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BLACKS ARE ECONOMIC SLAVES
By Chika Onyeani
|There is nothing like State of Black Economy. It does not exist in Africa.
Neither does it exist in any other part of the world. It is an illusion to
think there is such a situation called State of Black Economy. Blacks are
economic slaves. There is no group of people in this world who have abandoned any
ambition of being economically independent from the grip of others as the
Black race - whether Africans from the continent, or Africans from the Diaspora -
Black Americans, Caribbean or migratory Africans. We are more slaves now
than when the Caucasian conquered us and sold us into slavery. The word slave
means we are serfs, chattels, paupers, peons or vassals.
The Political & Spiritual Purpose of the
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The fact is that none of the natural resources Africa is blessed with is
under African control. We don't even understand the value of the natural
resources we possess; otherwise, we would know how to cultivate them. If we did, we
would own the avenues through which these products are brought to be utilized
in the world. The United Nations has year in, year out, declared Africa as the
world's poorest continent, despite its enormous natural resources. The fact
is that the world is moving so fast that Black people stand the chance of
being wiped off the face of the earth by a Hitler or Mussolini - could you just
imagine what would happen if a David Duke were to become the President of the
United States of America, the country with the most weapons of mass
Oil has become one of the most important products in the world. It is what
created the fortunes of people like the Rockefellers; it is what created
companies like Standard Oil which was broken up to become the juggernauts like
Exxon, Mobil, Texaco, etc. A lot of the African countries possess oil in
abundance, including countries like Nigeria, Angola, Democratic Republic of the Congo, Gabon, Libya, Equatorial Guinea and others. In fact, it has become the
economic life blood of most African countries.
But, we as Africans don't have an iota of knowledge of the process of finding
|This is a lesson we should learn. When the Caucasian needed slaves to work
in their farms, they made Blacks their machines. They found these machines
much slower when they invented the horse-drawn plough and they became
superfluous. When they found the cold unbearable, they invented heating
they found summer heat unbearable, they invented the air conditioner. When they needed a way of talking to one another without visiting each other, they
invented the telephone. When they stopped the practice of town-crier, they invented the radio. When they found writing with pens too slow, they first
invented the typewriter and now the computer. When they needed to get to a destination faster than riding on the horse, they invented the automobile.
invented the ship to be able to cross wide expanses of water. When the need
to get somewhere even faster, the Wright brothers came to the rescue and
invented the airplane.
Every other people of "color," the Japanese, Chinese, the Indians - assuming
white is not a color - have appropriated all the technology and made them
their own. In fact, they have learned so well that they produce these products better than the people who orginally invented them. That is the mark of intelligence.
There is the reality check for a Capitalist Nigger. He is not in the habit
of deluding himself about the grandeur of his ancestors. He acknowledges it.
He does not live on it. His reality check is that the strong must inherit the
earth. He understands that the world is a jungle. It is kill or be killed.
He understands that if you don't produce what you eat; if you don't
manufacture what you use; and if you don't understand how to articulate and
conceptualize your concerns to your people, there cannot be a solution. He understands
that the State of Black Economy can only be created when a group of young Black
men and women decide to dare to be successful. Yes, we have to dare to be
When there was segreation, there was an Black economy. There were thriving
Black banks, insurance companies, hotels, convention centers, stores catering
to Blacks. The Black economy thrived. Blacks were forced to buy from Blacks.
The meager salaries that they earned stayed in the Black community and
created jobs and a stabilized community. All that is gone. Blacks knew how to
patronize one another. Segregation does not have to rear its ugly head again for
Blacks to know it is time that they started patronizing Black businesses
again. There has to be a parallel to Citigroup; there has to be a parallel to
MCIWorldcom; there has to be parallel to Apple Computer. All these are attainable
It would be foolhardy to talk of creating another Microsoft, a General
Motors, an AT&T. The largest black bank - the Carver Bancorp Inc. - had assets of
$420 million; while its Caucasian counterpart, the Citigroup had assets of $668
billion - that's $168 billion more than the combined revenues of all Blacks
in 1998. Yet, out of the $500 billion that Blacks generated, the total assets
of the largest 25 Black banks amounted to only $4.5 billion.
If you cannot buy African, there is absolutely no way you are going to create
a Black economy. We must have to learn from East Indians, who have done so
well in integrating their economy in this country. In another section of this
book, we discussed how the East Indians had taken over the newsstand business
in New York City, and its taxi and limousine business. Apart from these, they
have also taken over the motel and medium sized hotel business through the
country, as well as most of the gas stations. They have been able to do so
through combining their assets and creating a totally integrated community. From
the food he easts to the shoes, and any other thing he needs, he can get it
from another Indian. In this way, they keep the money they make from others
circulating only within their community. It is what I call the "Spider-Web
In economic terms, when you invest a dollar in another community, you have
immediately created $8.000 for that community; and that $8.00 will eventually
result in creating $164 for that community through the multiplier effect. You
can calculate this and see why the East Indians who have recently made America
their home, have been able to accumulate money and wealth so quickly to become
a force in the economic and political playing field. East Indians control
their community economically. They own the houses they live in. The money they
used to buy those homes was either generated independently or borrowed from
an Indian mortgage lender.
All the businesses conducted within East Indian communities are totally owned
by Indians. They have learned the lesson of never allowing their money to
get out of their community. They found a niche, and they seized it. They took
over businesses which were already running successfully. They didn't have to
build a new mouse trap. They found a way to use an already existing mouse
trap. Through the absolute control of their economy and the "Spider-Web Economic
Doctrine", they are now playing in the bigger leagues by taking over existing
major companies just as they had done with the small ones.
A Capitalist Nigger understands that for the Black economy to be created, he
must have to create a niche for himself. The movement to restart the Black
economy must be planned with absolute focus, with each individual focusing on
how he can contribute to making it a reality. There are some Capitalist Niggers
who have already begun the movement. One night, I was watching Jay Leno of
NBC's Late Night with Jay Leno. One of his guests that night was Michael
Jordan. Leno wanted to know why Jordan did not proceed with his purchase of the NBA
franchise Charlotte Hornets. Jordan replied that the owners had a different
understanding of what he wanted his investment in the club to do. "I cannot
put my money where I don't have total control," said Jordan. Michael Jordan,
in this case, understood what it means to be a Capitalist Nigger.
This war to restart the Black Economy must be fought by educated consumers
and capitalists. Take a moment to take cognizance of your surrounding. Make a
mental note of all the things within that surrounding. Calculate how much
those things cost you. Remember from whom and where you purchased the products.
In purchasing those products did you enhance or deter the creation of Black
If you had to do it all over again, how would you change what you did
earlier? The Mercedes-Benz or Lexus or Jaguar you have parked outside. Where did
you get it from? What exactly did the purchase of such a luxury car do for
you? If it was a necessary purchase, would it have served your interest and the
interest of the community better if you had checked throughout the country to
find out which Black automobile dealerships carried the brand. Was it
necessary to have purchased a brand from a company which has consistently shown
disrespect and insult to you and your community? If you answered no, then you have
it within your power to change things around next time you have to make such a
purchase or any purchase at all.
Whether it is a dollar purchase or a million dollar purchase, the thought
process must be focused on maximizing the interest of the community. We must
assess every option. The re-education of our people is the first step in the
Capitalist Nigger's arsenal to begin to reclaim and rebuild a State of Black
Economy. We must start individually, conquer the urge for frivolous purchasing
without first applying the litmus test.