EP 904 Black Capitalists Amassing Wealth for the Common Good

To many, the term “Black Capitalists” tips an equation upside down.  Black people were the labor force that built the infrastructure of American capitalism through the violent dictates of legalized slavery, so is it possible in this moment to see Black people as beneficiaries of this system?  And if they are starting to amass capital, what are they doing with it?  According to our guest, Rachel Laryea Ph.D., author “Black Capitalists: A Blueprint for What Is Possible” those who deserve this nomenclature are those who are strategic in using their wealth in order to create social good.  Her book is replete with examples of those who do not take a winner-take-all approach to the accumulation of money.  Our guest says that the term “Black Capitalists” is race agnostic–an invitation for everyone to strive towards social good and monetary profit in their everyday economic transactions. While anyone can participate in a capitalist system with a more equitable and inclusive approach to it, she points out how race profoundly shapes the way people participate in our economy

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