Why Black-Owned Businesses Don’t Survive 

No one cares. White business are scrwing yall everyday

I’m black and I agree we a have given our black women the power over black men and most black women like Material things just like every other woman so they base there storefront options something that’s not really good ... just because I’m black does not mean I go too every shop to get my my hair cut are Food

@@ThinkBusiness247 What does white anything have to do with my comment? Please speak facts and truth, not skin color.

they made this to keep our eyes away from the GameStop stock story

I agree, however if you have extra income, l would say make black owned businesses a priority just, Jewish and Indian people retain money within their society through this method

That bit of common sense is straight up racist today, expect to be censured soon.🇨🇳

Those people will still call you racist for not searching for black owned stores lmao

Idk it probably be easier if was different cultures from Africa or other places with black people. Like Ethiopian food or Jamaican food but a Black Americans usually has very similar cultures to Other Americans who don't have strong Immigrant culture. It's easy to find a Mexican owned restaurant or Chinese owned but black is hard unless it has something like Ethiopian in the restaurant name

@ric Gikonyo Idk but y’all been around longer than other minorities. East Asians have other businesses beside selling wigs and skin care. They’re just good with business in general. The one that open businesses around black neighborhood are not rich, just enough to make a living. The well off East Asians are operating their businesses elsewhere definitely not in black neighborhoods. In conclusion, idk why black ppl stay mad at them bc if y’all ain’t gonna do it, other minorities will. 🤷🏼‍♀️

@@chicanopowers4938 no it isn't,That comment was straight up nonsense

BrandoMotion, this is a great comment, I'm suprised it doesn't get more attention. 👍🏼

Truth Indeed AMEN

@BrandoMotion you made some good points about Black businesses. But I’m hoping that more Black owned online businesses will help to level the playing field for more Black entrepreneurs. Also more of our people, especially in the younger generation are starting to realize that only earning an expensive college education and degree is not a guarantee for financial independence. Entrepreneurship is a skill that is valuable regardless of the level of education and career choice.

I'm glad that you have problems because I don't want black people to succeed

Yes. The push to support black owned businesses is a temporary solution meant to highlight the disparity in the marketplace. But like any social issue awareness campaign, simply pointing out the problem and telling people to shop black owned businesses isn’t enough. As you mentioned, need to reform banking/financing, but also level the playing field in terms of entrepreneurial skills: digital marketing, business accounting, market research, design thinking, etc. When I attended a free workshop on digital marketing 101 in NYC, which was attended by folks from all walks of life (gender, age, education, socioeconomic, race, etc), many attendees did not understand the concept of unique value proposition nor could they explain how their product or service differed from their competitors. That was a huge red flag. Considering we’ve failed to teach basic financial literacy to most American children, let alone to children of color. Considering social capital is a huge factor in individual success outcomes. Considering mentorship matters and we are the sum of the people we surround ourselves, yet some people are stuck in impoverished communities where business knowledge may be scarce. It’s really hard to expect any business to succeed if they don’t have the fundamentals. I wish public schools focused more on practical skills and I wish more cities offered free basic business seminars and workshops like NYC’s Small Business Administration. It’s by no means perfect but at least it’s a starting point. Ultimately, we may also need to provide more small business grants so business owners can pay to learn these things to fill in knowledge gaps

Equal treatment is equal. Not to the detriment of one or the other.

Truest comment yet!

-Thomas Sowell?

@@heezy8178 Preferential treatment is NEVER necessary, and results in further division and resentment.

@@BxChef.207 Yep...I also prefer that an iconic quote be attributed to its source.

Exactly

no the issue is black owners even getting to the point where they have a functioning business. The loan discrimination etc. that is described

They will make a tag for that soon, kinda "blue checkmark" on twitter. I think yelp already make some label.

@@sn5301679 ????

tbh who cares

Good

Good for you, I respect values, character, and work ethic and not the color of someone skin.

