by A. L. Gober Jr.

Ethnic Accounting

In developing and implementing a new economic philosophy for American Freedmen, one is forced to confront several important questions and issues relevant to the economic health and condition of American Freedmen.

What is the total purchasing power of American Freedmen consumers?
What percentage of the American Freedmen’s consumer dollar is spent at businesses owned by his own ethnic group? Breakdown by religion:
- Protestant Freedmen
- Catholic Freedmen
- Muslim Freedmen (Nation of Islam)
- Jewish Freedmen

Wikipedia

What percentage of the American Freedmen’s consumer dollar is spent at businesses owned by outside ethnic groups? Breakdown by ethnicity and religion:
- Protestant whites (of Anglo-Saxon, German and Scandinavian origin)
- Catholic whites (of Irish, French and Southern European origin)
- Jews (of Ashkenazi, a.k.a. European origin)
- Asians (of both East and South Asian origin)
- White / Mestizo Latinos (of Mexican, Central and South American origin)
- Anglophone (non-US) Freedmen (e.g. Canadian, Trinidadian, Jamaican, etc)
- Francophone Freedmen (e.g. Haitian, Guadeloupean, Martinican)
- Hispanophone Freedmen (e.g. Cuban, Dominican, Afro-Mexican, Afro-Colombian)
- Lusophone Freedmen (Afro-Brazilian)
What is the total value of assets held by American Freedmen?
What percentage of Fortune 500 companies have American Freedmen CEOs?
- What percentage have any American Freedmen in the C-Suite?

Many of these questions are unanswerable due to a lack of data or lack of organizational capacity to determine them. This has to change!

I propose the creation of several institutions which can work together and separately to organize American Freedmen capital and labor and negotiate/navigate both the internal contradiction between Freedmen owning-and working-classes, and the external contradiction between American Freedmen’s ethnic interests as a whole and those of outsiders.

These institutions would also coordinate in order to deal with problems that can only be dealt with at an institutional level. They give a sense of legitimacy to our policy proposals while also kick-starting the guiding dynamic to develop ourselves into a proper nation.

Freedmen’s Trust

Funded by: Assets owned by the Trust itself, donations

Institution Type: Charitable Trust

Main responsibilities:

Act as a “family trust” for all Freedmen and their descendants. Help bridge gaps in individual family support that can enable success in education and employment. The kind of services the Trust could provide for Freedmen, if sufficiently capitalized, are as follows:
- Standardized Test preparation
- Textbooks and school supplies
- Resume writing and proofreading
- Industry-specific Networking help
- Certification help
- Business formation help
- Small business lending
- Mortgage lending
- Legacy planning
Act as owner of all business assets and liquid capital to be used for strategic purposes. The main types of assets are:
- Private businesses
- Shares of publicly-traded corporations
- Real estate
- Liquid capital reserves