Do our Inner-City Black Communities suffer from undiscussed economic conditions to which economic answers have not been offered? Are we bound by a new form of Slavery, Economic Slavery!
The Inner-city communities of any city are treated differently than other parts of the city. They are mainly where people with lower incomes live, and smaller businesses exist. Why does this continue to exist and always in the same fashion even when times change?
I believe it is because we use different measurements to assess these locations. We use sociological definitions based on human conditions, not economic measures built around the system of capitalism we have in the United States. Without measurement, which accurately reflects the ability of this market segment to be a contributor to the whole, they will never recover or grow.
Think about this.
Economic Slavery is the widely accepted norm within this world. It has become such a part of who we are and how we live that we don’t even notice that such acts occur. Economic Slavery exists on so many levels and is based on the principle of one being having all the resources manipulating and controlling those who have nearly nothing and are scraping, scrounging, and continuously on the look-out for how and where they are going to provide for themselves their Basic Survival Needs, such as food, clothing, housing, health care, transportation, education, etc. Meanwhile, those that have all these requirements met and are in a position to afford luxuries will use what they have, namely MONEY to control and enslave those who have virtually no other choice but to accept any opportunity/offer to acquire money so that they can in the very least, eat food, and manage to keep their heads above water within the current system.
Economic Slavery is represented in the outflow of our current local/money system (Capitalism), Which create an environment with such financial discrepancies where you have a small percentage of the population with all the resources/money/power, where the majority is fighting and finding a way to just provide themselves with their basic survival requirements.
So, “Economic Slavery is a condition of capitalism, and it is not questioned. It is apparently a normal outflow of our current system. As long as it works for those with money who are in control, why really ask the basic questions and take the necessary procedures to actually create an environment” It is also a way of describing a situation in which a person’s livelihood depends on wages or a salary, especially when the dependence is total and immediate. It exists at any point when one individual uses their” advantages” to control and enslave another.
This condition is supported by Inflation in the Black community Economic, based upon the price differentials of goods and services within our communities. Terms of community Inflation can be defined as a continual increase in prices for goods, which happens over several months usually. Whenever inflation strikes, the purchasing power of consumers declines, and the ability to purchase goods drops. This means that during a period of Inflation, the $X of money you spend only allows you to buy a smaller portion of what you used to be able to purchase (total share) before Inflation. It can also be deemed as money losing its value over time. The inflation rate varies within our communities based on its relationship with Economic Slave Masters in charge.
The two conditions combined cause Stagflation or recession-inflation within the community, which is a situation in which the inflation rate is high, the economic growth rate slows. Unemployment remains steadily increased, a financial position in which prices of goods and services continually increase, many people do not have jobs, and businesses are not very successful.
I am sure you recognize these statements as accurate in whole or, for the most part.
What can be done?
I suggest the local governments have community economic policies. Policies are designed to be directed at the various local communities and their needs to overcome conditions. Currently, we use a “one Shoe fits All’ type of policy and apply them to band-aids for community improvement.
I am sure our local government and business leaders can assemble a group or singular economic experts. They can devise a systemic approach for local government that will be inclusive of these factors.