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Race, Capitalism, and Power: The Economic Thought of the Young Jesse Jackson

Journal of Economic and Social Thought

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Title Race, Capitalism, and Power: The Economic Thought of the Young Jesse Jackson
 
Creator BELTRAMINI, Enrico; Department of Philosophy and Religious Studies
Notre Dame de Namur University
1500 Ralston Avenue, Belmont CA 94002
United States
mobile +1 (650) 430-0104
 
Subject —
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Description Abstract. Fifty years ago, Jesse Jackson joined the S.C.L.C. and rose rapidly to become one of this country’s major advocates of black capitalism. Far less well known is his interest in finance and credit for African Americans that suggests his prescience about the decline of industrial capitalism. Focusing on Jackson’s early civil rights activity in Chicago, this paper charts the initial stages through which Martin Luther King’s young pupil rapidly became a staunch supporter of black economic power, strongly committed to a wealth-transfer agenda, while most of the other civil rights and labor leaders showed more interest in a just distribution of income. Abandoning the stereotypical image of Jackson in his early years, an image limiting him to an ambitious activist interested in bargains and with little inclination for analysis of the economic reality of his times, this paper addresses Jackson’s forward way of thinking. His growing expertise in money and finance made him one of the few civil rights leaders who genuinely grasped the functioning of the post-industrial economy and constituted the true wellspring of his later pan-Africanism and economic policies.Keywords: Jesse Jackson, Economic thought, Operation Breadbasket, S.C.L.C., Black capitalism.JEL. B10, B20, B59.
 
Publisher Journal of Economic and Social Thought
Journal of Economic and Social Thought
 
Contributor —
 
Date 2016-09-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEST/article/view/948
10.1453/jest.v3i3.948
 
Source Journal of Economic and Social Thought; Vol 3, No 3 (2016): September; 333-348
Journal of Economic and Social Thought; Vol 3, No 3 (2016): September; 333-348
2149-0422
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEST/article/view/948/1024
 
Rights Copyright (c) 2016 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0