Black Billionaires

[The Cushite]

Originally posted by BusinessApe1906
it should be. What we've done, in the community, in past years was honorable, noble at best. Was it progressive? From a benchmarking perspective, maybe? From a "what makes the world go round" perspective, I think it was probably counterproductive. That's just my opinion.


... Wouldn't it behoove Alpha to be a little more capitalistically inclined?

...I'll continue to go on record with "the social agenda Alpha is on, has worn out its use (mostly) but since most in the Frat still find it somewhat necessary; we would probably be better served to create a more diverse base of initiatives including some financial ones."

Very interesting perspectives. A few questions,

1. What exactly do you mean by a "what it takes to make the world go round" perspective? are you insinuating that things like Voting rights, education, and health awareness aren't as intergral to the uplift of humanity as economic/ wealth development? (By the way, the frat does sponsor a semi-annual economic development conference, keep your ears open for it).

2. What about the legal ramifications of the non-profit status of many local chapters if they were to enter into venture capitalism?To be more capitalistically inclined would go against the "non-profit status" that many of the chapters have worked hard to establish to help with fund-raising efforts in local communities. It would be illegal to take those funds and enter into capital investment for profit. So it would be hard to, as a frat, enter into profit making enterprises (though individual brothers could do so at anytime, with anyone, but in official frat involvment could be detrimental).

3. If profit becomes the goal, what then of the non-profitable initiatives of the frat? The goal of uplift most times is non profitable. If brothers are solely motivatied by profit, they will find that many of the initiatives associated with the Jewels' philosophy of uplift are wanting. Though freedom is not free, the freedom fight calls for people to be willing to sacrifice time, talent, and treasure in order to see the desired results, which, most of the time isn't profitable.

Now, does this mean that brothers should be fiscally ignorant? Not at all, we should conduct Alpha business with a keen sense of fiscal responsibility and shrewdness. But, the overall goal of Alpha should not be fiscal prosperity, but uplift and brotherhood with fiscal soundness.

Blackwatch!!!!!!