They weren’t “locked out” of the economy. Most earned by being laborers and construction workers. They just couldn’t open shops or get “white collar” jobs in most white communities, which was fine. Some were allowed to go to white colleges to get degrees for medicine and law, and those became supremely wealthy by being rare. Some went on to start tech schools and even colleges of their own.
They weren’t “locked out” of the economy. Most earned by being laborers and construction workers. They just couldn’t open shops or get “white collar” jobs in most white communities, which was fine.
You still can't generate wealth that way. At the end of the day your total money supply is equal to the sum of everyone's external incomes. If there were blacks making a living providing goods and services exclusively to other blacks, then that money is diluted. Think of it like this: You have 10 guys each earning $50,000, and another 10 guys that only do business with the 10 working guys. Now that $500,000 has to support 20 people. The amount of the income doesn't matter, just the ratio of those bringing in external income to those who are not. In all cases it's less efficient than if all had external incomes.
Some were allowed to go to white colleges to get degrees for medicine and law, and those became supremely wealthy by being rare. Some went on to start tech schools and even colleges of their own.
This doesn't make any sense. White people were suppressing black people, but only some? How are you sure that it wasn't the case that only "some" actually met objective entrance requirements? This is where the magic of "institutional racism" is born. When you have to start positing magical, unquantifiable phenomenon to support your hypothesis it should be a sign that you've departed from reality.
Some went on to start tech schools and even colleges of their own.
This conflicts with the allegation that they weren't allowed to open shops or have white collar jobs.
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