Black Agenda Report
Black Agenda Report
News, commentary and analysis from the black left.

  • Home
  • Africa
  • African America
  • Education
  • Environment
  • International
  • Media and Culture
  • Political Economy
  • Radio
  • US Politics
  • War and Empire

So the One Percent of One Percent Who Own US Politics Include Some Black Faces. Is This A Victory For Us All?
22 Apr 2015
🖨️ Print Article

By BAR managing editor Bruce A. Dixon

1% of 1% account for nearly half of all US campaign contributions, and get back $760 in public funding for every dollar they give. A few of them, like Magic Johnson, are black. Is this cause for celebration, or for condemnation?

So the One Percent of One Percent Who Own US Politics Include Some Black Faces. Is This A Victory For Us All?

By BAR managing editor Bruce A. Dixon

One percent of the one percent, about 30,000 individuals account for 42% of all the contributions to political candidates in the US. In most other countries these would be bribes, but in this, the freest country in the world, wealthy have baked their right to bribe into our election law. They've even purchased a Supreme Court ruling – Citizens United – which says their unfettered right to bribe is guaranteed in the Constitution.

While America's corporate elite is disproportionately white, nobody I know considers this a victory for white people. So why then, do many African descended Americans insist on celebrating black members of this one percent of one percent as persons worthy of respect and admiration on the part of the rest of us?

Former NBA superstar Earvin “Magic” Johnson is a case in point. With business interests all over the country, Magic dropped a quarter million dollar campaign donation on Chicago Mayor Rahm Emanuel, and flew to Chicago to get his picture taken with the mayor on the eve of the elction. Magic's payback was an $80 million dollar contract managing privatized custodial services in Chicago's Public Schools, under which he pays those custodial employees, many of them African American far, far less than they once made as direct employees of the public school system.

This doesn't make Johnson unique. It makes him one of the gang, a very privileged gang indeed. A recent study by the Sunlight Foundation revealed that corporations get about $760 back from federal, state and local governments for every buck they donate to politicians of the two capitalist parties. The nation's top 200 campaign donors gave $5.8 billion to political campaigns, and got back $4.4 trillion – that's trillion with a T in return between 2007 and 2012. In perspective, during the same period 50 million Americans on social security got only $4.3 trillion. It's all perfectly legal, and in the eyes of some of our black pundit class, admirable, when the recipients are folks like Magic Johnson.

Junior Bridgman, another former NBA superstar owns hundreds of Wendys and Applebees franchises, and pays millions every year to lobby state and federal government to keep the wages of his workers nice and low, seven bucks and change for the fast food sector and two dollars and change for the restaurants. Is he an inspiration to young blacks or a scourge on black families?

How should we regard the black faces among the one percent of one percent? Are they smart and savvy business people, examples of real black power? Or are they well connected, despicable thieves stealing from the rest of us?

It's a question we should ask ourselves more often.

For Black Agenda Radio, I'm Bruce Dixon. Find us on the web at www.blackagendareport.com.

Bruce A. Dixon is managing editor at Black Agenda Report and serves on the state committee of the GA Green Party. Contact him at bruce.dixon(at)blackagendareport.com.

 



Your browser does not support the audio element.

listen
http://traffic.libsyn.com/blackagendareport/20150422-bd-one-percent-blacks.mp3

More Stories


  • The “International Community” is an Unreliable Broker in Ethiopia Conflict
    Hermela Aregawi
    The “International Community” is an Unreliable Broker in Ethiopia Conflict
    31 Aug 2022
    The ongoing conflict in Ethiopia's Tigray region has been fueled by support from the United States. It is yet another proxy war which has brough great suffering to thousands of people.
  • 'You Can't Swim the Same River Twice': Why Full Employment Was a Great Idea, But is No More
    Jon Jeter
    'You Can't Swim the Same River Twice': Why Full Employment Was a Great Idea, But is No More
    31 Aug 2022
    Had it been fully implemented the Hawkins-Humphrey full employment bill would have been a boon to U.S. workers. Any talk of reviving it is now moot, as the industrial economy of the 1970s has been…
  •  Why Does the United States Continue to Occupy a Haitian Island?
    Melissa Béralus
    Why Does the United States Continue to Occupy a Haitian Island?
    31 Aug 2022
    The U.S. mined a million tons of guano on a Haitian island without paying a cent to the Haitian authorities. Other countries have sold the product for hundreds of millions of dollars.
  • Nehanda Abiodun and the Legacy of Resistance to the Prison Industrial Complex
    Abayomi Azikiwe
    Nehanda Abiodun and the Legacy of Resistance to the Prison Industrial Complex
    31 Aug 2022
    The late Nehanda Abiodun was an African American revolutionary who exemplified the movement to end national oppression and the criminalization of a people.
  • Biden's Student Loan Scam
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Biden's Student Loan Scam
    31 Aug 2022
    Capitalist rule dictates that millions of Americans live in debt peonage. It was inevitable that Biden's student loan debt relief would be a farcical half measure.
  • Load More
Subscribe
connect with us
about us
contact us