The usage of moral in my statement was in the context of behavior in general, not right or wrong. Moral derives from the word mores meaning behavior, manner, ways. The behavior of profligate spending is adverse to saving and investing.
Okay, But doesn't this assume, hypothetically, that the masses of black folk who are/were knowing to such imperatives with regard to investing in black-owned investment institutions, would choose not to do so? Imma fairly moral guy, but if I don't know these institutions, then odds are I will behave in away that would steer me to put my money with non-black institutions. Imma fairly moral guy, but if I am ignorant of how crucial investing in the black economic infrastructure is to my community..., feel me? I understand that 'morality' is relative. Be that as it may, if one is ignorant of these economic realities, then one will proceed on 'without a care', if you will. 'Ignorance' is not relative. Either one knows, or they don't know. "Right or wrong" notwithstanding.
It does. Noted. The sense I use it is utilitarian without any assessed value judgments attached thereto.
If black people won't bank at black banks then we are all doomed to fail as a people. Having financial leverage is the only way to achieve any true power in America. Black Banks are one of the few institutions that have the power to grant that leverage. We desperately need to change our mentality and start supporting our own local, small and large black businesses instead of handing over our money to the mega-corporations that have brainwashed too many of us.