'PowerNomics' - Dr. Claud Anderson
I almost want to leave that as a stand alone statement and hear your thoughts. It is quite the statement and it made me think about the financial state of Black people in North America. In the US 27.4% of all Black people live in poverty (the highest of all the races.) If we were to start buying Black would that help us lower these numbers?
Micheal Baisden (for those who don't know, is a radio host in the states who brings up a lot of issues that are prevalent in the Black community) spoke about this issue on his radio show. He asked why we don't buy Black and the consensus of the responses from the listeners was that 1) when we sell products/services they are too expensive and 2) we lack in customer service skills.
Let's take a look at the hair industry, for example. African Americans (even though we have the highest poverty rates) spent $507 BILLION (out of our total estimated buying power of $836 billion) on hair and hair products in 2009. And lets face it....most of that is not going into the hands of black owners. Walk into most black hair stores in the USA and they are Asian owned. Same thing with nails....always done (rarely by Black owned businesses).
I know we try to live in a 'can't we all just get along' age, but I wonder if that attitude is keeping us complacent.
Do you buy Black? Should we be making a greater effort to buy Black? Is buying Black the solution to helping us as a people? Or is this just a racist ideal?
I am interested in hearing your thoughts.