Title of Course: Economics 101
Black Power Economics: The Building Blocks
Mba Mbulu, Instructor
Copyright 1998 - 2002, 2020 ASET, M. Mbulu All rights to everything on this web site are reserved.
Read the essay below. Afterwards,
try to get the best understanding you can of the following questions.
(1) Why is personal management a key to the development of an
independent Black Power Economic reality?
(2) Do you agree that a family should fall under the category
of "personal management?"
(3) What specific areas have to be managed on personal and national
levels?
(4) Why can't Black People allow existing institutions to manage
the development of a Black Power Economic reality?
(5) At this stage, is personal management really that critical
a responsibility?
Class #4: Management Issues [Audio Version]
Economics is a science; an organized system of activities (some economic systems are more highly organized than others) as opposed to a random series of activities. This will be one of several classes that asks fundamental Economics questions, and answers those questions as simply as possible. The question for this class is, "What is management?"
What is Management?
We must understand Management as at
least two separate but related processes; one Personal and the
other Community/National. At this time, the most important level
of Management in the Black community is personal. The personal
level of Management must take place within each individual who
is concerned about the elevation of Black People, and in as many
households as possible. Management on the Community/National level
is extremely important too, but if enough Black individuals are
not equipped to manage their personal lives in a more Black-centric
manner, Black People will have a very difficult time establishing
an independent Black economic reality on a Community/National
level.
But first things first. Let's find out what management is, and
then proceed into the other areas.
[Economics101][BuyBooks][TheBlackEye]
Management is the systematic recognition of needs and wants, the
systematic recognition of resources, the systematic application
of resources in a manner that will prioritize and address needs
and wants, and the development of resources that will enhance
one's ability to address needs and wants.
On a Personal level, Black individuals must be able to recognize
their needs and distinguish their needs from their wants, recognize
what resources they have that can address those needs, recognize
the needs of the Black Community, recognize what they can contribute
to help address the needs of the Black Community, and determine
what they can do to increase their resources and increase their
contributions to the Black Community. Each Black individual must
manage her/himself with the objective of becoming a human representative
of a new Black Power economic reality. We need individual Blacks
to function as economic institutions to the extent that they become
some of the building blocks needed to develop national Black Power
institutions and a national Black Power economic reality.
Institutions! the reason the development of Community/National
institutions is so important is because they will most effectively
look after the needs and interests of Black People. Institutions
are the keys to a Black Power economic reality. But institutions
do not develop all at once; they mature over a period of time.
While they mature, Black individuals must bear the burden and
carry the torch.
Black individuals must be willing to attend to new Black Power
institutions in the same manner they attend to a much loved baby.
We can't force Black economic institutions to function on a high
level sooner than they are capable of doing so. However, We must
continue to feed them, nourish them, groom them, mold and remold
them, encourage them and protect them until they develop into
what We need them to be. What they do and look like in the beginning
will not be what they do and look like after they have matured.
We have to keep that in mind.