Upstream20 Jun 2022

The Limitations of Black Capitalism with Francisco Perez

There's a broad conflation within our present day capitalist society between the success of individual members of certain oppressed and marginalized groups and their collective success and liberation. This is particularly true when it comes to Black people and their liberatory struggles. Too often, the successes of individual people — Oprah, or LeBron James, for example — or their rise to certain leadership positions, take Barack Obama — are seen as collective successes, whereas, when it comes to the material conditions of all Black people, these individual successes don't have a significant impact. What are the dangers of this conflation between individual and collective success? Can Black liberation be achieved through individual successes within capitalism — through Black capitalism? And what would it mean to truly build Black wealth in the United States and beyond? In today's Conversation, we've brought on someone to help unpack these questions. Francisco Pérez is the Executive Director of the Center for Popular Economics and author of the recent piece in Nonprofit Quarterly: How Do We Build Black Wealth? Understanding the Limits of Black Capitalism.

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