with all this speak on the weakness of the “black dollar” and black folk’s inability to maintain “wealth” in this society i want to offer this: consider for a second what the material makings of this society are. capitalism is based on white (western) ideology and principle and i don’t necessarily wish to be a success in that manner. “wealth” is built on exploitation and destruction- in order to create monopolies, capitalist must rape natural resources and starve smaller businesses- they must also steal means of self determination from others (historically indigenous folk and women). Black folk have not been given resources or education around a lot of finical literacy- that is true. however, i want to also consider that Black folk do not and have not, historically, held money in our minds in the same way as what this society dictates. we give our last to one another in the name of community and survival. we give to our institutions sometimes more than we do our bellies because the African world view is one of unity. we are not well if the collective is not well. i think it is easy dog Black folk out or play one another- call each other stupid for not holding money as long. it’s important to look at the material facts while we criticize.
p.s. if a people were placed into slavery, spiritually and physically exploited, and then made into “equal citizens” without any knowledge or tools to move in the same society that degraded and raped them then how could we expect them to be any kind of knowledgable about the way this shit works.
p.p.s. for folk who will say that Black folk invented money i would argue that capital is not functioning nor does it have the same mode of operation.