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Economics Archives - Institute of the Black World 21st Century

Minority Cannabis Business Association

MCBA Releases Model Municipal Social Equity Ordinance for Nationwide Adoption

By | Editors' Choice

Portland OR, March 11th – Members of the Minority Cannabis Business Association (MCBA) unveiled their latest model policy recommendation to lawmakers and cannabis regulators, this time releasing a Model Municipal Social Equity Ordinance to be adopted by local governments throughout the country. The Model Ordinance was drafted by a team of attorneys and drug policy reform advocates from MCBA, the National Cannabis Industry Association (NCIA) and the Drug Policy Alliance (DPA)…

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Abraham Lincoln

One Way to Make Reparations Work

By | Editors' Choice, Reparations

By Noah Smith, Bloomberg — The issue of reparations for African Americans is, of course, full of more moral and historical issues than one column, even by someone with much greater understanding and deeper knowledge than me, could ever resolve. But since the proposal is now being taken seriously, it’s worth thinking about the economics of how it could and should work. The idea of compensating the descendants of American…

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Another Look at W.E.B. Du Bois

By | Editors' Choice

By Heather Gray, Justice Initiative —  Preface I first wrote this article below about W.E.B. DuBois (1868-1963) in 2007 for Counterpunch. It has been slightly edited. I think given the on-going and important discussion in America of economic systems, and more interest in socialism generally, that I would send this out yet again. There is perhaps no one who can explain the dilemma of struggle and economic challenges based on…

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Oil History in Venezuela

Oil History in Venezuela

By | Editors' Choice

Venezuelan Oil Unifying Latin-America By Johannes Alvarez & James Fiorito 2005 Stanford University Introduction Hugo Chavez was named the fourth most influential person of 2005 in the world by Time magazine. Why is the leader of a relatively small country and economy like Venezuela such a powerful influence in the world? Oil has played a vital role in Chavez’s ability to execute his ideas, and is crucial to his countries…

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Buy Black and Bank Black: Movement in the US Gains International Attention

By | Video/Audio | No Comments

Atlanta, GA — The “Buy Black” movement draws the attention of a French news outlet. In this video you’ll hear from Killer Mike (Rapper, Activist), Dr. Boyce Watkins (Author, Economist), and Sharif Abdul Malik (Founder, WeBuyBlack) who withdraws money from Bank of America to deposit into a Black owned bank. This video was originally posted on France24.com, September 27, 2016 Also See:  Newark As Model City National Town Hall…

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Martin Luther King Jr. delivers his famed "I Have Dream" speech from the steps of the Lincoln Memorial, August 28, 1963.

600 Black Legislators Resolved to Push Policies for Economic Justice

By | News & Current Affairs

On King Holiday Commemoration: 600 Black Legislators Resolved to Push Policies for Economic Justice. Resolution considered new win for Black Wealth 2020 By Hazel Trice Edney — It was three years ago that a group of national business leaders launched a movement called Black Wealth 2020 partially based on the economic vision articulated by Dr. Martin Luther King Jr. King said in his final speech on April 3, 1968: “It’s…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

The Government Shutdown and the Collateral Damage

By | Dr. Julianne Malveaux

By Julianne Malveaux — As I write this, our federal government has been shut down for 27 days.  At first, it seemed like a gamesmanship joke, like who was going to blink first.  House Speaker Nancy Pelosi and (CA) Senate Minority Leader Chuck Schumer (NY) didn’t look like they were blinking when 45 said he would “own” the shutdown to get his wall.  He’s not owning it now – he…

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Nov 26th Edition of Vantage Point Radio: Slave Conditions In Sugar Land, A Social Contract for Working People

By | Vantage Point Radio, Video/Audio | No Comments

Topics: Slave Conditions In Sugar Land: The Modern Convict Lease System • A New Social Contract for Jobs and Working People • Preview of New York African Diaspora International Film Festival. Guests: Cathy Albisa (Exec.Dir., National Economic and Social Justice Initiative, New York, NY), Atty. Darryl Scott (Social Justice Advocate, Houston, TX) and Maurice Carney (Exec. Dir., Friends of the Congo, Washington, D.C.)

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Picture courtesy of the Norman B. Leventhal Map Center

£9.2 trillion drained from India during British rule, economist finds

By | Commentaries/Opinions

“The modern capitalist world would not exist without colonialism and the drain,” says Indian economist Utsa Patnaik By Sean Bell, Common Space — BRITAIN impoverished India over the course of its colonial rule by a staggering £9.2 trillion, laying the groundwork for modern international capitalism and holding back present-day India’s ability to escape poverty, a leading Indian economist has claimed. Utsa Patnaik, Professor Emeritus at Jawaharlal Nehru University’s Centre for Economic…

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Tanzanian Farmers Crack the Code for Fighting Land Grab

Tanzanian Farmers Crack the Code for Fighting Land Grab

By | Commentaries/Opinions

They felt like helpless victims for years. Not anymore. By Kizito Makoye, OZY — For nearly a week, Swalehe Nkwale saw unfamiliar surveyors place slabs on parts of Nyamitanga Division land 108 miles south of Dar es Salaam. Then one day, he saw a poster on his own farm declaring that he could no longer grow crops there. It was the start of a decade-long battle against British firm African…

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