Black Economics -
Black Economics Website was first uploaded in
2005, following the Katrina Hurricane in New Orleans,
USA; and the Race riots in Birmingham, UK of October
Wealth and Poverty, and the general Economic Status
of black people around the world.
can we make a change?
Economics is a focus on economic development within
the African diaspora in the UK, USA and Canada
and other countries. It is our opinion that given
the talent, brain-power and wealth of resources
within the black world, our progress as a race
can be accelerated.
do not subscribe to the concept that we are continually
at the bottom of the pile. Great wealth is not
the preserve of the white man. There are great
things happening around the world in black communities,
and we want to use this site to demonstrate this
and inspire others to attain greater things. Additionally
we want to showcases black businesses, and encourage
all people to support them.
information on this site is useful for any race,
culture or nationality. It's good to be aware
of what is going on in your world.
aims of this website:
To debate the concept of the black pound (or the
black dollar) worth £40 billion in the UK,
$1 trillion in the USA, and many more billions
in Africa, the Caribbean and South America. How
can this black money be leveraged. Everybody wants
it - but who is benefitting most from it?
To showcase good black businesses. Tell the stories
of business owners who understand the concept
of success however it is done, whatever
the commodity or service, and to whomever they
can sell to.
To encourage more black people to start businesses
- where real wealth can be attained. Create a
product or a service, rather than be perpetual
To urge people to be aware of black businesses
around them, and where possible - encourage the
business owner - by becoming customers or clients
of those black businesses.
To showcase top black professionals, who thrive
in the corporate world.
To urge people of means, to invest in black businesses,
even if they will not want to run those business
themselves. Get to know the prospective business
partner until there is trust, and use contacts
and corporate knowledge to accelerate the growth.
To encourage people to work together, in Economic
Empowerment Groups. United people can make a real
improvment in their lives, and their businesses.
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covered on this site include
historical and current analysis of the economical
and social status of the African diaspora;
exploration of economic successes and failures;
of the global economy;
obstacles to development in the black world;
noting the lack of investment in knowledge;
and lack of funds; corruption; crime and exploitation;
the progress (if any) made by black non-governmental
organisations including churches; civil rights
groups, socio-political groups and investment
a black business, organisation or top black professional
to be featured on this site
name of this website was inspired by the book
"Black Economics" by Jawanza Kunjufu
book is a micro and macro-analysis of economic
conditions in the black community which explores:
a) why black people earn only 61 percent of a
white person's income, and this figure is falling
b) why most black people prefer to maintain a
'good job' rather than own and operate their own
c) why African American consumers in the USA only
spend 3 percent of their one trillion dollars
in black businesses.
that 3% was increased to even 20% would that not
make a huge difference to the survival rate of
many black businesses, and raising the economic
status of business owners families?
this website inspire you to make a difference.
We invite you to visit this site often. Read the
articles, and support the businesses listed.
from persons of any nationality or group are welcomed.
Why not support and invest in black people who
require funds to start a business, or expand existing
business is set up as a Company and a Social Enterprise.
maintenance is dependent on Advertisers or Donations.
The shop sells useful information
and products, so a purchase is helpful to us.
Black businesses are listed on the site for free.
However, we would like to encourage businesses to
get more out of being listed, by paying for a
premium listing to be featured prominently around
the site, and this in turn helps that business get
more attention, and hence more business.
Its a global world. We do encourage black businesses
to ensure their business is mainstream, and patronised
by all nationalities. White, Hispanic and Asian
money is just as important as black money.
all nationalities are invited to support these
businesses. Commerce should be colour blind.
about this Site
Feb 28, 2012
Hi, overall, I think is the website is well organised,
informative for the readers. The subscription at the
bottom of the website is also a good idea for those
who interested in getting news from this site. However,
I think you should make the tabs more visible to readers.
Shamrock1961: Feb 26, 2012
Very interesting and informative website. As someone
with an MBA I think this site is on a good track for
information. I would recommend that you keep your eyes
open for updated information from more sources like
universities and colleges from around the world. I saw
this as global business information site for black people
in business. Good concepts! Keep up the good work and
good luck. This is a challenging site to keep going
I am sure.