What Needs to Be Done to Inspire Blacks to Entrepreneurship and Creating Generational Wealth?

Maximus RexMaximus Rex Pulchritudo in Conspectu RegisThe EmpreyanPosts: 6,355 ✭✭✭✭✭
Back in the olden days, Jews figured out rather quickly that the Christendom didn't give a fuck about them. They were subjected to endless persecution, porgrams, and the local monarch telling them at a moments notice, "Y'all gotta get the fuck up out of here. As a result, Jews for the most part didn't go into vocations that bound them the land, shit like agriculture, raising animals, and building shit. You also have to factor in that laws often prohibited Jews from going into trades. As a result Jews were left with these options, go into scholarly endeavours, become merchants, or go into banking and finance. These were skills that if they forced to leave their homes, where ever they ended up they would have a jobs.

The same was true us to certain extent, due to Jim Crow (out of necessity,) we were forced to have our own economy, as a result be patronize those businesses, and we were economically viable, but something happened during the Civil Rights Movement, for some reason, we abandoned our own economy to go do business with whites folks. If you listen to Dr. King's Mountain Top speech, he's talking about using the power of the black dollar. Malcolm was on the path to maintaining our economic independence. The Panthers were running a breakfast program and they realized the importance of African Americans relying on African Americans.

The way I see it is, that as a people, subconsciously we feel that all of the battles have been fought and the war has been won. There's this overwhelming feeling of complacency in the community. Niggas feel as if that just because they drink out of any water fountain, take a shit in any bathroom, and be served food at any lunch counter there ain't shit to be done. However, there's a gang of shit to be done, namely we have to make the schools that service or neighborhoods on par with those in white neighborhoods, we have to demand that our neighborhoods became safe, and have to embrace entrepreneurship and going guiding our children into going into white collar professions such as medicine, the law, accounting, finance, technology, etc. For those who don't desire to go into these professions, we should encourage them (especially men,) into becoming teachers. This complacent attitude that has to change, because it's not getting us any where. Niggas need to understand there's more at stake than having a "a job with the city making $25 an hour and having good benefits.
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“There are three types of baseball players: those who make it happen, those who watch it happen, and those who wonder what happens.”―Tommy Lasorda
NothingButTheTruthStillFaggyAFkingblaze84MzKBPlutarch
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Replies

  • twatgettatwatgetta Posts: 6,705 ✭✭✭✭✭
    edited January 2014
    Nice sermon my nigga...but honestly, fuck the hood . I ain't wasting no more time trying to school dumb niggers that look up to Cheif Keef and Lil B wit half they naked ass crack showin'...n/h...... it's a wrap...Every man for his damn self from here on out. See dem young niggers on the other side of life my nigga. Now if you wanna talk about addin' to the downfall of the hood, I'm all for that shit...Let's destroy these niggers is my lobby. fuck tryna help em.
    NothingButTheTruthzombiekingblaze84Wild SelfMeesterrabbitfoodonthafly
  • jonojono Right fist = power, left fist = unity Posts: 29,484 ✭✭✭✭✭
    You talkig some shit now dude. Banking and finance is one of the least understood concepts in the hood.

    Part of it is the lack of education on the subject. Another part of it is that banking is considered like biology or something as people don't see a inherent need for it. Sure people have bank accounts but they don't do much more than just let the banks hold that money. I'm guilty of that too honestly. I been working on learning more about how it works.

    The lack of financial education in the poor areas are the main issues.
    @SoulTrain4 *FMOT*

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  • NothingButTheTruthNothingButTheTruth stew Posts: 10,850 ✭✭✭✭✭
    The right people need to come together and organize something behind close doors. We should start small first. Network with other similar-minded black people in the area and get started in your neighborhood or city.

    The easiest way is to go through the churches since religion is everything to most of us, and that's the only place I can think of that black people with money populate consistently.
    DarkRaidenPlutarchJungz
  • zombiezombie Posts: 13,450 ✭✭✭✭✭
    Until the black family structure is fixed or made more whole everything we do will be like rolling a ball up a hill.
    kingblaze84MeesterMzKBPlutarch
  • blakfyahkingblakfyahking The IC's Resident Father Figure Posts: 15,520 ✭✭✭✭✭
    edited January 2014
    jono wrote: »
    You talkig some shit now dude. Banking and finance is one of the least understood concepts in the hood.

    Part of it is the lack of education on the subject. Another part of it is that banking is considered like biology or something as people don't see a inherent need for it. Sure people have bank accounts but they don't do much more than just let the banks hold that money. I'm guilty of that too honestly. I been working on learning more about how it works.

    The lack of financial education in the poor areas are the main issues.

    yes you are....that's why I keep offering to school you bruh

    we really underestimate the power of controlling our own money
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    Plutarch
  • StillFaggyAFStillFaggyAF Queer LGBT CommunityPosts: 40,359 ✭✭✭✭✭
    GOAT OP


    but i think we are slowly making progress.

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  • twatgettatwatgetta Posts: 6,705 ✭✭✭✭✭
    The right people need to come together and organize something behind close doors. We should start small first. Network with other similar-minded black people in the area and get started in your neighborhood or city.

