The following is an excerpt from the book, "Black American Money."
I saw some random "expert" on a "60 Minutes" segment discussing the state of the education system. The man was attempting to argue that more resources won't make a difference in the quality of our schools. He went on to argue that many of the pathetic schools in the inner city are run by blacks, implying that not only do African-Americans not care about their own youth, they are shiftless buffoons when it comes to money management. I've heard similar arguments from members of oppressive groups around the world, as oppressor attitudes are shockingly consistent and universal. A friend of mine from India once explained to me that additional government resources being allocated to create opportunities for "the untouchables" were a waste of time, in large part due to the fact that the people were too lazy to efficiently use these opportunities.Stereotypes against historically oppressed groups are quite common, as the world has been trained to believe that when it comes to managing money, white men are gods and black people are idiots. But when it comes to poor money management, few institutions are worse than the Pentagon which has been known to spend $500 for a toilet seat. They also fail to look to the airline and automobile industries, the ultimate welfare queens of American capitalism. These industries consistently seek government bailouts in the form of tariffs and subsidies. I won't begin to discuss the Financial Crisis of 2008 – 2009, as we saw our entire global financial system artificially inflated and subsequently destroyed by individuals who are not black. Rather, people are usually quick to point to black administrators in inner city schools and historically black colleges and universities as the most wasteful individuals in American education and industry.