Keep reposting it. Ive explained myself.
Enjoy your e-rivalry.
Do you have anything to contribute to the thread?
Black People And Capitalism DON'T Mix
- Thread starter Medicate
- Start date
Keep reposting it. Ive explained myself.
Enjoy your e-rivalry.
Do you have anything to contribute to the thread?
So what have you read, Apu? :itdoesntmatter:I'm sure with your 24 hour web surfing you have LOTS of time to "casually read" on economics :oJdidit:
Don't you have a blog post on "intersectionality" to do?
Be unpaid to do your research, brehs
Don't you have a blog post on "intersectionality" to do?
Be unpaid to do your research, brehs
Oh so again, you get asked about what you "do" or "read" and you can't answer
How surprising :babyhaha:U have been debating brehs calling for absolute -ism (capitalism, socialism) all thread, stop it
Balance is key tho. Take the best of all systems and combine it into something that works. Black people def dont capitalize on opportunities... partially due to the powers that be, but mostly due to our choices
Oh so again, you get asked about what you "do" or "read" and you can't answer
Economist
Bloomberg Businessweek (And podcasts regularly)
WSJ (listen to the podcast on 1.5x daily)
FT (Free subscription
) Seeking Alpha (oddly...another subscription
)Have friends in the industry with stock tips (You should see my trading acct
)Various books I pick up over the years and audiobooks on certain perspectives (Dambisa Moyo might be up your alley since we're talking african finance...her perspective on foreign aid and her connection to the world bank [or IMF, i forget
] itself seems to be of relevance here)Ass load of blogs (I'll send you the HTML file...its got about 100 links)
aaaaaaaaagain read my posts in this thread. You're just reaching now and being ridiculously dense as I've done no such thing.
Me and @Poitier called for dudes to understand how mixed economies work
Capitalism works...really well. There are certain restrictions (nor have I ever called for a lack of regulation) but to go all the way left, literally, in favor of socialism is a fundamental error in understanding the system.
Dudes get fed up with white supremacy then all of a sudden think central planning is "the answer"
History is NOT the strong point of many people in here.
Economist
Bloomberg Businessweek (And podcasts regularly)
WSJ (listen to the podcast on 1.5x daily)
FT (Free subscription
Seeking Alpha (oddly...another subscription
Have friends in the industry with stock tips (You should see my trading acct
Various books I pick up over the years and audiobooks on certain perspectives (Dambisa Moyo might be up your alley since we're talking african finance...her perspective on foreign aid and her connection to the world bank [or IMF, i forget
Ass load of blogs (I'll send you the HTML file...its got about 100 links)
So based off these capitalist driven periodicals that you waste money subscribing to and your so called "books over the years," you developed your enthusiasm of capitalism? So tell me this, Mr. avid reader of so many periodicals: do you not see neoliberal modes of production diminishing an already diminished labor force and reducing wages to subproletariat numbers? Not to mention the ridiculous backwardness of capitalist driven healthcare proccesses that place the majority of Americans in debt. What do your "books" and capitalist driven magazines say to those obvious historical and contemporary trends? or is it because you are not in the particular racial class that is most affected by this, you simply don't care? You can be honest because at this point, you have ZERO credibility on this site, so have at it.
Edit: And no rants please. Just answer the questions.
You're already sounding like Corny West...and its not good for your brand.
Straight up. Cornel isn't someone I'd be trying to emulate at this point in his career. 
Uhhhh sure. Yeah. Globalism has hurt the domestic labor force and I think the last 20 years has especially showed us the need to repatriate those efforts but its hard to slow that boat and turn the ship around...if even veer its course. I personally like what Obama is trying to do with the Economic Patriotism movement.
And sub-proleteriat? Dude you GOTTA step outside more...cause this corny pseudorevolutionary language won't get you any respect because it just makes you sound like a freshman econ student. I'm dead ass serious here.