    The easiest way is to go through the churches since religion is everything to most of us, and that's the only place I can think of that black people with money populate consistently.

    the Boule did that shit already and look how fucked up the black community has become because of that.

    nigga said Church? niggga fuck church!!!....they too busy doin this shit in church...LOL

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    Ajackson17kingblaze84Meester
  • UnderMiSensiUnderMiSensi Posts: 951 ✭✭✭✭✭
    edited January 2014
    "What Needs to Be Done to Inspire Blacks to Entrepreneurship and Creating Generational Wealth?"

    At this point nothing can be done, it's a lost cause. Let the dead bury the dead
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    StillFaggyAFDarkRaidenPlutarchJungzonthafly
  • Ajackson17Ajackson17 On the shoulders of Giants and Elders in history UniversePosts: 22,295 ✭✭✭✭✭
    Get rid of this mindset

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  • kingblaze84kingblaze84 Bronx, NY birthplace of hip-hopPosts: 14,095 ✭✭✭✭✭
    Great OP, co-sign 100%.

    Progress is being made but the problem is that the entrepreneurship seems to be mostly coming from Caribbeans and Africans entering the country. I know cuz I see African and Caribbean themed mom and pop stores popping up here in NY but not enough African-American based ones. There is money in the Black community because pound for pound, Blacks are the biggest consumers in America, but we don't own enough of the wealth. Once family structure is fully in place, more progress can be made but I'll say it again, too many horrible parents are fucking things up for the next generation. I'd rather see Black people create less kids then our people be broke and create a whole new cycle of poverty and kids they can't afford. It's dragging us down
    zombieWild SelfPlutarchonthafly
  • kingblaze84kingblaze84 Bronx, NY birthplace of hip-hopPosts: 14,095 ✭✭✭✭✭
    edited January 2014
    twatgetta wrote: »
    Nice sermon my nigga...but honestly, fuck the hood . I ain't wasting no more time trying to school dumb niggers that look up to Cheif Keef and Lil B wit half they naked ass crack showin'...n/h...... it's a wrap...Every man for his damn self from here on out. See dem young niggers on the other side of life my nigga. Now if you wanna talk about addin' to the downfall of the hood, I'm all for that shit...Let's destroy these niggers is my lobby. fuck tryna help em.

    I feel what you saying but we gotta keep trying. The ones with ice cream cone tats on their faces and 5 kids by five baby daddies are done, I agree but we gotta keep trying on the other ones. I'm willing to say though that maybe 30% of our community is fucked and no help will save them. Many of them could be crack babies for all we know, some won't or can't learn to improve
    Wild Self
  • Wild SelfWild Self Posts: 4,226 ✭✭✭✭✭
    Tell people, and put guilt in them, that to stop being so selfish and pass something down to their kids. Too many of these parents still want to be like college students, but not enough of them want to leave something that doesn't depreciate in value.
    Maximus Rex
  • bornnraisedoffCMRbornnraisedoffCMR Posts: 1,073 ✭✭
    I think we as blacks sort of lost our way along the ride. You go back to the reconstruction era up to the Great depression, black upward mobility was at it's highest. This is not to say it was perfect, jim crow laws had been instituted, institutional racism was prevailant, and there was no black representation politically. With that said, we created many of our own towns with our own businesses, we created black hospitals, banks, schools, etc. Blacks looked after each other via social groups and social aid clubs. Prior to government assistance, black people would joint the social aid clubs and fraternal orders, their dues would contribute and be used for burial expenses, medical care, and unemployment benefits.

    While the black public schools were subpar, there were some great privately funded schools in black communities. Black business owners, black farmers all contributed to the upward mobility of blacks. What happened? I dont really know. With the jim crow thing and the government restricting blacks from really taking part in the free market, it caused us to get left behind. And when we finally kicked down the doors, I think a lot of us got lost trying to be a part of white society. We wanted so badly to work for white man, we didnt strive to work for ourselves and build real wealth. The government also placed many road blocks in the way of blacks truly getting a foot hold into the larger economy. For example, in the 50's and 60's, white farmers were given large bank loans to expand their industry, while black farmers where prohibited from being able to get those govt subsidized loans. This squeezed the black farmer out of business. In school, we are told to become doctors or lawyers, but what about businessmen?


    We'll be ok though. We just need to get back to taking care of our own and building our own.
    Plutarch
  • MeesterMeester The World Is Mind. Outrage LandPosts: 15,772 ✭✭✭✭✭
    edited January 2014
    a child learns how to tie his shoe from a family member, same for a childish adult.
    Powered by 9(0)'s sun.
  • SionSion Moderator, Legion of Trill, AHH Content Producer, AHH Editor Posts: 43,332 Regulator
    More black kids going to college & deading this whole idea that "you dont need school nonsense" I HATE that ideology SMMFH cuz rich kids & niggas who go to ivy leagues can say that shit - you niggas cant. As much as niggas crack on school on here I really believe that education is what separates the rich from the poor.
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    jono wrote: »
    This is the folly of the internet. Its become a bastion of misinformation, rumors, conspiracies and propaganda. A place where a person with no face or name can make accusations at any time with no verification or credentials and brainwash a small segment of people.
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  • Focal PointFocal Point Kushite descent... wandering child from Meru of Old TrentonPosts: 16,141 ✭✭✭✭✭
    Blacks support black establishments and black establishments do right by their customers. Black establishments buy, support, and invest in other black establishments. Black establishments support and invest in predominately black schools. At least 80% of Black parents become more involved in their children's education and community. Black parents take your children to a bank. Involve them in community service.
    blakfyahkingWild Self
  • marc123marc123 Posts: 14,855 ✭✭✭✭✭
    edited January 2014
    What Needs to Be Done to Inspire Blacks to Entrepreneurship and Creating Generational Wealth?
    dont kno.

