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Buying Power DOES NOT equal/mean Money!!!! (S4-E5)
Manage episode 310762066 series 3071777
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Season 4 of the Pageturners continues with a highly recommended and much-needed text "Myth and Propaganda of Black Buying Power".
Power, in the phrase buying power, is not what economists consider when assessing the economic health of a group or country. Buying power is not wealth, it cannot be invested at will and used to create more for its investors. Buying power is not stocks, bonds, or land, and is not even real estate, it cannot be built upon, renovated, or flipped. Buying power is not income, it is not earned in exchange for labor and it cannot be spent at will or used to pay one bill versus another. Buying power has its origins in government labor statistics meant to help assess where wages should be set relative to inflation but is now, today, mostly a phrase created and propagated by marketers in an attempt to assist the business community to govern its advertising revenue. Power, in the phrase buying power, strictly means the power consumers have to buy one available product over another. Put another way, power, in the phrase buying power, means only the power to generate wealth for one corporation or another.
This is a season of Pageturners, your host Elgin "Big EL" Bailey, you DO NOT WANT TO MISS!!!
May the pages we read, assist you in being the change we need.
#books #Literacy #Racialliteracy #MOBP
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