@James Gray Well I'm not waiting. Not every business had financial backing. A lot of that is messed up, but it has a lot to do with the environment. If you can't find a way, then make one.

@James Gray white people who grew up in a poor culture have the same problems with getting a loan. It is a poor vs rich issue.

do you need employees. are you hiring. 🇺🇸

And 9/10 all the products and services are by white name brand companies. You missed the whole point of the video

CNBC would call that wrong-thinking

You THINK that's what you do, and that it's a free market. lol there's no such thing as a free market.

@@tro2561 99% of the businesses I walk into and I dont even know who the owner is. Really tough to be racist to a business.

*free market exist* Blackminist: "black mostly suffer"

+

So you are saying that you think there should be businesses that only cater to a particular race? What could go wrong?

They will not!

That would be called a racist bank.

Hahhaha good luck if you’re gonna be paid back

I bet your name isn't Karen.

What is the most surprising thing is , after everything thats happened and is still happening, you still can't ask people to care about others plights and how their veiws affect a whole swath of people. But the lack of care and consideration for each others plights is literally how we got to the covid thing getting so bad. What will it take? I know yall would prefer we all die and go away...

Translation: I don't care about the economic advancement of my historically disadvantaged black countrymen.

@@Thesandchief Translation of your biased translation: If you don't give black people money it must be because you are racist. To which I say you either completely misunderstood the original author or chose to add in a level of racism yourself. Shouldn't the goal be to not be biased or affected by race in the first place? To see people as individuals instead of by the color of their skin? I guess not according to your view point.

@@jakepeters5225 it's about making sure banks and other financial institutions treat everyone fairly. i don't care where people choose to spend their money

This !

You got that right. Most black people I know can't stand this nonsense. Yet it goes on and on. Divide and conquer. That's what the media is about. Not telling the "news".

@James Gray You wrote this under the impression that they care to read things that don’t stroke their biases

It's because the media companies that produce these videos have no diversity in their workforce. Like absolute trash of a video. Inciting segregation.

@James Gray this isn't 1965 you victims

Not if they are black -- said no one

Duh!

Do you have Comcast? Do you utility company have go service? Have you ever bought a warranty/protection plan and didn't get what you expected?

Also how would I know the business owner’s race?

If the business has things you want but it hates your race, shop elsewhere. They will only spend the money on bullets and crack anyway.

Facts

Usually, yes. Thanks for pointing it out.

Because prejudice created by racism. USA is not merit based.

This mindset is what keeps blacks poor

@@CB-ob5fr its the afro american culture. people that migrate from africa to the US do it alot better on school & jobs.

@@mentos93 Of course they do; do you know how much money it takes to immigrate from Nigeria to Baltimore, they these immigrants are already rich.

I did too, and your comment was the first one I saw 😆

I didn't get passed the first ad because I paused it to come to comments. 😀

I went right to the comments

I'd rather read the comments instead of watch CNBC's garbage video.

Nope! 😂😂😂

Exactly! I agree!

Exactly! I never say I am a black owned business. And most of my customers are white and Hispanic.

yeah agreed its really a horrible way to do business...

I find that these black owned business tend to just serve fellow Black people, and discriminate against non blacks.

@@silentraven4582 Thats not true. We serve other races of people all over Georgia in our businesses.

Black people are very highly represented in sports and entertainment. Even in politics they are represented more than other minorities.

Blacks make up less than15% of the population but some how we have to have more representation and help them all out in a disproportionate way? It doesn't add up.

And that is the problem with reference to Black Consumers, rarely will you witness a Jew shopping with a black owned business nor a Chinese, Japanese, or a white American.

Well, many of them have been told from an early age that all the problems and shortcomings they face are someone else's fault; entitlement and lack of responsibility run strong with them.

YOU HAVE BEEN BRAINWASHED. IT IS VIRTUALLY IMPOSSIBLE TO GET THE BLIND TO SEE!

Me tool. Normally they would shut this sh!t down. Maybe they haven't realized what they did.

