Word: businessese
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Dates: during 1960-1969
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The conventional approach of both the black and white communities is simply to arrange to let black entrepreneurs buy these businesses now. This is, of course, very much in the ordinary business tradition, and will probably occur.
The difficulty with the conventional approach, again, is that it passes up a tremendous opportunity for innovation. Once businesses are handed to black entrepreneurs, they, of course, will begin to pocket the profits made from doing business in the community. This is all well and good from the conventional standpoint...
There is no reason--save fear of the unconventional--that the businesses could not be owned by the community--through its Neighborhood Corporation--partly as cooperatives, partly as corporations. The profits could then be plowed back into such community srevices as day-care centers, teenage centers, training programs, etc.
The community itself, in short, could provide its own anti-poverty or development fund--if the community as a whole owned its own businesses, or at least some of them.
Thus the Neighborhood Service Corporation, on the model of Columbus, would also own neighborhood businesses. Again, one man, one vote.