    but its sure not goin to get done discussing it over a internet message board.
  • MzKBMzKB Posts: 3,365 ✭✭✭✭✭
    financial education needs to begin and be mandatory from grade school all the way through college
    Plutarch
  • LustchyldLustchyld Posts: 987 ✭✭✭✭
    I think we as blacks sort of lost our way along the ride. You go back to the reconstruction era up to the Great depression, black upward mobility was at it's highest. This is not to say it was perfect, jim crow laws had been instituted, institutional racism was prevailant, and there was no black representation politically. With that said, we created many of our own towns with our own businesses, we created black hospitals, banks, schools, etc. Blacks looked after each other via social groups and social aid clubs. Prior to government assistance, black people would joint the social aid clubs and fraternal orders, their dues would contribute and be used for burial expenses, medical care, and unemployment benefits.

    While the black public schools were subpar, there were some great privately funded schools in black communities. Black business owners, black farmers all contributed to the upward mobility of blacks. What happened? I dont really know. With the jim crow thing and the government restricting blacks from really taking part in the free market, it caused us to get left behind. And when we finally kicked down the doors, I think a lot of us got lost trying to be a part of white society. We wanted so badly to work for white man, we didnt strive to work for ourselves and build real wealth. The government also placed many road blocks in the way of blacks truly getting a foot hold into the larger economy. For example, in the 50's and 60's, white farmers were given large bank loans to expand their industry, while black farmers where prohibited from being able to get those govt subsidized loans. This squeezed the black farmer out of business. In school, we are told to become doctors or lawyers, but what about businessmen?


    We'll be ok though. We just need to get back to taking care of our own and building our own.

    good post I agree 100%
    Lil bastard yall..

    Le don de Dieu aux femmes


  • Maximus RexMaximus Rex Pulchritudo in Conspectu Regis The EmpreyanPosts: 6,355 ✭✭✭✭✭
    Sion wrote: »
    More black kids going to college & deading this whole idea that "you dont need school nonsense" I HATE that ideology SMMFH cuz rich kids & niggas who go to ivy leagues can say that shit - you niggas cant. As much as niggas crack on school on here I really believe that education is what separates the rich from the poor.

    I once heard Bloomberg and Colin Cowherd of The Herd radio show say this, it isn't necessarily about the educate, but if you have the ability to get things done and do you have ideas. With that being said, black people are so fucked in the game educationally that going to school needs to be encouraged among out youth. They need to go to college for the exposure to different things and make the connections that they may need later in life.
    Oakland+Athletics+1200.jpg

    “There are three types of baseball players: those who make it happen, those who watch it happen, and those who wonder what happens.”―Tommy Lasorda
  • NothingButTheTruthNothingButTheTruth stew Posts: 10,850 ✭✭✭✭✭
    College is nothing more than an investment. It is not needed to succeed nor should every kid be encouraged to go.

    Before anybody goes to college they should 100% know how this college degree is going to help them towards their goals, and how they're going to pay for tuition. If they don't have definitive answers for both of these circumstances, then I would suggest they follow a different path.

    Without the correct preparation (via doing the research and being extra particular with what college you choose and what you major in), college can turn out to be a waste of time and money.

    ... As an alternative, there are trade schools, there are some jobs that pay well enough without requiring a degree, and there is always the military and entrepreneurship.
    PlutarchMeesterJungz
  • Maximus RexMaximus Rex Pulchritudo in Conspectu Regis The EmpreyanPosts: 6,355 ✭✭✭✭✭
    ... As an alternative, there are trade schools, there are some jobs that pay well enough without requiring a degree, and there is always the military and entrepreneurship.

    Shouldn't a kid who wants to own his own business be encouraged to go to college to learn such things as marketing, accounting, and develop his social and business network?

    Oakland+Athletics+1200.jpg

    “There are three types of baseball players: those who make it happen, those who watch it happen, and those who wonder what happens.”―Tommy Lasorda
  • PlutarchPlutarch A Tribe Called Fresh Philly, PA, by way of Ca$hville, TNPosts: 3,122 ✭✭✭✭✭
    goat thread. Nearly everything that needed to be said has already been said. I've always thought that good education and good parenting has and always will be the foundational building blocks to success. And we clearly need to improve in both areas.

    I know that many disagree, but I also think that free market economics can also promote entrepreneurship, small businesses, competition, etc. - all of which can support American Blacks. Our current system especially isn't helping.
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