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5 Ways We Can Create Alternative Economies Within The Black Community

You have heard these observations made before…

– When the world economy catches a cold, the Black economy catches the flu.
– Around the world, Blacks are the last ones hired and the first ones fired.
– A dollar circulates in Asian communities for up to 28 days, in Jewish communities for nearly 20 days, in white communities for 17 days and in Hispanic communities for 7 days. Yet in the Black community, a dollar circulates for only 6 hours.
– We own less land than any other group on the planet.

And all of the above are true. Even on our own continent. In South Africa for example, Blacks own less than half of all land.

5 Ways We Can Create Alternative Economies Within The Black Community

And because the Black community owns so little, we find ourselves homeless more often than other groups.

5 Ways We Can Create Alternative Economies Within The Black Community

These distressing economic conditions have made us prime targets for all the other weapons of neocolonialism and white supremacy.

In his book Dark Ghetto, Dr. Kenneth B. Clark wrote “The dark ghettos are social, political, educational and above all—economic colonies. Their inhabitants are subject peoples, victims of the greed, cruelty, insensitivity, guilt and fear of their masters.”

The statements above should emphasize to us that the most pressing problem we face in the Black community around the world is an economic problem. The economic effects

A responsible citizenry controls its community. An irresponsible, incapable, or uninformed citizenry becomes a colony. – Asad Malik

But there is a solution to our economic bondage: forming alternative economies within the Black community.


What Is An Alternative Economy?

An alternative economy is an economic structure that is separate from, and operates largely independently of, the traditional economy. These economies are controlled by the members of a small, connected community.

For example, a community that owns its own land and means of production with its own model for growth, employment, and distribution of wealth can protect itself from severe economic downturns that other communities may suffer from.

A Black community that builds an alternative economy can meet the needs of the community by producing goods and services inside of the community. These goods and services can then be exchanged between ourselves and others in exchange for time, money or other goods and services. Wealth remains inside of the community while growth is positively impacted by – without being dependent on – commerce outside of the community.

More importantly, the Black community that controls its economy also controls its political system. Here is how:

Members of alternative economies have the resources and focus to hire, fire, and regulate the behaviors of their state and local government. These local governments tend to pay for its police force using the taxes collected from the citizens of that state or locality and have the power to regulate that police force.

So it is by using our economic power to fund, build, and sustain movements that we can re-gain control our political environment.

Here are 5 wats that we can create alternative economies – step by step – within the Black community.

Will this work? Are alternative economies realistic? Hit the next tab below and read strategies for building Black alternative economies to find out.

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