Why Black Wealth Barely Exists
When we say black wealth barely exists, we are being generous. Blacks as a group have owned less than one half of one percent of the total wealth of this country from the end of slavery until 2016. With the inherent disadvantages and economic opposition blacks have been able to prosper as a group in pockets of the country. Harlem was an economic hub, Jackson Ward in Virginia, of course Tulsa Oklahoma and a few others. These Black communities were self sustained and maintained by black commerce. Blacks Americans were industrious opening factories and small businesses perfecting crafts right out of slavery.
Forced to work amongst each other and do business with each other, this environment created an atmosphere where a self-sustaining community could be created and prosper. Fast forward ...