I agree, good gracious

Otherwise people would vote with their likes/dislikes. In fact, you can see it here.

I know right, exactly my thoughts

I wish more thought like you.

You obviously suffer form internalized racism or you're not really black. either way no one cares what you have to say so please keep your hate speech to yourself

Well said

I...don’t understand this comment

@@g4meboy13 Backhanded comments like these are so annoying🤦🏿‍♂️

EXACTLY

The irony of BLM riots. They destroyed the black community more than they helped, probably.

Hey now wait a minute. You must be racist. Lol

No it didn't help, just like the rioting at the Capitol didn't overturn the election, vanity, vanity, vanity!!!

Unlike the riots in the 90's, the capital destruction were not in mostly low income businesses areas. They were in places that like the Grove, with chains and monopolies. Also, of course, police hq's

i have seen black owned business but they usually dont last long, and people only go out of pity

@James Gray ""Content of character , not color of skin " wrong is wrong

@James Gray it's not the 50's anymore. I see black people as CEOs and stuff now. The civil rights movement worked great. Maybe not as fast as people want but it's working. Forcing it to move faster only stalls the movement.

Same

Thank for the support. From one black person to another. SMH

@@Srbog1 The *TRUTH* has no color , from one human being to another , wrong is wrong .

It’s just you. You can’t fix a problem by trying to deny that it exists.

@@favorites673 and fighting discrimination with more discrimination has been a great strategy.

@@Dustinwhy8 nobody is denying the black owned business from serving others based on skin color or demographics or zipcode, so your point is well asinine.

@@Dustinwhy8 its ironic that CNBC is (supposedly) made up of Republican leaning/conservative backed supporters since its a business/economics themed channel....however the moment CNBC makes a pivot away from that safe space of talking about just success stories and puff pieces, the likes begin to flip into dislikes...that's how you know they are telling the truth and you and others cannot stomach it 🤢. Historical Facts and Data that your too lazy to verify (as if you were planning to anyways) be dammed.

@@edhooper1421 I think you’ve got a bit of tunnel vision mate. Focus on racism if that makes you feel better...but you sound bitter with life. I’m not white btw. Ouch...a minority not obsessed with hating white ppl. #plot_twist😂

Blame Democrats & MSM

It called identity politics. Create White guilt and for what. Remember when race wasn’t important in the 2000’s?

Because democrats need ALL of you to live in fear.

@@krabes8613 race wasn't important? Huh? Racism has always existed, it's just now being exposed

because this country was built on it and still perpetuates it. systemic racism is still an issue.

Really? I'm sorry you had to endure this.

Black people just aren’t business savvy people. Would I shop in black owned businesses……the answer is no.

I stopped doing business with them. I wanted to help them out and give them a chance but they have no concept of professionalism and are always trying to con you.

@Viet Boy I didn't really care, but now that people say "you must support black business" I just flip up my middle finger.

@Viet Boy just like i wont eat Vietnamese food or support their businesses....Viet Boy✌

I like the way you look out for one another! Popcorn is ready. Greetz from Europe :)

What doesn't make sense. Everybody means if you want to. Nobody is forcing you. SMH

@@Srbog1 “No one is forcing you” except you are called racist for not picking a crappy store with a black owner and instead choose an actual good store with a white owner

I've had the same experience numerous times. Certainly not all but many black businesses let you know whites aren't welcome. But a black guy managed white owned pizza place I worked at and it was best place I ever worked at.

I noticed the exact same thing, I went to a soul food place with a friend who is black and I received half of the food that he did.

Good! Close them all

fakiirification what is the point of your story? You do realize that black people have had similar experiences in white owned establishments?

@@theblacksheep5226 name the black owned businesses where you felt discriminated against. Otherwise, what you claim to have experienced did not happen.

Because if you categorize a business based on the level of service it offers and the colour of its owners, you see a consistent pattern.

Tell that to Black Wall Street...

