2001
DOI: 10.1177/002193470103200104
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The National Response to Richard M. Nixon's Black Capitalism Initiative

Abstract: viewed an uncontrolled Black Power movement as a major threat to the internal security of the United States (during the late 1960s and early 1970s). To address this situation, Nixon developed his Black capitalism initiative as a domestic version of his widely publicized foreign policy initiative of detente (which sought to "contain" the power of the Soviet Union and China). Moreover, just as Nixon and Henry Kissinger linked concessions associated with detente to Soviet and Chinese behavior modification, the Ni… Show more

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Cited by 29 publications
(4 citation statements)
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“…The term "Black capitalism" was promulgated in the late-1960s by Richard Morehouse Nixon, and many Black scholars were highly critical of it at the time (Bluestone, 1969;Boggs, 1970;Booms & Ward, 1969;Tate, 1970). Nixon saw Black radicals as an internal threat to national sovereignty during the cold war, and so he offered Black capitalism as a means of pacifying radical Black activism (Weems & Randolph, 2001a, 2001b. Essentially, a socialist Black Power movement was rearticulated as Black capitalism (Ball, 2020;Marable, 1983).…”
Section: Black Capitalismmentioning
confidence: 99%
“…The term "Black capitalism" was promulgated in the late-1960s by Richard Morehouse Nixon, and many Black scholars were highly critical of it at the time (Bluestone, 1969;Boggs, 1970;Booms & Ward, 1969;Tate, 1970). Nixon saw Black radicals as an internal threat to national sovereignty during the cold war, and so he offered Black capitalism as a means of pacifying radical Black activism (Weems & Randolph, 2001a, 2001b. Essentially, a socialist Black Power movement was rearticulated as Black capitalism (Ball, 2020;Marable, 1983).…”
Section: Black Capitalismmentioning
confidence: 99%
“…Similarly, Weems and Randolph (2001) argue that the government interest in promoting black business actually began in the 1920s well before President Richard M. Nixon’s “black Capitalism” initiative in the 1960s. In acknowledging the viability and existence of the black consumer market prior to the 1950s, the paper draws on the crucial nature of the time frame.…”
Section: Marketing Literature In the Period Under Reviewmentioning
confidence: 99%
“…Even as they asserted the need for black-operated organizations, many Black Power supporters accused African American businessmen of being accessories to the dominant white power structure and of appropriating nationalistic slogans merely as a superfi cial ploy to sell their products. 49 Insurers' willingness to adopt the language of Black Power, however selectively, demonstrates how they mingled various strands of black economic thought to craft pragmatic solutions to their industry's rapid deterioration. Th us, when Jesse Hill Jr. launched an industry-wide campaign for affi rmative action, he positioned the move not as an appeal to black nationalism but as part of the movement to assimilate African Americans into the larger economy: "We must seek a blend of special government and private sector support for minority firms, with a strategy to encourage the integration of black businesses into the nation's total small business community. "…”
Section: S Egregating the G Roup M Arketmentioning
confidence: 99%