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GhostOnTheHalfShell
@GhostOnTheHalfShell@masto.ai  ·  activity timestamp 8 hours ago

@economics_that_works

6 min

Chuck describes the rise of Black Wall Street , despite lacking orthodox factors leading to economic success.

One of the reasons for success is money circulated in the community. When you hear me grouse about large corporations, bleeding communities by exporting money, this is why. Corporate operation in a community is no different what happens to developing countries by global trade

https://youtu.be/xfes30VD-tk

#history

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GhostOnTheHalfShell
@GhostOnTheHalfShell@masto.ai replied  ·  activity timestamp 8 hours ago

@economics_that_works

The other thing he pointed out subsequently is the reason why that neighborhood is now struggling is a fucking freeway.

When you hear me grouse about getting rid of cars, look what the fuck happened to a community that could rebuild itself even after a race massacre.

Cars are economic cancer. Big corporations are economic cancer.

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