The “Buy Black” Movement: Divisive or a Boon to Black Entrepreneurs?
The Buy Black movement has triggered a series of intense debates in the black community and the wider America. Activists proposed this project as an opportunity to generate wealth for black Americans by supporting black entrepreneurs. On the downside, others say that this agenda perpetuates an insidious form of tribalism. Are criticisms of the Buy Black movement an accurate description of its goals?
Sociologists argue that minority groups often pursue ethnic entrepreneurship as a lever for social mobility. Throughout history, talented minorities have cultivated niche markets to acquire wealth and status. Venturing into unknown terrains was once a proven strategy for minorities to escape discrimination and to thrive. The emergence of such business districts enabled minority-owned establishments to flourish.
Jewish creators, for example, transitioned into the movie business because they were precluded from employment in other elite entertainment. In this context, Buy Black is not a reversion to racism but rather an opportunity to nurture spaces for black entrepreneurship. Quite reasonably, some activists think that Buy Black is the best tool to empower black entrepreneurs. Prior to desegregation
Article from Mises Wire