Then why is the average median wealth of African Americans expected to decline to zero this century?
Median wealth of black Americans 'will fall to zero by 2053', warns new report | Inequality | The Guardian
Land of opportunity, unless you’re a descendant of exploited slaves under a global capitalist system of cash crops to enrich Southern white planters and white New York bankers - whose descendants are doing better on average than their the slave descendants
Extremely terrible history and terrible even today but there's a reason folks are invading our borders to get to America so much to the point where we have to have political debates about building walls to keep them out. Russia and China don't have those problems because ain't nobody trying to go there.
Folks see the US (a capitalist country) as the land of opportunity because anybody can potentially be successful here.
In Russia, and other commie nations, the only way you're getting wealthy is if the folks in charge handpick you and even then, if they feel they don't like you no more, they coming and yanking out your bed at night and disappearing you and taking your money like they did to the billionaire in China.
Of course the US has issues. All countries do. But this capitalist nation stands heads and shoulders over the most popular communist nations.
Black people's median wealth will not fall to zero by 2053.
Simple truth of the matter is that there is no black ownership. If we had ownership, our wealth would change overnight. Right now we aren't en masse making moves to break into any industry so we're relying on others to employ us. Not to mention the fact that we are a community that purely BUYS.
But our buying power is in the trillions and if black people were our own nation, we would be one of the largest economies overnight.
I can find sources for all this if you need me to. I'm going from sources that I've read in the past since I'm currently eating right now![]()
Russia and China are not communist countries, it's common knowledge among leftists that they don't meet even the bare minimum to be considered so. They use their communist history for nationalistic reasons, same as the US extolling freedom during independence despite slavery being legal.
People immigrate here because the western capitalist history of political and economic interference has made life in their home countries untenable. What would the US look like without this exploitation? You're being too ignorant rn.
"Yeah the history is 'terrible', but look how much we benefit from that terrible history!"
You don't see the hypocrisy here?Our country is great because of capitalism, but they had to subjugate communist nations and entire racial groups for it to get that way? That's why capitalism is superior to communism?
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I am sure capitalism, the American economic system since 1775, will resolve the bolded.![]()
It could. We've had examples of it doing so. You're not American, so you don't know all of our history in this country.
Data collected by your own government refutes your claims.
The irony of this quote although he, above, attempts to lecture us on the history of the Soviet Union despite being an American jingoist
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My dude... I said "Russia" thinking that you understood that I was talking about the communist USSR, which was very much a communist nation - which found no more success than current day Russia, as it COLLAPSED.
And again, folks were not in droves trying to immigrate to the pre-collapse USSR. At all. If anything, they were trying to get away from them communist nutcases.
And they've been immigrating to the US in droves, so much so, that the United States is referred to as a nation of immigrants.
You're laughing cause you're a fool
The simple fact that the US exists but the USSR does not, proves my point. The simple fact that current day Russia only embraces communism, as you said, for "nationalistic reasons", is because they know that communism does not work. They literally rejected communism for capitalism.
This again, proves my point.
The US did not subjugate communist USSR. The US did not subjugate Communist China.
United States Government equipped, trained and transported Kuomintang troops to North China, Central China and Manchuria to wage internecine war. It has equipped and trained 60 divisions for Chiang Kai-shek dictatorial government of which 20 divisions were equipped just on eve of Japanese surrender. United States Navy and Army transported 13 Kuomintang armies, totalling half-million men, for civil war in north.
In January 1982, U.S. President Ronald Reagan approved a Central Intelligence Agency plan to sabotage the economy of the Soviet Union through covert transfers of technology that contained hidden malfunctions, including software that later triggered a huge explosion in a Siberian natural-gas pipeline, according to a new memoir by a Reagan White House official.
You don't know history, you're wrong breh. You literally can't name a communist country or revolutionary movement that was not sabotaged in some way by capitalist nations.
I didn't give a deep account of the USSR. I merely said what everyone knows: It was a purely communist society - and it FAILED. Literally.
Data collected by the US government would actually prove my point as they are forecasting the Black dollar to become weaker.
Why?
Because at moments in our past, our community was economically stronger than it is now. Why? Due to more Black ownership at that time.
You're proving my point... but I don't think you're intelligent enough to know that.![]()
Can you name some things.communists have done a lot of good things fir brehs, both over here and in Africa...cant front
You didn't say "sabotaged" in your original statement. You said "subjugated".
I responded to what YOU said.
Subjugated does not = Sabotaged.
Juelzing![]()