Practice Togetherness & Create A New Black Wall Street
I promised to inform you of any new business ventures, concepts, products and services that I may encounter. Well, as promised, here’s one for you. But before I get to the juice, I have some heartfelt commentary that I want to get off my chest.
After all the dust settles from unity in protesting and insurgent emotions, how will our new reality look? Will we continue with business as usual, division amongst the black race, inequality, and systemic oppression? Will black people still be redlined, rejected for business loans and other financial opportunities that assists them with progression? Will black people still project individualism and discrimination against their own?
Will black people continue to cast harsh critiques and high expectations on black businesses; you know, the intolerance that we don’t practice with the “other” businesses. Well, we probably criticize other businesses, BUT it doesn’t cease our patronage. Black people, will you continue to look for help from the “good white folks” and reject the ideas or invitation of building with your OWN? Will “their” products, services, and ideas continue to be deemed as superior? And why do I say superior, because some of us will invest money in others before we’ll consider our OWN. Fortunately, it’s not entirely our fault. We’ve been programmed to devalue our worth, and to condemn the ideas that we contrive. It’s the most cunning, strategic, malicious tatic of the oppressor, not surprising. However, our continuous hypnotic state is a disappointment.
My hope is to witness a long-lasting awakening, as a result of 2020’s tragic events. The insight from the awakening will cause black people to realize that establishing togetherness is our priority. We’ll no longer expect handouts and we’ll halt the attempt to change the hearts and minds of others when it comes to exercising inclusion. Fuck them!
Here’s one solution. I recently learned about an organized rotating community savings plan that’s practiced around the world for decades by other ethnic groups. It’s a type of informal savings club arrangement between groups of people, usually family and friends, who take turns receiving a fixed sum of money, within a set amount of time. The sums of money are substantial.
This method is a microfinance option that provides detachment from the confinements of the system. It presents an opportunity to those who don’t meet the eligibility criteria for receiving financial assistance from commercial institutions. This microfinance method is extremely popular and vital in almost every part of the world. West Africa and the Caribbean were the first regions to practice this method, and it’s still practiced in high performance, today.
An organized community savings plan can be a steppingstone for togetherness and building capital to support our businesses, neighborhoods and communities. I read that Hamtramck, Michigan was claimed and purchased by a certain ethnic group with a similar practice. Most of the businesses and homes are owned by this group that organized a community savings plan to build capital, and purchase the area together, independent of banks.
Black people, this is our exit strategy from being marginalize. Our consideration, acceptance and practice of this community savings plan is our way to start businesses, sustain businesses, invest in businesses, redevelop neighborhoods, and build our community…here or elsewhere. No bank loans. Sounds awesome, right?
This system can be our first step towards working together to save ourselves and to build the dream of our people, instead of America’s competitive, individualistic, capitalistic dream.
Drop a comment or send an email if you’re interested in learning more, and I’ll pass along the information.
Peace, Love & Light