In the End
It got him too. Not that he thought it should have, but the fact that it did is a symbol
of the special strain of racism that is so deeply ingrained in American society. Sure,
racism exist in other places, but the form that can only be practiced in America,
which is aimed at blacks by whites to keep them in “their place” is in a league all of
I’ve come to think that dominant white exceptionalism perfects its abstract schemes
and methods on Blacks before exporting them as American economic and finance
game theories practiced on the rest of the world; that the motivation for such
innovations continue to be generational race challenges right here at home. The
Intellectual Property of 17 th century Barbados adopted in the State of South Carolina
was Slave Codes codified into the Rules of Law that were uniformly spread across
the South from the former British colony as Best Practices for restraining the
physical and controlling the psychological properties of vulnerable groups of people
identified as Black. This easy identity allowed slavery in America to evolve out of a
laboratory of captive experimentation. The experiment did not end with the change
from physical slavery; debt has always been known as slavery in abstract form.
The efficiency wages and financial system bailouts theories of modern economist
put in action to free people from debt servitude are realizations of the ancient
jubilees of Rome today. While many whites of entitlement and a few blacks of
privilege benefit directly from this modern form of jubilee, more upper, middle and
lower class blacks than whites do not for plain and simple monetary reasons.
Whether the monetary reason is described as money, currency, credit, capital,
finance or economics does not really matter. All of these identities fit into the
formula of general White control and specific Black denial.
The very few privileged blacks lucky enough to find themselves on the dominant
side of the monetary divide are always reminded that when American justice of any
kind is served, talent is an inferior distinction for being black and not white. The
proposed solutions to any race problems are always addressed with the same
hammer-Domestic Politics. Maybe we don’t need to be having another conversation
about race; maybe we should change the conversation about race-Global Monetary
Bloomberg magazine recently featured President Obama in an interview about his
work life after leaving Office. He said his plan is to become a venture capitalist. If
true, my immediate thought was what form this aspiration might take? He is no
former Treasury Secretary Timothy Geithner or former Federal Reserve Chairman
Ben Bernanke; but nor is Hilary Clinton. Being a fairly young man, would he pursue
entrepreneurship, or like others, move through the revolving door between D.C. and
Wall Street by signing on as a partner or adviser with an established shop? How will
he win investor awards for business in the Dred Scott environment of institutional
money management? Will he work the minority angle-investor conferences to get
the illusive set aside? If not, if so-and why? Either answer is the abstract monetary
reason for continuing black slavery-plain and simple.