Op-Ed

Blackonomics: We’ve Had Enough of Poor Leadership

Published

11 years ago

February 2, 2015

By James Clingman
NNPA Columnist

How many times, especially during or just after a tragedy like the killing of Eric Garner, have you heard one of our “leaders” angrily say, “Enough is enough”? They say it as if their angry rhetoric will scare the perpetrators and make them stop mistreating us. More importantly, I believe, they use these words to stir up Black folks to the point of being willing to follow them and do whatever they tell us to do. To that I say, “Enough is enough!”

The way we have digressed over the past few decades make it pretty clear that our toothless tiger leaders, our “big dog” organizations, and the shallow and often meaningless gestures by our celebrities and athletes have not taken us very far. We have failed to move beyond threatening rhetoric, empty promises, and no-win compromises; and we are being sold out by those who would have us believe they are leading us to victory.

They stand behind the microphones on stages, at press conferences, in pulpits, under the rubric of “Black Leader” or “Black Spokesperson,” shouting and getting the troops “fired up and ready to go” with no roadmap, no plan, no end game, and no real strategy to accomplish our end. Then, they disappear until the next crisis comes along, and we jump on their wheel-less bandwagon once again. They shout, “Enough is enough!” and we say “Yeah!” “That’s right!” and “You tell ‘em!”

It’s time we hold ourselves accountable for the declaration, “Enough is enough.” Do we need to be slapped just a little bit harder upside our heads for us to act more appropriately in response to our mistreatment and the myriad complaints we have lodged? Do we need one more person killed, even before we have resolved Eric Garner’s homicide? Do we need just one more march on Washington, in New York City, and now in Cleveland, before we truly mean “enough is enough?”

Just to shout out some tired phrases and walk away as if we accomplished something pragmatic is insulting and, quite frankly, cowardly. Bombastic rhetoric not followed by appropriate action is nothing but hot air and a waste of time and resources. Maybe that’s why many young people are so turned off by what they see and hear from “leaders.”

How are we going to make a real difference in the way we are treated if we don’t first change the way we respond to it? When we change our behavior, the perpetrators’ behavior will change. But right now we are so predictable, so shallow, and so vulnerable to “Rapolutionaries” and “Maach leaders.” We are willing to walk 130 miles because we think it will change what happened in Ferguson. We are willing to drive, fly, or ride a bus to Washington to “maach,” while along the way we spend thousands of dollars to get there, stay there, and eat there, only to leave no better off than we were before we left home.

Is enough really enough? I don’t think so. So what should we do to change our situation and gain a few victories along the way? Here’s one answer: Bob Law and a group of activists in New York City have put out a call for a period of redirecting Black dollars away from businesses that earn tremendous profits from Black consumers. They are calling it, “No Justice, No Profit.”

In response to what he calls “a blatant disregard and depraved indifference to Black life by many corporations,” Law wrote, “The Black community not only suffers at the hands of the police, [we] are the primary victims of the institutionalized racism that places the entire Black community in an economic and political choke hold.”

He went on to say, “One of the most effective ways to demand justice is to turn our consumer spending into real power and begin to target and control our spending. Let’s make where we spend our dollars a political decision. Let’s become Conscious Consumers.”

Bob Law has no soapbox, no pulpit, and no news conference with media that turn on his every word. His call, and it should be your call, says loudly and clearly that enough is truly enough, and here is what we are going to do to show we mean it this time. So what’s it going to be, New Yorkers? Another march, or some real economic and political action?

The other answer is the One Million Conscious Black Voters and Contributors. It is not merely a political effort; it is a major economic movement. If you want to see and be a part of a monumental effort and a positive solution that no one else is offering to Black people, you should join. But remember, the key word is “Conscious.” Send email to: iamoneofthemillion@gmail.com.

James Clingman, founder of the Greater Cincinnati African American Chamber of Commerce, is the nation’s most prolific writer on economic empowerment for Black people. He is an adjunct professor at the University of Cincinnati and can be reached through his Web site, Blackonomics.com.