First of all...yes. Wages have seemed to stagnate and its nothing something i'm particularly happy about, but thats a result of a lack of new regulation to enter the market...thats not a flaw of capitalism (which the US nor any country truly has)
Capitalism isn't practiced anywhere in the world. So lets get that straight. I'm not entirely and thoroughly happy with how the US is currently doing, but to say its the worst ever...nah. Not even. Its improving and I look towards the future where we can say we've improved some obvious flaws
However we need to make this clear:
The USA's economy comes first to me. I live here. So when you talk about globalism hurting everyone, I need you to be more specific...because capitalism won't lead to fair results. Its not supposed to...nor do I want it to. So you need to clarify if you're representing yourself as a member of the US, or as some vague and airy representative of "humanity"
And we've just had the biggest reform to it in the last 50 years...with the potential for an even greater one towards a universal system.
Mind you, socialist systems have their flaws too. Speak to any Canadian. ...but again, this isn't a flaw of capitalism in my eyes. This is a problem with regulation...which are measures present in ALL "capitalist" societies.
I veer liberal on domestic economics so yeah, i don't like the trend, but the problem is regulation (and its enforcement and reform)...not capitalism.
You're a social scientist yet you believe all black people adopt the same views?
blah blah black people aren't a monolith blah blah
What happened to that?
and yeah...i'm affected by it...but I'm personally focusing on improving my lot in the matter. You can't see things outside your ivory tower because all you'll do is attacks flaws instead of developing solutions. Its true. Its how you stay employed and relevant. You and I know this.
Now, do I support the neoliberalism that has effectively ruined certain aspects of the domestic labor market? No. Not at all. Do I support the rampant exploitation of workers and continual efforts to unduly influence politics with money resulting in further economic malaise? No. I don't...
but this isn't a problem with capitalism. None of these are problems with capitalism. These are problems with regulation.
Capitalism inspires creativity, innovation, and failure. Thats the amazing thing. Risk is inherent and we're not all guaranteed equal outcomes...nor should we be.
Capitalism is about equality of access and opportunity. The results are supposed to vary.
I wish you had more of a nuanced argument than vague shyt against non-socialized healthcare or superficial comments about neoliberalism that are essentially hard to tackle because I don't know what point you're trying to make.
GLobalism has done a lot of good. But where its failed opens a way for us to reassess how we view ourselves in the greater picture and what we think we deserve out of it.
Edit: And no rants please. Just answer the questions.
OK, Amy Goodman
this thread is a prime example of why socialism was so popular in poor places (Word to the Marshall Plan) and so popular among the oppressed.
Uhhhhh even as much as I'd love to see it, its not going to happen.
You will need to read breh. Your indoctrination is obviously complete, but you can be saved yet.....
On the world stage, its dog eat dog.
Thats why the US does what it wants. Because no one can simply make it NOT do something.
And you know what? I support that notion. It plays into the USA's favor.
Geopolitical dominance is very underrated when you take it for granted.
Theres no Mr Nice Guy or altruism out here. No one is going to give you shyt for free.
Nations exist because people fought and died to create and draw borders...if people don't want those borders they can give them up to EAGER individuals on the sideline willing to take it off their hands. If not, then its on each nation to try and develop its own future.
Lets not forget this...theres 45 million "black" people in the USA
Thats second only to Brazil outside of the African continent.
So all this talk about shytting on Capitailism shows us how uninformed we are by and large about making the shyt work in our favor.
If you're in this country, you're sitting AT LEAST on 2nd base, maybe even on 3rd.
Dudes have to put this shyt in perspective.
What If Black America Were a Country?
The statistics reveal a fragile state within a superpower.
THEODORE R. JOHNSONOCT 14 2014, 8:10 AM ET
Djandywdotcom/Flickr
Update: An earlier version of this post included a chart that compared black America's incarceration rate with those of other countries. The chart incorrectly listed black Americans' incarceration rate in 2010 as 4,347 per 100,000 Americans. In fact, that is the rate for black American men. The rate for black American women is 260 per 100,000 Americans, and the rate for black Americans as a whole is 2,207 per 100,000 Americans. The graphic has been updated.
