"The OneUnited Bank public relations statement began, “A historic partnership has been born between OneUnited Bank, the largest Black owned bank in the country, and #BlackLivesMatter to organize the $1.2 trillion in spending power of Black America” (OneUnited 2016). As already noted, even presidents of banks seem unclear as to the meaning of buying power, certainly of its origins, methods, and, apparently, purpose. If Black-owned media and banking institutions, supported by all manner of political and religious pundits, organizations, academics and activists, misrepresent and popularize the meaning of buying power it stands to reason that newer formations containing younger and more politically inexperienced membership will follow suit. In this instance, it is irrelevant that this effort at banking Black meant generating some revenue for bail payments to help some get out of jail, or to attain some legal assistance. Similarly, it matters little that there is political disagreement over this particular tactic. Most relevant here is how the myth is propagated, goes unquestioned, and is carried across generations and political spectrums."
Ball, Jared A.. The Myth and Propaganda of Black Buying Power (p. 121). Springer International Publishing. Kindle Edition. (0:00) News: Mumia Abu-Jamal, The White Left and Media, China's Communist Party 100th Anniversary, Cuba's COVID Vaccine is Ready, Bill Cosby Liked Spanish Fly, Cryptocurrency Is the Playground of Wall Street Not Revolution (50:03) Karen Hunter, Merhsa Baradaran, and One United Bank's Proposal for Black Banking and Capitalism to Close the Racial Wealth Gap ___________________________________ Jared A. Ball is a father and husband. After that, he is a Professor of Africana and Communication at Morgan State University in Baltimore, MD. and is founder/curator of imixwhatilike.org a multimedia hub of emancipatory journalism and revolutionary beat reporting. Ball is also author of The Myth and Propaganda of Black Buying Power (Palgrave, 2020). More from Dr. Ball and to get a FREE copy of the Myth and Propaganda of Black Buying Power: https://imixwhatilike.org ____________________________________ Follow BPM: JOIN - Click the "JOIN," Subscribe, and Like buttons! WEBSITE - http://www.blackpowermedia.org TWITTER - https://twitter.com/BlackPowerMedi1 INSTAGRAM - http://www.instagram.com/black.power.... FACEBOOK - https://www.facebook.com/Blackpowermedia
