“..because you are dealing with a Black people who are inflicted with their own sense of inferiority.”
Maggie Anderson tells us the small story of feeling frustrated about the economic conditions of Black people. She wanted to make a change. And she did. Deciding to take a huge risk with her family, The Andersons decided that for the next year they would only purchase and support Black businesses. What does that look like? How is that even possible? Our Black Year is the record of their results. Her findings are not only ludicrous, but they also shed light to the biggest elephant in the room: Black people lack capital, which correlates to the oppression that we suffer from every day.
It is obvious that when we need to think about the Black dollar, and how much we are suffering from the lack of investing in our own products, businesses, and communities. This book proves that we have a stronghold on spending power, yet we barely own anything. Strange, right? We have the power to keep designer brands and corporations in business, yet we can’t find ways to fund our own businesses properly.
Things like leakage, gentrification, urban planning, impoverished neighborhoods, and domination of other ethnic businesses are all discussed in the book for the plight of economic empowerment.
To sum, a very impactful paragraph slapped me in the face:
“These cold realities – that buying from businesses in Black neighborhoods doesn’t necessarily work, that so few Black-owned establishments have shortcomings—become clear in the early days of The Ebony Experiment. Uncovering the reasons why [the experiment] would take longer.”
Despite a few points of privilege that needed to be checked (in my copy of the book, I definitely marked and scratched a few of her ideas) Maggie’s experience of simply buying Black for an entire year was filled with many emotional, physical, and mental roller coasters.
With dense research and great references, it is clear that Maggie finds herself torn between the facts and her actual opinion. I noticed that many of her personal statements were contradictory towards the facts that she presented about the state of the Black community and the lower class. I think this distinction is also important in understanding how people can disagree with the how’s and why’s of our institutional state of, well, lack.
I won’t give too much of the book away, because I am URGING folks, as usual, to begin to think about their financial future. This book is definitely a great start to begin to get your mind going about the economic state of the Black community.
Gonna leave you guys with one more gem:
“How will history view this generation of African Americans? Will they say that we had it all, that we made headway in corporate America and in the legal and educational arenas, but we earned our individual success and left our neighborhoods for disrespectful outsiders to raid? Will they say that we sold our history, potential, dreams, and destiny in exchange for the comforts of suburban life, shunning our own entrepreneurs and professionals, and treating them with condescension? Did we squander our chances? Fail to deliver on so much promise?”