A Problem with Black Economics

Intersection of structural inequalities and financial illiteracy

By Vistra Greenaway-Harvey

1st February 2017



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In the acclaimed words of Marcus Garvey: be Black, buy Black and think Black and all will take care of itself. However today, prospects of a Black economy are bleak, especially where Black people are continually overrepresented in poverty, unemployment, and social housing statistics. Perhaps the failure of the Black Star Line and Garvey’s other ventures are excellent examples of how untrue this simple formula is. Does the manner and frequency in which Black businesses fail to speak to a wider endemic problem? We look at the evidence.

About Author

Vistra Greenaway-Harvey is an academic copywriter and legal researcher. As well as African commentary, she drafts consultations and legal submissions for local councils and Fortune 500 companies.