the highest unemployment rates, the lowest wealth levels and the greatest degrees of frustration. When I had a three hour personal conversation with Min. Louis Farrakhan (followed by a nine-hour closed economic summit a month later) , one point that he made (which I agree with entirely) is that black people can learn a great deal from watching how the Jewish community handles it’s wealth. In order for us to grow as a people, we must realize this important fact: Our money is our power and we cannot give it all away." -Dr. Boyce Watkins. 

Instead of flaunting his money to the public or spending it outside the Black community, he can create plans, programs and organisations that are investing retirement funds, housing, schools and colleges, construction companies, food companies and other areas of interest in the Black community.

It's a great honour to quote a legendary scholar, Dr. Amos Wilson "No Black person has ever bee taught to think like “White Folks”. If you thought like a Whites, you would want your own nations, to control your own neighborhoods, to control your own economy, to have your own military, to control the resources in your own ground. Blacks come out of these schools and universities to be highly educated servants, slaves not in control of their own destiny. You would want to remove them from power. Knowledge must be wielded to a sense of purpose, people-hood and destiny. Then it becomes protective of your survival as a people. It is measured by how it protects your survival as a people, nationhood.