(NNPA)—Despite ill-intended efforts to do it for us, Black Americans have a responsibility to define our own reality. It is a fundamental human right recognized and respected by the United Nations. Therefore, it is incumbent upon us to define, without apology, the deadly and debilitating manifestation of racial discrimination and injustice as “economic racism.”
Why are so many Black Americans still mired down in intergenerational poverty, lack of health care, inadequate education, raging unemployment, disproportionate imprisonment, the highest rate of housing foreclosures and housing discrimination, the lowest rate of bank lending and overcall exclusion from access to sustainable wealth generation in every region of the nation?
How is it mathematically possible for Black Americans to spend more than $1.2 trillion annually in the United States, and yet the overwhelming majority of the companies that make huge profits from the annual spending of Black Americans do nothing more than invest far less than 1 percent of their profits back into Black-owned businesses and grassroots organizations throughout the country?
Why does the American economy remain racially segregated in 2015? Why are Black Americans consigned to poverty and economic inequality?
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