Dr. George C. Fraser on Black Economic Empowerment!

African-American consumers spend $1.1 trillion a year. And as a consumer group, if it were a nation, would rank as the 16th wealthiest in the world. As consumers you can check the box. As producers author and speaker Dr. George C. Fraser explains it’s time to unlock the economic and entrepreneurial power of black America. We discuss on β€œNewsmakers.”

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Comment (33)

  1. Quite a Deception:
    The opening statement;…"African Americans spend 1.1 Trillion dollars per year….making them the 16th largest economy in the World ".

    You forgot to mention that 81% of THAT income is from WELFARE payments.

    Black Economic Empowerment + Lowing the Bar, so Dumbass Violent people can play.

  2. Awesome teaching πŸ‘ŠπŸ‘ŠπŸ‘ŠπŸ‘ŠπŸ‘ŠπŸ‘ŠπŸ‘ŠπŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―

  3. As soon as you go on national TV or the internet and put your business and strategies out you become retard by opposition. there are think-tanks always out there to find a way to offset your strategies. You got to have a grassroot think tank to communicate with each other and not advertise it to your open enemy. That is our problem. We like to be in front of a camera telling our business. We doing the old Nixon two step. two steps forward two steps backwards not going anywhere.

  4. With young inspired
    and older minds which remember when we sold our service stations and hundreds of businesses to people who inticed black business owners with suitcases of money and gave up our cash cows for a few thousand of green dollar bills would only depreciate over time because of the cost of daily living expenses. We can ask Grandpa and Grandma how to do what they did in our own neighborhoods and support each other like a people should, WE CAN DO IT AGAIN.!!!! There are more of us now, with new teachers and BRAND NEW ENERGY and with new goals to pass on our new businesses to our children and grandchildren. WE GOT VISION SO LET'S DO IT.!!!!!! Will someone please write us a song that we can sing as we do this. We can call it " LET'S DO THIS".!!!!!!

  5. What he says is true, BUT the govt caused most of those problems therefore the govt should have a role and/or fund the solutions. They stole millions from the Freedman banks. They gave americans grants and low interest loans for homes. Most of white people's wealth was built up through equity just holding the home for decades. Us buying homes now at the height of the market is literally the worst decision we could do. We've gotta get the group smarter first. Gotta pick REAL leaders and not some celebrities. Especially the same ones that did anything for a $ just a few months ago. Now they're rich and above us they wanna help. Nah. Fund some real leaders and sit down. But the govt IS needed in the role of doing anything that has to do with over 40 million people. We cant ignore that.

  6. In 1974 in his last speech, the Honorable Supreme Minister Elijah Muhammad called on African-Americans to stop blaming Caucasians for our problems and unite and do something for self. By no means do we need to go back to segregation, because that was slavery in itself, but as Dr Fraser was mentioning, were doing for self, especially down south. Check the history, we had our own hotels, resorts, beaches, gas stations, etc. The mainstream Black Media, through radio and television is more at fault for not advertising enough to promote entrepreneurship development and opportunities, as well as not promoting enough to advertise our HBCUs STEM programs. On Indian/Pakistani-American media programs you see these things advertised. That's why you see them run gas stations and convenient stores and their children in STEM careers. The real Civil and Human rights are in these areas, we've been doing too much marching.

  7. Everything Dr. Frasier talks about what we should be doing, Black Americans have already done, but we have been sabotaged so many times externally and internally … we end up having to press the restart button over and over again. How do we start the game, and continue to play without being totally wiped out again? We really need an evolving strategy.

  8. how is this so when half of the 13% of population is in jail? gimme a break. blacks will demise on their own- if not by themselves or by themselves alone. blacks’ survival is better when other blacks are not around.

  9. What George is saying is true. But 50% of black children ain't dropping out of school, it's actually about 10%. And black leadership starts in our homes with black parents raising their children properly. And much of the collective black consciousness of the 60's and 70's has dissipated because that generation hasn't passed it down to the next generation. Somewhere between the 70s and 80s it was lost. A large a part of that is due to the crack epidemic of the 80s which has destroyed 2 generations of black families in this country. The 2nd part is the mass incarceration epidemic of the 90s. These 2 things really damaged our community in this country and we are now just beginning to heal that and rebuild from that. But it's much more to be done and George is right it will take about 5 more generations to do this.

  10. One minute in and that's our problem from jump, we consume and don't produce. We gotta unite. I believe in us as a people. Just a few hours less of tv. And stop fighting for and about these white causes, we can do it! I believe in my black people.

  11. Wakanda is the Ultimate Black Wallstreet. This is not a separatist message. But it IS one of group unity and one of owning & controlling and protecting group resources from outside interests. Do what is good toward all people, but especially to those related to you. He who does not take care of is own FIRST, especially those who are members of his own household is the worst of the worst.


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