ERIC Number: ED126216
Record Type: RIE
Publication Date: 1975-Mar-27
Reference Count: 0
The Black Family in American Economy: Black Capitalism.
Ezeocha, Peter A.
Black capitalism that is well planned and run is a source of enumerable benefits to the American society in general and to blacks in particular. It generates opportunities for blacks to perform in occupations which for many years were closed to them. For hundreds of years blacks have been despised and often looked down upon on account of the fact that in the main they possess no property; most of them are poor amidst plenty. It is argued here that through black capitalism, all these anomalous treatments could be combated and alleviated. Since the rebirth of black business enterprises, black racial has reappeared because now some better opportunities exist for blacks. Blacks of the modern era are seen in high government offices, mercantile industries, institutions of higher learning, and private endeavors. The pace of black capitalism has been slow in realizing its goal of a total economic upgrading of the black community which requires the ownership and control of new capital and business opportunity by people within the black ghetto, but it has made some significant achievements. It is concluded that black capitalism is gradually generating new vitality in the black-ghetto inner cities. (Author/JM)
Descriptors: Black Achievement, Black Businesses, Black Community, Black Employment, Black History, Black Influences, Business Responsibility, Capitalism, Economic Development, Economic Factors, Economic Opportunities, Employment Opportunities, Financial Support, Social Structure, United States History
Publication Type: Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Note: Paper presented at the Pan African Studies Conference (Louisville, Kentucky, March 27, 1975)