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Nominally Free…



Starting this blog just after we celebrate the 150th year of the Emancipation Proclamation’s inauguration seems fitting.  Because much of what will be written in this blog will range from the historical context of the plight of Africans here in America to how the construct of our plight has not changed.  All of it will revolve around how this construct plays out in the often time ignored topic of micro-economics. When discussing micro-economics–especially the concepts for micro-economy (or lack thereof) of African-Americans (often referred to as Black economy)—we see that not much has changed since the Emancipation Proclamation went into effect.   Now this isn’t to say there has not been a vast quality of life improvement for Blacks, we certainly see that play out in our daily lives.  We see the freedoms we have in places we can now travel, people we can now wed, professions we can now enter, and elected offices we can now hold.  However, while the fire hoses were turned off, the dogs put back on chains, the ropes taken off of the lynching trees, the shackles and fetters removed from flesh;  Carter G. Woodson describes the times in which we now live with the following quote from his book The Mis-Education of the Negro, “The poverty which afflicted them for a generation after Emancipation held them down to the lowest order of society, nominally free but economically enslaved.” In order to understand what he means by this we need look no further than the percentage of wealth that is housed within the black population of this country in 2012 (Black folks have accumulated almost 1% of the wealth in this country); then look at the percentage of wealth for black folks in 1862, a year before the Emancipation Proclamation became effective (less than 1%). We also know that resources or the accumulation of resources is what generates wealth. Continue Reading →

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