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The article discusses the concept of Black capitalism and its historical context. It highlights how Richard Nixon used the idea of Black capitalism as a political strategy in the 1968 presidential election. The author, Earl Ofari Hutchinson, initially criticized Black capitalism but acknowledges that the rhetoric and promises of economic empowerment have continued in subsequent administrations. However, the article points out that despite some individual successes, the economic situation for Black Americans has not significantly improved, with high rates of poverty, unemployment, and limited business ownership. The COVID-19 pandemic further exposed the fragility of Black-owned businesses and the challenges they face in accessing financial support. Ultimately, the article argues that Black capitalism remains a myth and that systemic barriers continue to hinder economic progress for Black Americans. [Extracted from the article]

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A week before the nightmarish orgy of looting and burning in Los Angeles in April 1992, I talked with the owner of a mid-sized grocery mart in South Central Los [...]

ONE of the amazing things about elected officials is their superb knack for blotting out unpleasant memories of past financial hard times. And that's certain1y true with the L.A. County [...]

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THE moment that Los Angeles school board members appointed Howard Miller as school district chief executive, a wave of black and Latino community activists and politicians led by the state [...]