In a recent debate with a CNN contributor, the conservative radio talk-show host Larry Elder declared that “if black America were a country, it would be the 15th-wealthiest country in the world.” His math proved incorrect, and his invocation of “black America” was followed by a refutation of the concept by a fellow black conservative. Shortly after Elder’s remarks, the Republican strategist Ron Christie argued that there is no such thing as "black America" and, further, that the very notion of it is antithetical “to our national motto of E Pluribus Unum.”
Whether these men know it or not, they are continuing a debate that W.E.B. Du Bois gave voice to 80 years ago in his resignation speech from the NAACP. In a farewell address titled, “A Negro Nation Within a Nation,” Du Bois asserted:
The peculiar position of Negroes in America offers an opportunity. … With the use of their political power, their power as consumers, and their brainpower … Negroes can develop in the United States an economic nation within a nation ...
Though Du Bois eventually took an extreme turn toward communism and emigrated to Ghana, the goal of “fellowship and equality in the United States” remained his burning desire. As for the belief that black America is an immense, multifaceted asset to the United States, his instincts were right: Black Americans boast enormous capital that has been exploited over the course of the nation’s history and has yet to be fairly and fully employed to increase prosperity for all Americans.
This decades-old conversation invites a thought experiment: If black America were a nation-state, how would it stack up against other countries? How would it fare on standard measures of national power and weakness?
Naturally, this exercise presumes a monolithic black America, but this is a standard hazard when comparing large entities using statistical medians and per-capita rates. Another obvious concern is that a sub-national, racial demographic is not equivalent to a sovereign nation. Nearly all the sources of black America’s attributes are grounded in America’s history, economy, geography, and government structures. Still, it is this truism that gives weight to the insight revealed by the following charts: Black America is a fragile stateembedded in the greatest superpower the world has ever known.
In the infographics below, two pictures emerge. The first is of a strong nation with considerable manpower and purchasing power. The second is of a troubled, fragile state suffering from socioeconomic disparities and structural subjugation in ways that degrade life, liberty, and the pursuit of happiness (on some measures, black America resembles countries like Brazil, China, and Russia—emerging powers that are struggling with stark economic inequality). Essentially, what we're witnessing is a nation that is comparable in certain ways to a regional power existing in the state of Disparistan (or, perhaps, Despairistan). This is more than an inconvenient truth; it fundamentally undermines the United States’ greatest contribution to humanity: the American idea.
The statistics tell the story.
Jump to Comments (618)
Thats second only to Brazil outside of the African continent.
So all this talk about shytting on Capitailism shows us how uninformed we are by and large about making the shyt work in our favor.
If you're in this country, you're sitting AT LEAST on 2nd base, maybe even on 3rd.
Dudes have to put this shyt in perspective.
What If Black America Were a Country?
The statistics reveal a fragile state within a superpower.
THEODORE R. JOHNSONOCT 14 2014, 8:10 AM ET
Djandywdotcom/Flickr
Update: An earlier version of this post included a chart that compared black America's incarceration rate with those of other countries. The chart incorrectly listed black Americans' incarceration rate in 2010 as 4,347 per 100,000 Americans. In fact, that is the rate for black American men. The rate for black American women is 260 per 100,000 Americans, and the rate for black Americans as a whole is 2,207 per 100,000 Americans. The graphic has been updated.
In a recent debate with a CNN contributor, the conservative radio talk-show host Larry Elder declared that “if black America were a country, it would be the 15th-wealthiest country in the world.” His math proved incorrect, and his invocation of “black America” was followed by a refutation of the concept by a fellow black conservative. Shortly after Elder’s remarks, the Republican strategist Ron Christie argued that there is no such thing as "black America" and, further, that the very notion of it is antithetical “to our national motto of E Pluribus Unum.”
