Read the essay below. Afterwards,
try to get the best understanding you can of the following questions.
(1) Why should Black Power Economics not concern itself with the
creation of businesses at this time?
(2) Why is it accurate to refer to Black Power Economists
as economic guerillas?
(3) Is the concept of Black Power Economics Units new? Explain.
(4) What do you think about when you hear the phrase revolutionary
investment?
Instead of concerning itself with the creation of businesses,
the second level of Black Power Economics will revolve around
Black Power Economics Units. A Black Power Economics Unit combines
the wealth of the unit with the resources it takes from the status
quo and uses them to help build and promote a Black Power Economics
system. Whereas a business is a narrow activity, Black Power Economics
Units will be multi faceted, self sufficient bodies; they can
carry out business activities but will not be based on them. The
mission of Black Power Economics Units, however, will be to exploit
the wealth of Black Power Economists in a way that provides Black
People with an alternative to capitalism.
Many Africanists and Black Nationalists are quite familiar with
collective work and responsibility, but it has often revolved
around culture in the past. A Black Power Economics Unit makes
use of collective work and responsibility and much more, with
the explicit objective of creating a new political reality. Thus,
a Black Power Economics system is the economic component of a
Black Nation.
A Black Power Economics Unit can be an individual Black Power
Economist or a group of Black Power Economists; and it can exist
in an apartment, a home, a farm, or be free of physical boundaries.
As a result, Black Power Economists who belong to the same Black
Power Economics Unit can be living close together or scattered
throughout a small or enlarged area.
Since Black Power Economists are economic guerillas, Black Power
Economics Units will retain some elements that are difficult to
quantify. But much of the activities of a Black Power Economist
will be familiar ones; some will get income from jobs, some will
act as entrepreneurs, some will only function within the structure
of the Black Power Economics system. All will provide various
sources of wealth (time, labor, resources, know how, etc), all
will avail themselves of the wealth of others in their unit, all
will share their wealth with others in their unit; and all will
work ceaselessly to increase the size, scope and influence of
their Black Power Economics Unit, other Black Power Economics
Units and the Black Power Economics Governing Body.
Each Black Power Economics Unit should grow into a self sufficient
component. In addition to being made up of those who produce income,
there will be those who produce goods and provide services. For
example, some doctors will be Black Power Economists and belong
to Black Power Economics Units. The same will be true for other
professionals and non professionals, from one end of the spectrum
to the other. When acting within the Black Power Economics system,
they will invest their goods, services and other wealth in the
Black Power Economics Unit and system.
Black Power Economists, Black Power Economics Units and the Black
Power Economics Governing Body will become adept at making revolutionary
investments. Those investments will enable a Black Power Economics
system to evolve that will produce, utilize and exploit Black
wealth according to principles that generate the highest yield
for the emerging Black Nation.