Author: C. Vann Woodward

Black capitalism is endorsed not only by Roy Innis of CORE but by President Nixon and various corporate interests. It does not cost much, and it leaves ghettos intact. The vast majority of black people, of course, are not capitalists and never will be, and they stand to lose from “buying black.” For black workers to define their problem primarily in terms of race is to ally themselves with white capitalists against white workers. It is the old strategy of Booker Washington in new guise. As Marcus Garvey put it, “The only convenient friend the Negro worker or laborer has in America at the present time is the white capitalist.”