Black WEALTH puzzle completion!
"The key to WEALTH is being tied to at least 2 linkages of the main-stream in this order: Real Estate or Trades, (e.g., Construction) and/or E-COMMERCE (e.g., Amazon)" - Dr. J. Owens Smith, (R.I.P.) Author of The Politics of Ethnic and Racial Inequality - A Systematic Comparative Macro-Analysis from the Colonial Period to the Present!
NEWS FLASH: As of passing the Fair Housing Act in 1968, BLACK home ownership was 43.8%. Today BLACK home ownership is 44%. This is directly related to the lack of WEALTH!
Please review the following comments from Dr. J. Owens Smith, Professor of Afro-Ethnic Studies, Political Science and Faculty member Emeritus at California State University Fullerton from 2003 at the Los Angeles Black Business Expo. We trust his thoughts will resonate with your spirit and you will Join BAM.eco NOW! too. Dr. Smith refers to BAM founded in 1998 as the, "MISSING PIECE TO THE PUZZLE FOR BLACKS."
You are now challenging me to move from my comfort zone, i.e., engaging in the art of intellectual masturbation, to putting words into action. This is a habit that most Academicians fall into. We come up with theories, but we very seldom attempt to implement them.
You seem to have developed a breakthrough approach to a process of CAPITAL DEVELOPMENT, which is tapping into the source of where the money is generated for BLACKS. Feel free to replace BLACKS with Non-Profits").
In the past, the approach that has been used to initiate a program of community development for BLACKS has been CAPITAL INFUSION which includes: Donations, Sponsorships and Investing.
These programs have consisted of dumping millions of dollars into the BLACK COMMUNITY with the expectation that it would solve the problems. When the programs fail, Social Scientists have traditionally attempted to blame BLACKS for the failure of these programs. It is not BLACKS who have failed, but the programs themselves were not designed to stimulate community development.
"You seem to have developed a model that will eventually lead to the development of the BLACK COMMUNITY. Your ADVERTISING / INTERNET SHOPPING MALL, (like Amazon) COLLABORATIVE, the use of TECHNOLOGY and the DISRUPTION of the over $167 BILLION dollar per year NETWORK MARKETING industry are the MISSING PIECES TO THE PUZZLE to CAPITAL DEVELOPMENT for the BLACK COMMUNITY." - Dr. J. Owens Smith, (R.I.P.)