The Black Myths Podcast Myth: Black Capitalism = Sovereignty (Trade and Tariffs)
In this episode, the entire crew is back and we're diving into myth: Black Capitalism = Sovereignty,' which challenges the idea that Black capitalism is the path to true sovereignty. Our discussion pulls from a recent piece written by co-host Too Black, titled “Kids' corner economics: What tariffs teach us about Black capitalism.”
We explore key economic concepts like trade, tariffs, protectionism, and free trade, using real-world examples to show how these forces impact Black businesses within a globalized economy shaped by white supremacy. We focus on the two primary myths of Black capitalist ethos: the 'circulating Black dollar' and 'Black buying power,' arguing that these concepts often misrepresent the economic realities and limitations faced by Black people. Ultimately, this episode prompts us to consider what real sovereignty looks like and how to pursue it beyond the confines of capitalist structures
Kids' corner economics: What tariffs teach us about Black capitalismpatreon.com/blackmyths
Intro - 00:00:00
Monologue - 00:18:13
Trade and Tariffs explained - 00:20:39
Brief history of modern trade and tariffs - 00:46:12
Circulating Black Dollar and Trade - 01:10:22
Black Buying Power and Trade - 01:46:09
Closing Thoughts - 02:00:18