How often have you heard it said that black Americans don?t support each other economically? It?s a common refrain in conversations around sociopolitical uplift for the black community and many come to the conclusion that blacks just don?t show each other the same kind of financial love that you see in other racial and ethnic groups. Here?s the thing, however: that?s a myth. A new book, Collective Courage: A History of African American Cooperative Economic Thought and Practice, unearths the rich and long history of cooperative economics in the black community.
?In most places I?ve spoken, people think that we didn?t engage in cooperative economics,? says author Jessica Gordon Nembhard, political economist and professor of community justice and social economic development at John Jay College in New York City. ?My challenge was to prove that we did.?
Gordon Nembhard says she assumed she?d spend just a few years researching whatever cooperatives she could dig up. Instead, she was met…
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