Replies

Peace Be With You, Brother:

Your point about stock and stockholders is a good one.
Who is the controlling interest, or who are the controlling interests in any, for example, of our Auto makers?
What does it take to make an automobile? Where do the raw materials come from? Who processes them into useable components? Just a thought.

What happened when Chrysler was going under? Did the 'controlling interests' ask the stock holders what they, as an 'organization' should do, or was a board meeting held, and Lee Iacocca brought in? Who sat on that board?
What happens if the stock goes down? Am I still an "owner" or do I lose my investment?

"Isn't is self-defeating".......
Self defeating, no. Remember the Yugo? wasn't very good, didn't last very long in America. But a country that wasn't very rich or very well organized produced, marketed, and exported a car.
Look at the continent of Africa. The continent with all of the natural resources (mined and exported to other nations)to
manufacture nearly anything. A continent basically locked out of itself. Are all of the governments too disorganized, its engineers too technologically inept to make, market and export, intercontinentaly, some sort of transportation vehicle? Perhaps one already exists that I don't know about? Perhaps there is a body of stock holders there that finance this undertaking.
Once again, the main post suggests that Black kids lag behind white kids in the educative process. Posts suggest that Black culture dosen't revere education. I suggest that this idea is hogwash.
Remember, a "capitalist" economy NEEDS producers and consumers. I maintain that whites want to keep Blacks right where they are; as consumers.
After all, if I want to be part owner is an auto company, all I have to do is invest (SPEND) a little money. HMMMMMM.

By any means necessary(?)

As Always
"K"

>>>Remember, a "capitalist" economy NEEDS producers and consumers. I maintain that whites want to keep Blacks right where they are; as consumers.
After all, if I want to be part owner is an auto company, all I have to do is invest (SPEND) a little money. HMMMMMM.<<<

Your arguments are self-contradictory.
1) Capitalists want their consumers to be as rich as possible. Then they can sell them more expensive goods and reap higher profits. There is no profit in keeping anyone down.
2) You are saying that buying stock is consuming (spending). You are quite mistaken. It is making a CAPITAL investment whether on a small or large scale. By your logic, guys like billionaire investors like Soros are not capitalists, they are consumers on a vast scale.

>>What happens if my stock goes down? Am I still an "owner" or do I lose my investment?

If the stock goes down, you are stil an owner in the exact proportion you were before. You just still own .1% of of a less valuable company. If the company goes bankrupt, you are still out your money, just as if you owned the whole store. If it makes money, you share the profit or capital increase in that exact same proportion. Thousands of "little guys" made a lot of money when Chrysler's stock rebounded when Iacocca was brought in and saved the company. They were not complaining.

By the way, since you have opened the field to international examples, I can now point out to you many examples of Black-owned airlines.

http://www.bahamasair.com
Kenyan Airlines
Uganda Airlines

You get the idea. I could go on.

P.S. Why do you capitalize "Blacks" and not "whites" in your post?