###

Oakland Post

Posts by Oakland Post

Up Next

LBJ Doesn’t Deserve Credit for Selma

Don't Miss

Nigeria at a Crossroad

Oakland Post

Click to comment

Advice

Financial Wellness and Mental Health: Managing Money Stress in College 

While everyone’s financial situation is unique, several common sources of stress have the potential to strain your financial health. These include financial and economic uncertainty, existing debts, unexpected expenses, and mental or physical health changes. Financial stress may differ from situation to situation, but understanding the factors contributing to yours may help you begin to craft a plan for your unique circumstances.

Published

2 weeks ago

March 17, 2026

Oakland Post

Oakland Post

Posts by Oakland Post

Advice

Women & Wealth: Tips for Navigating Your Lifelong Financial Journey

Published

2 weeks ago

March 15, 2026

Oakland Post

Sponsored by J.P. Morgan Wealth Management

We are in the midst of a seismic shift in wealth. This phenomenon, often referred to as the “Great Wealth Transfer,” describes the unprecedented movement of assets from the Baby Boomer generation to their heirs – an estimated $105 trillion by 2048. And women are poised to inherit most of this.

J.P. Morgan Wealth Management’s 2025 Investor Study found that women are not only set to receive significant wealth – they’re actively working to build it on their own. Ninety-three percent of women surveyed who are expecting an inheritance aren’t relying on it to reach their goals.

Here are a few tips for women to consider in their wealth-building journey:

Create a financial roadmap

A detailed, well thought out plan is important. J.P. Morgan’s study found that 90% of those surveyed with a plan feel confident about reaching their financial goals, compared to 49% without one.

Your plan should reflect your unique goals, priorities and circumstances. Consider your investment horizon and risk tolerance, and remember to revisit your plan regularly as life evolves.

Are you saving up for goals like buying a house, sending your kids off to college or retiring early? Where do you want to be in the next five, ten or twenty years? Everyone’s financial situation is unique, so it’s important to think about these questions and build a plan that is unique to your life.

Women tend to live longer than men on average. Many take career breaks or care for family members, which can influence long-term planning. It’s important to adjust your strategy with these factors in mind.

Where to start with investing

Don’t let misconceptions hold you back. Starting to invest doesn’t require a large sum, and beginning early can be beneficial. The earlier you start, the more time your money has to potentially grow over the years. Understand your overall financial situation, set clear goals and develop a long-term plan.

It’s important to also make sure you’re covered for unexpected expenses that come up before you start to invest. Build up a cash emergency fund, typically enough to cover three to six months of expenses, and pay down any high-interest debt.

Taking charge of your finances

The good news is that women are taking charge of their finances. J.P. Morgan’s research found that 75% of women respondents make financial decisions with their partner or take the lead themselves. For those who have a spouse or partner, it’s important for each person in the relationship to play an active role in the process.

Building wealth can be empowering for many women. The same survey found that 73% of women respondents said money gives them “security,” while 64% of Gen Z and Millennial women associated it with “freedom.”

The power of having a team

Some people find it helpful to work with a financial advisor, so you don’t have to tackle things alone. An advisor can help you craft a plan tailored to your needs and keep you on track throughout your lifelong financial journey. If you expect to receive an inheritance, you should also consult with estate planning and tax professionals.

No matter where you are on your wealth-building path, education is key. It’s so important to be an informed investor, and there are plenty of resources out there to help. You can find a library of free educational resources at chase.com/theknow.

As the landscape of wealth continues to evolve, women have a unique opportunity to shape their financial futures and those of generations to come. By staying informed and planning ahead, women have the tools to help them confidently navigate the Great Wealth Transfer and set themselves up for financial freedom.