In America this is false. I have seen countless times a white person change their mind about a product, a restaurant, or a service because they found out the server or owner was a minority.

@@rrsharizam correlation does not equal causation

Are you a black business owner? How would you know what it takes for a black business to survive if you’re not a black business owner?

Yes cause they're black. They be looking out for they kind just as whites do.

Very sane ...I like the way u think as I do the same way.

Because a lot of times black business are aimed at black clients. This is why black hair businesses mostly have black ppl products

No they don't stop lying

@@BluePixelvideos ok except maybe for hair and even those place deal with non black textures...but try going into supercuts or sports clips with black ppl hair and see if even deal with you. So that's a nesscesary one. But other things like grocery stores and restaurants that are black owned are for everyone.

Agreed

@Jay Except you still haven't criticize the video empirically. You just shout-it rhetorically which is pretty naive.

See a need....fill a need.....

@@dancalmpeaceful3903 🤔😏😳

well said

THANK YOU

Shhh you can’t point out the obvious 😂😂

Obama gave everyone money Jews, Native Americans, gays, besides black people who did he not give money to bigot?

@@SunnyandNova Ah, cuz everybody who disagrees with you is indeed a bigot, right?

@@SunnyandNova why do people need to give you money?

Exactly, it's just simplistic and resumes a problem that's wider than just "racism" to race baiting low quality journalism. It's irresponsible journalism and it only hurts more than inform people of the event in question.

It’s cnbc look at where they stood with GameStop and the hedge funds, they’re trash.

This is your opinion. State it as it is and not because you are black.

What's wrong about it?

Explain what’s wrong black man?

Congrats!

Such a dated argument....

@@nooshoff dated ??? So 2+2 is not 4 anymore?

That’s not African American. If they know where they’re from in Africa, they’re their nationality + American. Like Nigerian American or Ethiopian American.

@@eatsomeredvelvet5090 no, if they immigrated, why put American in their name? They are Nigerian or Ethiopian, unless they get their citizenship (even then, it's usually their children that will hyphenate). It's only PC people who call a Nigerian an African American.

Agreed 100%, when I visited Ghana, it was so obvious who was a black American and who was Ghanian. A lot came down to presentation (Africans are very well dressed).

People don't want to hear the truth. They'll dab up the man who's gunna rob em tho then scold the paying customer.

Amen, I also prefer to use service and goods from a place that provides good customer service and I feel comfortable. It is not up to the customer to save the business it's up to the business. If you do not take responsibility for your own success and failure you will never succeed anyway.

that is just one business,so lets say you went to Mcdonalds and someone spat at your fries ,are you gonna say all white businesses stink?and that you will never buy anything from a businesses with a white owner,look if that happened to you don't go back to the SPECIFIC shop however stop generalizing black businesses as if they all do the same thing

@@heezy8178 I get what you are saying. But do realize that is not what I am saying. If that happened to me I wouldn't be eating out for a while period. Our actions matter.

@@silveriogarcia2431 okay fair point...i like how u didnt attack me,..most people put hereare stating that black people are privileged ,I even heard a person say this isn't the 60s anymore lol...but yeah,some black people have terrible businesses but not all

Yes. The next logical step is acquire a mainstream food service restaurant if you are successful. We don't dream big.

Even if the so-called white America give African America everything em got is not yet enough African America where enslaved to America for economic Propose

@@tonythomas7244 - you do realize that that's one of the most ridiculous ideas ever, right? Not a single black person alive today was enslaved to any white person alive today. There are tons and TONS of white people who are decended from those who immigrated in the early 1900's. Long LONG after slavery was abolished in the civil war. These white people had ZERO involvement in slavery which means that anyone descended from them have no ancestors that owned slaves. Yet you believe that all white people "owe" all the black people everything? Get outta here with that nonsense.

@@tonythomas7244 we had a 2 term black president what's your excuse

Which country are you from? There may be abused minorities in your own country but you may be blind to their suffering

I'm sick of it too.

