OTL 64: Excerpt #4 “Black Capital In America” Lyrics

Dan Charnas: The saga of black capital in America is a bit of sad one in the sense that it always seems to be a bit too late and when black capital is successful - take Russell, take Jay Z and their multi-hundred million dollar sales of their assets to major corporations - the sad thing is that the benefit of black capital is first and foremost to the black capitalists and not to the community. So it's something that perhaps the community can be proud of, but that wealth doesn't continue to benefit - and never really did benefit - the community. So it is a question that is for the ages and is still unanswered, but it is very important, because all of us now in this internet economy, this cyber economy, need to find some solid ground, because the middle class is really in jeopardy because of it

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Genius Annotation

Black artists and businesspeople may be getting rich, but what, if any, trickle-down effects does it have? Dan Charnas, author of The Big Payback, tells us the deal

Check our whole interview with Charnas here

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