In the previous rambling, I mentioned my regeneration knowledge and experience. I also have social and digital inclusion experience. I was managing and supporting projects, which were designed to economically empower and socially include local residents.
The aim of the organisation was from a free market perspective, providing a platform (free internet to access local authority services) then pay for general use of the internet.The local residents, were required to pay for their equipment (laptops and PC). Whereas if this was from a interventionalist perspective the internet and the equiptment would have been paid for, though it would have been processed through a eligibility criteria.
The point is, there is much talk about creating or making the black economies more cohesive, though I think it’s from a free market perspective rather than a interventionalist perspective. I feel it can work in this respect. My concern is whether or not safe guards exist, are business going to be excluded from trading with in that company if they are not ethical. For example what happens if shops sell junk food or fast food and there is more than one in a particular area, will there be safeguards to ensure people are encouraged to look after their health or will market forces decide this.
This argument also considers, whether or not black people will hire our own people or will we not use the extra money to expand our businesses. Do we want to keep costs down and keep it in the family or is there guidance needed for businesses to be encouraged to employ our own people. Is the focus on just getting more black businesses, so there can be more jobs or do we need to support the current businesses and create more if the opportunity arises. There can never be a 100% employment of blacks in black owned businesses but something of over 40% would be a start.
Considering how businesses can be started and maintained. Is a formalised credit union or building society, being discussed and constructed for the black community. Currently there are many black people, who are interested in setting up businesses but are unable to due to being financially exclude as they do not have access to a loan and in some case no bank account which means with little financial capital there is little opportunity to set up a business or to save.
There should have been a wider scale of encouragement of the Pardnor or susu system, where caribbean and African people would put money into a pot with other people take out what they want and pay back in until the money they had taken out was paid in or take money out once the money was saved. The younger generation is not on a wide scale interested or have the knowledge of this as, we were taught to use the mainstream finacial capital and resources rather than keep these ideals which allowed our descendants to buy houses and businesses.