Are Black Dollars Making No Sense?
In her article “Why Can’t Blacks Hold Onto A Dollar?” Kim E. Gordon takes a historical perspective and present-day analysis of Black wealth in America. The article deals with the fact that, while having attained unprecedented buying power equivalent to the 10th largest nation in the world, Black America remains mired in relative poverty compared with other groups and what might be done to change this situation.
“When we come home to our neighborhoods on payday, do we allow our money to pause and catch its breath in our communities? The Jewish dollar is said to circulate from seven to ten times throughout the Jewish community before it leaves. The Asian dollar makes the rounds in Asian neighborhoods about six times. But the Black dollar doesn’t even make it into the hands of a Black merchant or retailer. Is it any wonder these businesses go under so quickly?”
She has a point. But the article is not intended to criticize. It’s goal is to make us think about the financial choices we make and motivate us to make better dollar decisions.
Click here to read the entire story.

Pingback by The SuperSpade » Article » What is independence? on 4 July 2007:
[...] A practical application here is local ownership and support of local business. Why is it that Black dollars are so seldom placed into the hands/accounts of Black business owners? What this leads to is seeking guidance, opinions, and resources from those outside of the Black [...]