The views, opinions, estimates and strategies expressed herein constitutes the author’s judgment based on current market conditions and are subject to change without notice, and may differ from those expressed by other areas of J.P. Morgan. This information in no way constitutes J.P. Morgan Research and should not be treated as such. You should carefully consider your needs and objectives before making any decisions. For additional guidance on how this information should be applied to your situation, you should consult your advisor.  

JPMorgan Chase & Co., its affiliates, and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transaction.  

Oakland Post

Posts by Oakland Post

Advice

Rising Optimism Among Small And Middle Market Business Leaders Suggests Growth for California

“Business leaders across the Pacific region continue to demonstrate a unique blend of resilience and forward-thinking, even in the face of ongoing economic uncertainty,” said Brennon Crist, Managing Director and Head of the Pacific Segment, Commercial Banking, J.P. Morgan. “Their commitment to innovation and growth is evident in the way they adapt to challenges and seize new opportunities. It’s this spirit that keeps our region at the forefront of business leadership and progress. We look forward to helping our clients navigate all that’s ahead in 2026.”

Published

1 month ago

February 14, 2026

Oakland Post

Super Scout / E+ with Getty Images.

Sponsored by JPMorganChase

Business optimism is returning for small and midsize business leaders at the start of 2026, fueling confidence and growth plans.

The 2026 Business Leaders Outlook survey, released in January by JPMorganChase reveals a turnaround from last June, when economic headwinds and uncertainty about shifting policies and tariffs caused some leaders to put their business plans on hold.

Midsize companies, who often find themselves more exposed to geopolitical shifts and policy changes, experienced a significant dip in business and economic confidence in June of 2025. As they have become more comfortable with the complexities of today’s environment, we are seeing optimism rebounding in the middle market nationwide – an encouraging sign for growth, hiring, and innovation. Small businesses, meanwhile, maintained steady optimism throughout 2025, but they aren’t shielded from domestic concerns. Many cited inflation and wage pressures as the top challenges for 2026 and are taking steps to ensure their businesses are prepared for what’s ahead.

Overall, both small and midsize business leaders are feeling more confident to pursue growth opportunities, embrace emerging technologies and, in some cases, forge new strategic partnerships. That bodes well for entrepreneurs in California. Here are a few other key findings from the Business Leaders Outlook about trends expected to drive activity this year:

Inflation remains the top concern for small business owners. Following the 2024 U.S. presidential election, many anticipated a favorable business environment. By June 2025, however, that feeling shifted amid concerns about political dynamics, tariffs, evolving regulations and global economic headwinds.
Going into 2026, 37% of respondents cited inflation as their top concern. Rising taxes came in second at 27% and the impact of tariffs was third at 22%. Other concerns included managing cash flow, hiring and labor costs.

For middle market leaders, uncertainty remains an issue. Almost half (49%) of all midsize business leaders surveyed cited “economic uncertainty” as their top concern – even with an improved outlook from a few months ago. Revenue and sales growth was second at 33%, while tariffs and labor both were third at 31%.
And tariffs are impacting businesses costs. Sixty-one percent of midsize business leaders said tariffs have had a negative impact on the cost of doing business.
Despite challenges, leaders are bullish on their own enterprises. Though the overall outlook is mixed, 74% of small business owners and 71% of middle market companies are optimistic about their company’s prospects for 2026.
Adaption is the theme. For small business owners surveyed across the U.S., responding to continuing pressures is important in 2026. Building cash reserves (47%), renegotiating supplier terms (36%) and ramping up investments in marketing and technology are among the top priorities.
Big plans are on the horizon. A majority midsized company leaders expect revenue growth this year, and nearly three out of five of (58%) plan to introduce new products or services in the coming year, while 53% look to expand into new domestic and/or international markets. Forty-nine percentsay they’re pursuing strategic partnerships or investments.

The bottom line

Rebounding optimism among U.S. business leaders at the start of the year is setting the stage for an active 2026. With business leaders looking to implement ambitious growth plans that position themselves for the future, momentum in California could be beneficial for leaders looking to launch, grow or scale their business this year.