I don't see why you guys are obsessed with this issue of comparing immigrants to blacks, I think you are missing the point of that comparison
The point of studying immigrants is to get new ideas on how to develop the black economy especially things that they do internally, we don't need to go to bank if we develop our own funding mechanisms a for example, we don't need to lower the level of racism to increase out savings rate etc etc
Nobody is saying racism doesn't exist, but I think mcwhorter makes an excellent point in this video http://www.the-coli.com/3303635-post55.html that when you pursue the notion that ending racism is the foundation of black economic success you are essentially saying that black people will never succeed until this country is perfect, a notion which I think is false
I agree that ending racism isn't the foundation of black success. It shouldn't even be considered when talking about what black people need to do to find success. On the other hand it should be considered when analyzing why so many black people engage in self destructive behavior. Or why some people succeed and others don't.
The comparison of african americans to immigrants is invalid in my opinion because in order to make the comparison you have to stand on a couple fallacies in the first place. First off "poor" people aren't moving here and just automaticaly making a bunch of money. Immigrants who move here poor, and live in poor neighborhoods fall into the same traps as poor Americans. Second the notion that immigrants find wealth by keeping things internal or not needing banks for funding is totaly false. This is the biggest advantage immigrants have, an immigrant is much more likely to be approved for business loans, than a poor American. Also they have a support system back home of people sending them resources, connections, etc. and once they open their businesses they make money because they attract consumers from all races and backgrounds, not just their own.