Hardcover: 288 pages
Publisher: Powernomics Corp of Amer; 1st edition (February 2001)
Language: English
ISBN-10: 0966170229
ISBN-13: 978-0966170221
Product Dimensions: 1 x 6.2 x 9.2 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Average Customer Review: 4.7 out of 5 stars See all reviews (88 customer reviews)
Best Sellers Rank: #11,175 in Books (See Top 100 in Books) #1 in Books > Business & Money > Economics > Urban & Regional #14 in Books > Business & Money > Economics > Development & Growth #158 in Books > Politics & Social Sciences > Social Sciences > Specific Demographics
The thing that strikes me most regarding Powernomics by Dr. Anderson is his insight into politics, of which he played a integral role,is one often not expressed to the Black constituency. His basic premise for much of the book is: 1)Pool Black resources; allow the Black dollar to "bounce" a number of times in the Black community before it exits. He uses other ethnic groups that don't by from Black businesses nor hire Black employees as an example of how they pool retain the power of their money.2)The original intent of Affirmative action programs were initiated to undo the social/economic inequalities created by chattel slavery; creating a permanent underclass. After the various programs were introduce, other "minorities" who have not received the structural inequalities to the extent of African americans, and who were considered white when immigrating to the US edged out the AA and monies. This effectively put them on the bottom of receiving programs that were initially intended for them.3)African Americans/Blacks must look out for Blacks and not be afraid to requires quid pro quo of politicians for their vote like every other constituency except according to Anderson, Blacks; they are just happy to vote.4)Refuse to treat any other group better than they treat you as a group.I agree with Dr. Anderson on most things, but a few things to mention where I think he missed it in Powernomics. 1)His critique of Booker T Washington, seems misplaced. Washington, advocated for exactly what Powernomics proclaims; entrepreneurship and economic development. He was Garvey's mentor, though not directly, inspiring him to come to the US. The historical Booker T. would have been better than the gossip Booker T. of what people thought of him.
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