Are actually watching the video. Because race is being targeted. Wow

then you don’t know America’s history or you didn’t watch the beginning of the video

@That Guy “Latinos for trump! Blacks for trump! “ Only the left my ass

Not totally true but I get the point you are trying to make

ever heard of something called uhm.. ✨nuance✨?

those are not mutually exclusive.

he lair re us.

Ya love to see it

good, your family didnt suffer from slavery in America

@@richardb2837 If I were you I'd pick up a history book you really believe America is the only country who had slaves? Maybe some history will teach you that there have been more white slaves than black slaves......just in case I'm not white so miss me with that crap.

what i like about your story is that it doesn't mention race at all. Do you know why? Because it does not matter to you. It was not important information and so you left it out. That guy you talk about was an idiot. That was the point of your story.

@@wakkosick6525 You are correct about it not being important to me. I find way more diversity within a race or culture than between them. I don't want to excuse him, but in my opinion it was his other friends' influences, and short term thinking that had him arrive to his current position in life. The big question in my mind, is how can we change that?

@@jaysen472 There are better things you can spend your time and energy on. Don't change his mind. Sometimes you can't help people. You just have to leave them where you found them and keep moving forward. It sucks. I understand your desire to help but if its not going to achieve anything then do something that will. You can't fix everything but that doesn't mean you can't do something.

You are Right but it's easier and more exceptable to call you a racist . That's the problem.

If you ain’t rentin’ 24’s, you ain’t black 🤣

Did you watch the video at all?? And how did you come to these conclusions about black businesses

You are right in the money! Took the words right out of my mouth. Here in Inglewood, CA. A few black businesses that I've rather liked have gone under and what they all had in common was poor direction, no motivation to grow and to support customer service. They ran almost like a free for all with no order or little order and poor response to customer service concerns.

@@___zeke___7581 What does a loan have to do with a race vs a good business plan? Everybody has bills and everybody wants to make money. When you ask for a loan you have to provide proof of a plan or have assets. Skin tone plays in role in a huge way but not because of racism but credit history and assets.

@@___zeke___7581 i actually did and i work small business owners so I'm speaking from experience.

@@___zeke___7581 "And how did you come to these conclusions about black businesses" She came to that conclusion about failed businesses.

Exactly. It's just too surface level. There are so many, and I mean so many variants that are being ignored here. It's not scientifically accurate or relevant enough. It's just cherrypicked numbers thrown around in a fashion that fits their message. Aka terrible journalism. But then I never seen a journalist cover a research study well at all, they never know what they are talking about. And that's where they resume it to "just" racism, with their ignorance, they didn't read the data well. After all, if they found more variants to this problem they would be able to come up with real suggestions to solutions. But, as usual, the only solution that journalists know is "that's why we should vote for my party". Typical junk media. I wish there was a way to make youtube videos less recommended by a rating review system or something, instead of just relying on "dislikes" which mean very little. The last thing we need now is a media piece that brushes over the real underlying causes to a problem like people losing their jobs, businesses etc. Irresponsible asf!

I’m willing to believe you, but I’m curious to know if you can prove this so in can spread this knowledge with confidence? (I.e. paste a link to an academic source that supports this opinion)

Almost agree

The average credit score of a poor or unresponsible person is lower, not just because they are black. I am a black college female and my credit score is a 750 right now. In response to the other part of your comment, yes I agree with you that the stuff they are saying is very surface level without really getting into the deep picture as to why things are the way it is.

@@emilye.6527 okay so this is great anecdotal evidence but can you cite any study that has shown credit scores aren’t correlated with race? I’m asking because in the U.S. the formula for credit scores are owned by private companies and therefore are closely guarded as trade secrets. No one outside of these corporations knows for sure precisely how they calculated, just general guidelines on the types of data they use and how they are weighted relative to each other given to us by the corporations themselves. The best we can do from the outside is track known scores and compare them with demographic statistics. So I’m wondering if this has been done and if it has been found that no correlation exists between race and credit scores? If so, please cite. Thanks in advance!

