The Myth of Black Capitalism | Hutchinson Earl Ofari | Twarda

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pbDeciphersbb the history of Black capitalist rhetoric-- and how it serves tobb enrich a minuscule few at the expense of the manyb pIn his 1970 book iThe Myth of Black Capitalismi, 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

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