Quantcast

CLINGMAN: Stop Spending and Start Producing

James Clingman | 7/2/2013, 3 p.m.
James Clingman

In his own inimitable style (If you know him you will understand), Claud Anderson, author of Powernomics and president of the Harvest Institute in Washington, D.C., responded to the article by saying, “Bragging about how much Blacks consume is like a crack addict bragging about how much money he spends to consume crack. It’s the producers and sellers of crack that have the power, not the consuming addict. All the crack addict has is a bad habit that consumes brain tissue and wealth. Like the crack addict, we as a race, simply consume what others produce. We enrich those from whom we purchase…we have enriched every racial, religious, and ethnic group on this earth except ourselves.”

I am sure Claud’s parents told him a hard head makes a soft behind, and he is constantly telling us the same thing, calling for us to wake up and have our dollars start making some sense by putting them to work for us rather than for everybody else.

Ghatt ended her piece by also offering some wise words: “[The Nielsen Report] should be…a call to arms to better educate ourselves on saving and growing money so that it lasts longer than one pay period.”

I continue to say, “Stop the madness, folks.” It’s way past time that we grow up, despite what was done to us in the early years of this country; it’s time we take charge of our own economic empowerment by holding on to more of that $1 trillion a lot longer than we do at present.

This reminds me of a song I heard growing up: “The eagle flies on Friday, and Saturday I go out to play; Sunday I go to church and kneel down on my knees and pray.” Yes, they call it “Stormy Monday.” I wonder why.

Jim Clingman, founder of the Greater Cincinnati African American Chamber of Commerce, is the nation’s most prolific writer on economic empowerment for Black people. He is an adjunct professor at the University of Cincinnati and can be reached through his website blackonomics.com.