Can Wealthy Black People Finance our Freedom? Compare two 2s.
Can the wealthiest black folks get together and start businesses that employ black people and do a lot to pull up the economic condition of the rest of us?
Well, wealth is relative. Those with more wealth can put you out of business by buying up your companies, taking all your customers by under-pricing you , or buying out your suppliers and/or employees. Even employing economic hit men with bottom lines that exclude no act—if you get my meaning. If they don’t do it, it’s because you are doing nothing that they don’t like…That means they are your boss. So, let’s take a look at the supposed wealth of the wealthiest black people in this part of the world–relative to white folks.
Oprah Winfrey is the wealthiest black person in the U.S.—-by a long shot. Ms. Winfrey has a net worth that is 5 TIMES that of the 2nd wealthiest black person in the United States, Robert Johnson, former owner of BET. Yet, Ms. Winfrey is tied with ten white people for 139th place amongst all persons.
The net worth of the 2nd wealthiest white person, Warren Buffett, is 71 TIMES the net worth of that 2nd wealthiest black person, Robert Johnson. That is, it takes the caches of 71 Robert Johnsons to stack up to the wealth of his white counter-part, Warren Buffett. And, Mr. Johnson’s net worth is less than HALF that of the white person in 397th place. That’s right, our 2nd place does not reach even the level of their 397th place.
All of the ten wealthiest black people in the United States accumulated their wealth in the field of entertainment. None of the top fifty of the wealthiest white folks made their fortune in entertainment. In other words, the money of these black entertainment “moguls” is the spare change of the really wealthy. For example, white billionaires use their spare change or hobby money to own sports franchises that employ/own black millionaires.
The wealthiest black folks have no financial leverage on white folks. We’re going to have to oppose the system of white domination some other way; and, that might include spending the money we’re allowed to have more effectively towards battling this beast. But, we cannot, essentially, buy our way out—with money.
About that Fortune 400 cover—Neither at the time of the cover in 2010 nor at any time since did Jay-Z rank as pitifully high as even Bob Johnson. But, the smartest white folks (racists) wanted to create an impression in us that the wealth of Mr. Carter is in the same league as Mr. Buffett’s. Why? If we thought otherwise, would we be trying to get like Jay-Z? Or, would we be plotting our way out of the glass game preserve that is this system of white domination?
Got 99 problems and White Domination is number 1.
The Big Picture