Word: power
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Dates: during 1960-1969
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Independence does not mean isolation. Stokely Carmichael's militant brand of black power has little sway with Williams. "This is a competitive society. We want to be able to cooperate and have an impact on its economic structure.... I don't have any delusions about operating in a vacuum separate from the rest of the economy...
FREEDOM INDUSTRIES currently competes in the supermarket and the electronics business. The Freedom Electronics and Engineering plant employs 33 full time workers, making computer power supplies, and assembling coaxial cable and plastic circuit boards. Opened in October 1968, the plant already has assembly contracts with Digital Equipment Corporation, RCA, and Western Electric, amounting to $800,000 gross sales. Bent on developing the division to the point where it is competitive with similar operations outside the ghetto, Williams predicts that gross sales will double over the next two months...
Building black economic power in the ghetto requires financial backing and know-how. Black business in the past evolved behind the walls of segregation to meet a demand left unfulfilled by business firms operating in the general market (such as undertaking and insurance). Serving a limited market, these businesses provided few positions which could train black youths for business careers...
Black economic power is not the only, nor the final, solution in unraveling the overlapping cause-and-effect ghetto problems of poverty and discrimination. But the relatively untried approach seems to be meeting with a large degree of success in the enthusiastically diverse activities of Freedom Industries...
...COMMITTEE anticipated revived activity following the lean years between Eisenhower and the Gulf of Tonkin. HUAC thrives on domestic fear, just the kind produced by "leftists" picketing for peace in Vietnam of demonstrating for black power. So far, though, the big Red scare has not developed, and the noise from HUAC has been minimal...