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Availability Label | Location | Shelfmark | Availability | Reservations |
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Central Branch | Non 330.917496073 Hut 2023 | Copies Available |
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Title Statement | The myth of Black capitalism / by Earl Ofari Hutchinson. |
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Author | Hutchinson, Earl Ofari |
Publication | New York: Monthly Review Press,[2023]©2023 |
Edition | New edition. |
Extent of Item | 136 pages ; |
ISBN | 9781685900311 (trade paperback) |
Other Number | pr07256570 |
Contents | The origin of the legacy --Black religion and capitalism --Whose capitalism? --Black capitalism's other faces --And what of Africa? |
Bibliography | Includes bibliographical references and index. |
Summary | "In his 1970 book The Myth of Black Capitalism, Earl Ofari Hutchinson laid out a rigorous challenge to the presumption that capitalism, in any shape or form, has the potential to rectify the stark injustices endured by Black people in America. Ofari engaged in a diligent historical review of the participation of African Americans in commercial activity in this capitalist country, demonstrating conclusively that the creation of a class of Black capitalists failed to ameliorate the extreme inequity faced by African Americans. Even "Buy Black" campaigns which aimed to "keep resources in the community," he showed, reinforced a Black bourgeoisie which often enough exploited the Black underclass to increase their own wealth. Whether Black capitalists dared to go up against, or merely tried to find their place amongst, giant monopoly corporations, Ofari argued they would make little substantive progress in the lives of Black people. And whether calls for "Black capitalism" came from within the Black Power movement for Black economic autonomy, or were appropriated by the old-line Black elite, in the end the promotion of the myth of "black capitalism" was a project of the Black elite which solely served the interests of the capitalist managerial class"-- |
Subjects & Genres | |
By Topic | African American businesspeople |
African Americans--Economic conditions | |
Capitalism |