Wed. Dec 12th, 2018

Buying Power and The Hate That Hate Produces

Dr. Hate sat down with Jared Ball to discuss further the Myth of Black Buying Power. There is much more on its way but this differently managed discussion is essential to a better understanding of how this myth functions. You can also hear our previous discussions with Merhsa Baradaran mentioned below to get even more!

CORRECTION: Dr. William “Sandy” Darity is misquoted and, in fact, said that Black people have a “per capita income of about $20k” which comes to about “$700 BILLION (not million) which is $500 billion less” than the false claim of “$1.1 trillion” in “buying power.”

3 thoughts on “Buying Power and The Hate That Hate Produces

  1. This crucial conversation makes it clear that within the black community or black colony, black buying power [ GDP ] results in a people becoming unwitting participants in a system of inequality. Within this framework, black capitalism, according to Dr. Huey P. Newton’s insightfulness, can also be seen as a hoax:

    “Black capitalism is represented as a step toward black liberation. It isn’t. It is giant strides away from liberation. No black capitalists can function unless he or she plays the white man’s game. Worse still, while the black capitalist wants to think he functions on his own terms, he doesn’t. He is always subject to the whims of the white capitalist. The riches of black capitalism, and the limits of black capitalism are set by the white power structure”. [ Huey P. Newton in Ebony Magazine, 1 August, 1969, pg. 110 ].

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