The New Black Wall Street Market that opened five years ago is closing. Off the wind of 2020 BLM funding and the sudden Black nationalistic discovery of “Black Wall Street” in 2017, it was opened as a symbolic half ass shrine to Black trauma.
btw: “Black Wall Street” (based in Oklahoma’s Greenwood District) was one of hundreds of Black business communities in America, destroyed during the 1920s Red Summer riots, fueled by racist workforce tribalism. [Source]
Hush Chile,
Why did this market concept fail? Well Atlanta in itself has been the new Black wall street. To brand a company within a space already showing Black economic might with the presumption, this “market” would save a place not really needing help was asinine. Atlanta is not under extreme economic racial oppression (like Black people in Arizona or something). So why open a concept, selling the intent as if Atlanta was in some terrible economic duress? Shit was weird.
This “new Black Wall Street” had no index listings of majority Black businesses, no Black procurement system, no crypto coin nothing. Just a trendy name being thrown around. With all the experts within the community, if these women in charge want control over progress, it wouldn’t matter how many great ideas got thrown around, if they refused to listen.
Read – https://www.blackenterprise.com/georgia-new-black-wall-street-market-close/
Atlanta Was Already Black Tho,
To build a “new” Black anything in Atlanta was redundant and felt more like one of those typical Auntie takeover agendas. Seriously to build something in a place that showed the Black community far beyond rebuilding seemed strange.
The entire business concept reeked of Aunties in Charge. The problem with many of the older Black women, they started seeing the success of the younger generation they ironically gate kept within the workforce and wanted a new form of control, the youth or the money the youth makes.
Lets be honest, no one’s pimp hand is stronger than an old Black woman, pocket watching younger Black woman coming into money. When these types see young Black women with potential, then the words “mentor” and “leadership” start being intermingled with Bible verses and trauma bondage.
Attitude Shift
When they see they can’t control the situation, they start acting like the lady that tried to exploit the Temptations before their Motown signing. This would result in bullying, stonewalling, and disappearing revenue from sectors they’ve had full control (School Districts, Small Business groups). At this point, these women gangster a lot of situations because they have the numbers to massively bully the community into dead spaces. But this generation is dying out and unwilling to simply be elders. Their failure to create a sustainable communities beyond their existence, requires constant restarting of everything. Their offspring are usually the same ones whining about wanting reparations, while stealing and sabotaging the communities overall, economic trajectory. The need of absolute control with no ability renders any project dead on arrival with no room for adjusting.
Even Jesus Had A Skill
Younger educated workers built a new economy off of a revolutionary concept, they did not know how to do something and decided the wanted to learn beyond a college degree.
As being skilled became more important than being approved by older Black women’s decisions of who was “saved,” enough to deserve anything, these businesses slowly started to gain momentum off of the pure basis of honest trade and listening to the consumer.
Unlike older Black workers, the younger ones learned that building on skillsets became a solid protectant from business shake ups. Essentially if you are truly skilled in your ability, you’d withstand mostly anything, even a pandemic.
As with many unskilled Aunties, simply “trying” was enough to get labeled a go-getter, while not actually knowing how to the job. When the industry started requiring technology knowledge, they sabotaged infrastructure to stay around longer, and ran off younger Black workers who evolved with the times.
Church culture started justifying shady ethics, deflecting from mass fraud and exploitation. As these types started getting fired from jobs that not only required skills but also business discipline, they would continue to confuse the workplace with religious doctrine, thinking they could guilt trip consumers, rather than building trust.
Aunties Never Managed Money, They Just Had It
The failure of The New Black Wall Street is aligned with the failure of most State school facing multi billion dollar deficits. Spent by the Auntie brigades, they used COVID era funds as a personal Affirm account. They spent money they were told was temporary and then played dumb when the bills showed up.
They complained about Trump but didn’t understand the consequences of using 100% TEMU based reseller products. These products would be disrupted during the tarrif shifts towards imported goods, Strait of Horumz fuel surcharges, and the ripple effect of international shipping changes. They championed successes but, at what cost if the revenue was based on controlling these successful companies they felt were put on simply by starting within their “market.” In reality the market was open-face secret society, making money off the backs of Black startups, who are harshly discriminated on even with their own communities.
They were also being out right lazy to not use resources from Southern or Black based product developers. Atlanta and the Carolina’s alone have Black people who make raw materials, so who was running this place? Was it someone from Chicago that moved there, ignoring the current culture? A bunch of fired federal workers? Why weren’t regional subcontracting resources used for cyclical S&D?
Hush Chile,
The whole point about it being a “Black Wall Street” was that the resources wouldn’t solely need foreign suppliers. Everything should have been used from black suppliers within America to validate the concept, so what the hell?
Overall as with most Aunties they were too stubborn to change. So this trendy spot failed. Having seen these scenarios collapse time and time again, it was more than likely a lazy minded group, clashing with a low understanding group, fighting off false accusations from a controlling group, both ignoring the business consultation to make everything work.
Go watch Maxxed out on OWN, that’s why it failed.
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