Whether these men know it or not, they are continuing a debate that W.E.B. Du Bois gave voice to 80 years ago in his resignation speech from the NAACP. In a farewell address titled, “A Negro Nation Within a Nation,” Du Bois asserted:
The peculiar position of Negroes in America offers an opportunity. … With the use of their political power, their power as consumers, and their brainpower … Negroes can develop in the United States an economic nation within a nation ...
Though Du Bois eventually took an extreme turn toward communism and emigrated to Ghana, the goal of “fellowship and equality in the United States” remained his burning desire. As for the belief that black America is an immense, multifaceted asset to the United States, his instincts were right: Black Americans boast enormous capital that has been exploited over the course of the nation’s history and has yet to be fairly and fully employed to increase prosperity for all Americans.
This decades-old conversation invites a thought experiment: If black America were a nation-state, how would it stack up against other countries? How would it fare on standard measures of national power and weakness?
Naturally, this exercise presumes a monolithic black America, but this is a standard hazard when comparing large entities using statistical medians and per-capita rates. Another obvious concern is that a sub-national, racial demographic is not equivalent to a sovereign nation. Nearly all the sources of black America’s attributes are grounded in America’s history, economy, geography, and government structures. Still, it is this truism that gives weight to the insight revealed by the following charts: Black America is a fragile stateembedded in the greatest superpower the world has ever known.
In the infographics below, two pictures emerge. The first is of a strong nation with considerable manpower and purchasing power. The second is of a troubled, fragile state suffering from socioeconomic disparities and structural subjugation in ways that degrade life, liberty, and the pursuit of happiness (on some measures, black America resembles countries like Brazil, China, and Russia—emerging powers that are struggling with stark economic inequality). Essentially, what we're witnessing is a nation that is comparable in certain ways to a regional power existing in the state of Disparistan (or, perhaps, Despairistan). This is more than an inconvenient truth; it fundamentally undermines the United States’ greatest contribution to humanity: the American idea.
The statistics tell the story.
Jump to Comments (618)
JahFocus CS
Get It How You Get It
People are literally risking their lives to leave Mexico for the U.S., too. Is Mexico not capitalist? What about the Dominican Republic and other countries in the region?
Against all odds, Cuba has achieved a higher standard of living than many of its capitalist neighbors in the region. All this, with an embargo and repeated attempts to overthrow the Cuban government.
Tanzania still has low development after the restoration/expansion of capitalism in the 1980s... okay, that's the point. How can you blame socialism for low development when it is still that way under capitalism?
You're going to need to provide some evidence for that claim that African countries don't practice capitalism. I would argue they are some of the most capitalist countries in the world.
People are literally risking their lives to leave Mexico for the U.S., too. Is Mexico not capitalist? What about the Dominican Republic and other countries in the region?
Against all odds, Cuba has achieved a higher standard of living than many of its capitalist neighbors in the region. All this, with an embargo and repeated attempts to overthrow the Cuban government.
Tanzania still has low development after the restoration/expansion of capitalism in the 1980s... okay, that's the point. How can you blame socialism for low development when it is still that way under capitalism?
You're going to need to provide some evidence for that claim that African countries don't practice capitalism. I would argue they are some of the most capitalist countries in the world.
Fam.
I know you want to make a point...but don't lie
They got pro-baseball players making $50/month type of shyt
JahFocus CS
Get It How You Get It
Fam.
I know you want to make a point...but don't lie
They got pro-baseball players making $50/month type of shyt
I'm not lying. No need to lie when I'm right
You can reference the sources yourself: to start, http://www.huffingtonpost.com/salim-lamrani/world-bank-cuba-has-the-b_b_5925864.html (the source is the super-bourgeois World Bank. Are they spouting Marxist propaganda too? ). If you need more sources I'll point you in the right directions.