At the close of the Civil War, the annual income of Black America was $20 million. By 1984, a little more than 100 years later, that figure had grown to $200 billion. But despite the steady growth of Black earning power, the Black family income is well below the national average and the Black community is still suffering from chronic and social economic instability.
And today the U. S. Black Gross Domestic Product (the sale of all goods and services annually) for African Americans is approximately equal to the GDP of the 11th richest nation in the world. Do the math and you will find out how expensive the cost of Black self-hatred, learned during the centuries of slavery in the U. S., and expressed economically, can be.
That’s another reason why Facebook refuses to accept advertising from TonyBrownsJournal.com that promotes Black self-help or empowerment – because too many people in power fear African American self-sufficiency; they confuse it with anti-White sentiment.
For example, Facebook’s “policy,” the spokesman told me, would not allow me to boost a recent blog of Black self-help because it featured a composite picture of Black historic icons Madame CJ Walker, Marcus Garvey, Dr. Carter G. Woodson and Booker T. Washington.
Black America’s inability to recycle dollars in its own community as efficiently as other ethnic groups who perform this economic ritual anywhere from 5 to 12 times has been given as the reason for the Black community’s economic inefficiency. Blacks recycle their wealth with one another less than once.
Why haven’t Blacks been able to take advantage of their tremendous wealth? Because African Americans been more concerned with integration and political or social acceptance than with economic independence. Has their crumbling status in society forced a new thrust toward economic development or more government dependency? These questions beg for answers that may lie in Black America’s mis-use and wasteful management of its own wealth.