Volunteer Financial Slavery: WHY Corporate America LOVES BLACK DOLLARS BUT Take BLACKS For Granted
Barneys has been in the news over allegations of "shop-and-frisk"
African Americans Will Increase Power By Spending Wisely
Consider this as the holiday shopping season begins. Recently in New York, two young Black shoppers were arrested while shopping at the upscale Barneys Clothing Store.
Nineteen year old Trayon Christian was arrested when he purchased a $350 belt, and Kayla Phillips was arrested when she purchased a $2,500 handbag. Spending that much money made them suspect and subjected them both to arrest.
And there are many reports of Black shoppers being followed and detained at the not-so-upscale Macy’s Department Store. In fact “The Miracle On 34th Street” store actually has a detention cell on the premises. Each of these purchases as it turns out, were valid and legal.
Now Black people are actually being arrested for trying to spend too much money. The encounters that Black shoppers experience should have made it clear by now that excessive spending is not the passport to respect that many African Americans thought it would be.
Bling bling, and designer loafers and handbags really do not increase your human value. The fact is that reckless and inappropriate spending only causes the rest of the world to hold Blacks in contempt, while so many other groups build their fortunes with the trillion dollars Blacks recklessly spend annually.
It is not how much you spend that demands respect, it is how well you control your spending that is important. It’s when you refuse to spend that you influence corporate policy makers.
As Claud Anderson points out in the Powernomics plan to empower Black America, a groups ability to compete is determined by it’s internal cohesiveness and working in it’s own self interest. Spending freely outside of the Black community by no means lead to increased respect for African Americans.
It is meaningless to try to impress Whites with how much any given Black individual is eager to spend. Empowering the Black community as a whole remains the essential task. African Americans as a people, will have to take control of our spending in a disciplined and strategic manor and refuse to spend with people who really don’t deserve our dollars.
According to the Nielsen, Black Consumer study released in September 2013, Black consumer spending remains at an all time high, outspending every other ethnic group in every category. At the same time, many American corporations display an alarming disregard for Black Americans.
Recent research says that African Americans eat more fast food than any other race. Additionally the research points out that there are six times as many fast food restaurants in Black neighborhoods as there are in White neighborhoods, and young Blacks remain the primary target for fast food giants like McDonald’s and Burger King.
Perhaps this will offend you: in spite of the $20,000 to $25,000 spent by Blacks on a daily basis in a McDonald’s and Burger King fast food store in the Black community, the burgers being sold to young Blacks are most often a mixture of fat, bone, connective tissue, pink slime, water, and silicone chemicals used in breast implants.
What's more the burgers could be as little as 2% actual meat with sodium and saturated fat levels that have been called dangerously high. If that offends you, take control of your dollars and stop spending so freely with corporations that show such a depraved disregard for Black life.
If Black people are offended by the way they are being treated, Black consumers will have to stop spending so recklessly with those companies that offend.
None of these businesses will close up shop and disappear. Instead they will clean up shop, and make policy adjustments that benefit the Black community, as they will now be compelled to look for ways to get their hands on Black consumer dollars again.
Does Burger King take the Black dollar for granted? Well consider that three years ago Burger King announced that, as of August 2010, it was no longer necessary to actually appeal directly to Black and Hispanic consumers. So in 2011 Burger King fired the Black and Latino advertising agencies and instead gave the advertising accounts previously handled by those agencies to White agencies. African-Americans reportedly spend an estimated $1.1 billion annually at Burger King.
Not only did they give White ad agencies the responsibility of marketing their products to Blacks, Burger King executives reportedly said, now that the shift was being made they would increase the amount of money going to those White agencies by “more than 30 percent.”Classic move, first fire the Blacks, and then pay the Whites even more money to do the same job. Once again African Americans come face to face with the devious hand of entrenched American racism. It will require much more than ostentatious spending to change the political and economic status of Blacks in this society.
Rev. Buster Soaries has described the attitude of Blacks as a state of "financial slavery." Rev. Soaries points out “that the idea that we would be voluntary slaves is offensive to all of our sensibilities, but when we continue to spend what we don't have, charge what we don't need, and borrow more than we can repay, then we must call the problem what it is, slavery.”
To break free from financial slavery, and at the same time force the corporations to be much more responsive to Blacks would be a significant political achievement that would actual begin to reshape the economy in ways that would benefit the Black community overall.
Let's do it!