Black Gold and Black Capitalism : A Shortcut for Negroes into the Economic Mainstream.

Anthony H. Pascal

Expert InsightsPublished 1970

The Italian produce merchant, Polish steelworker, and the Irish cop are American cliches today, but the original establishment of industrial enclaves by ethnic minorities did serve a purpose: it provided a foothold for launching them into the mainstream of the American economy and ultimately into viable positions in the society. In this paper it is argued that establishment of similar semi-monopolies for newly emerging minorities--chiefly blacks--could do the same. What's needed is a field where opportunity is high, investment is low, training time is short, profits are substantial, and entrepreneurship is virtually assured. The answer: gasoline dealerships. There are 220,000 in the United States, generating $25 billion in annual sales and with an annual payroll of $2 billion. For openers, a federal investment of $1 billion would result in 100,000 black-owned and black-operated service stations. Concludes the author: it is a practical proposal with incentives and advantages few others offer. 20 pp.

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Pascal, Anthony H., Black Gold and Black Capitalism : A Shortcut for Negroes into the Economic Mainstream. Santa Monica, CA: RAND Corporation, 1970. https://www.rand.org/pubs/papers/P4295.html.
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