So why can't there be another "Black Wallstreet"

[AJaRuleStan]

I made this point earlier itt, but I want to elaborate a bit more on free market and economic process for why Black Wall street is highly unlikely to occur again with an example from history.

Why do you think white racists had to resort to government power to force Jim Crow? If all white ppl in the south didn't want to trade with blacks than you shouldn't need Gov't regulation to force the issue. No, white racist Democrats understood that the free market naturally disincentives private-for-profit business owners to segregate its customers and employees, and if they didn't regulate the market blacks would game economic freedom in a matter of time.

White Southern Business owners may have been racists themselves but they were in business to make a profit -- and you don't make a profit by alienating a chunk of the population. And Private owners of streetcar, bus, and railroad companies in the South lobbied against the Jim Crow laws while these laws were being written, challenged them in the courts after the laws were passed, and then dragged their feet in enforcing those laws after they were upheld by the courts.

(White Democrats also restored to social engineering techniques to amp up the hatred for blacks among whites with the KKK, and telling the south that blacks represented their lost to the north, and Republican party so you should resent them for it, so their Jim crow laws would be easier kept in place.)

 

[Supreme HD]

While that is 100% true, nobody got together to sabotage us into stop supporting our businesses. And I'm not talking about in the 1960's, I'm talking about 2015. I was listening to the radio yesterday and another Black owned bank in Chicago just went under.

We're doing all that shyt to ourselves and we can't put an ounce of that blame on white people. Every day we WILLINGLY swipe our debit/credit card and hand over our dollars to people that don't look like us and obviously don't give a fukk about us.

Even if these rappers/athletes were to open up these businesses, would we support them? Because we sure as hell aren't supporting the ones we have right now.

This, no wonder they scared. If we aren't supporting black businesses now and continue to fukking buy from gucci and versace who don't give a fukk about us, then how the hell are black athletes gonna come together and do shyt.

 

[↓R↑LYB]

This, no wonder they scared. If we aren't supporting black businesses now and continue to fukking buy from gucci and versace who don't give a fukk about us, then how the hell are black athletes gonna come together and do shyt.

Breh you seen the Apple Beats thread? nikkas went from "fukk Tidal, Jay Z already rich I ain't giving that nikka shyt " to "its only 9.99/mo, that's a steal "

 

[el_oh_el]

Breh you seen the Apple Beats thread? nikkas went from "fukk Tidal, Jay Z already rich I ain't giving that nikka shyt " to "its only 9.99/mo, that's a steal "

To be fair, tidal came with this shyt about "paying the artists more" that rubbed some folks, whom dont give a fukk about making the rich richer, the wrong way. Also, Apple music is integrated with the iPhone very well, so its not a stretch to say that it makes it worth it to those users

 

[↓R↑LYB]

To be fair, tidal came with this shyt about "paying the artists more" that rubbed some folks, whom dont give a fukk about making the rich richer, the wrong way. Also, Apple music is integrated with the iPhone very well, so its not a stretch to say that it makes it worth it to those users

Those weren't the reasons given in the Tidal thread though . In the Tidal thread it was "what has Jay Z done for the black community" and they ain't trying to make rich people any richer.

Meanwhile Apple is getting sued left and right for discriminating against black people and is sitting on over 100 billion in cash and nobody in that thread even mentions it.

 

[↓R↑LYB]

Black Wall Street happened in a time when African Americans were forced to start and support their own businesses do to segregation.

That's the thing, nobody FORCED the residents of Tulsa to do anything, they chose to separate themselves. O. W. Gurley (BWS founder) quit his job working for then President Cleveland and set out west to settle land and start a community specifically for black people:

Another African American entrepreneur, J.B. Stradford, arrived in Tulsa in 1899. He believed that black people had a better chance of economic progress if they pooled their resources, worked together and supported each other's businesses. He bought large tracts of real estate in the northeastern part of Tulsa, which he had subdivided and sold exclusively to other African Americans. Gurley and a number of other blacks soon followed suit. Stradford later built the Stradford Hotel on Greenwood, where blacks could enjoy the amenities of the downtown hotels who served only whites. It was said to be the largest black-owned hotel in the United States.[2]

Nobody was forced, it was a choice. Just like in 2015 nobody is forcing us to integrate, we're choosing to do that. You can separate yourself in America and do exactly what they did in Tulsa.

 

[Birnin Zana]

I think the bigger question is not why can't there be a black Wall Street, but rather do black people want one?

The way things are going, I just don't see black people coming together to build up such a thing at a large scale. Maybe at a much smaller scale here and there but that will be a blimp in the radar.

Plus today black people collectively aren't acting like people who want a black Wall Street: rather we seem content with spending our money elsewhere, even if we get disrespected along the way.

A mental shift will be needed first, and although it's never too late, i don't think it's happening anytime soon. People more or less like where they are right now.

 

[K.O.N.Y]

Harlem
Atlanta

 

[↓R↑LYB]

Harlem
Atlanta

Harlem's all but gone breh

 

[K.O.N.Y]

Harlem's all but gone breh

as a new Yorker. I can tell you the whole white gentrification ting is greatly overstated

 

[↓R↑LYB]

as a new Yorker. I can tell you the whole white gentrification ting is greatly overstated

I'm from Brooklyn and while it's not cacs as far as the eye can see, Harlem got hit really hard by gentrification and we both know it fam

 

[PhonZhi]

People were forced to be "woke" back then so a large number of Black people will have to become woke again to create another area like this.

This. Today, we dont even know that a 1st Black WallStreet existed. Thats how "asleep" we are

 

[PhonZhi]

A mental shift will be needed first.

Yep. This is the big picture right here. Our culture tells us to be materialistic and to spend our money frivolously. The concept itself of "supporting each other" is lost upon us. Self-hate is at an all-time high. Our collective mindset is nowhere where it needs to be for something like that to happen again. I do feel a gradual shift tho in light of these recent events.

 

[Big Boss]

I doubt we see another one