Exactly as if someone owes them .

You nailed it 100%.

Yes. Clearly all racism ended when Obama was elected president.

It is racism. They do they same thing over here in the UK. Most of my black male friends have tried getting loans and got rejected so they gave up on their business. As a black women, I saved the money myself and invested in both of my businesses. No debt 😄

@@Perfeccionista89 Or maybe it's that black people generally have fewer assets to serve as collateral and are more likely to default on loans due to socioeconomic factors. They also consider things like your life/medical insurance so that even if you die they still get their money back, and unfortunately black people tend to have no/worse policies and no wealthy parents/family that can stand in for their payments should they be unable to pay back the loan. Banks want money, they don't care if they're making it from black or white people. And that is why they will always discriminate based on your financial status.

@@cronchcrunch If only that was true. I am speaking from wealth. Most of my business owner friends are black, wealthy and can't get loans. I don't know any poor person trying to get a loan. Some people get loans whether they have money or they don't. I've seen this with other races.

@@cronchcrunch I believe you are only speaking about Americans.

@@Perfeccionista89 I love your story of perseverance. But not getting a loan and being black is not the same thing as not getting a loan because you’re black. The video failed to prove black people fail to get loans because they are black. I was once turned down for a loan myself. Perfectly capable of paying it back too but it was a personal loan and the bank deemed it too risky. I was young and didn’t have much collateral. It’s not that I didn’t get the loan because of my age but I was young and declined a loan.

Man spitting facts

Yup

There are lots of reason for businesses to fail. Most likely, it is not racism, nowadays. Else, other minority groups would have the same issue.

Nothing personal, kid

Top 10 comments I ever read

@@idokoren4333 it's so old

yea pulling that card is easy to hide racism , the numbers dont lie what ur saying is that it justifies it

@@lilblackfish2009 BREAKING: free market makes manchild butthurt!

Yeah, I hate the term "latinx".

@@AbcAbc-sp1od Basically you're a triggered SJW. Jesus Christ! Ignore it. In primer vez, te que causa tienes para tiene odio por ese terma?

@@whathell6t estas serio? Preguntale al Open Link. El lo dijo. Tambien, no soy sjw. La idea de decir "latinx" es suya, no es la mia.

@@AbcAbc-sp1od Todovia no has respondido a mi pregrunta.

@@whathell6t no nos gusta esa terma porque los sjw blancos la hizo. Nosotros no la hicimos!

Thank you!!! We are their perpetual tools. Always infantilized. Always needing a handout because we are👏🏾 just👏🏾so👏🏾freaking 👏🏾helpless. So frustrating😠

Please tell them to stop. You can get it if you want it.

@@bekesir12 how do u expect me to tell them bruh...

@@my-1903 hahahahahahahhahahaha

Yeah, I am tired of all this crap too...

it's the media. They are trying to start race baiting.

Yes it is. The people that want color not to be seen keep taking about it and keeping it in the lime light.

As long as one part of a system is racist, it affects every step. If we want to advance away from racial labels and tensions, we need to forcefully purge racism from every step of the process and correct for the racism in the past that was present in codified policies

Hah,.............hahh............. Lol.

Exactly! Media is using race as their tool to lure more people watching their contents. Isn't this also called being racist? Or in other word, news media is being 🦊.

When I see something like that, it seems almost like an "you owe us for what you did to us" sign board.

I completely agree.. Unless nobody has a problem with a white owned business sign and people only choosing to go to that shop because its white owned

I even stopped saying Woman Owned Business. I realized that my business is about providing a high quality product for an affordable price not what my gender is. I don't want anyone to pity purchase from my business lol. Someone may even purchase from you one time to feel like they are supporting minority owned businesses, but they won't be a repeat customer unless you sell them a quality product or service.

That is a really good point I completely agree.

Imagine that. You are so right.

I don't like it that the MSM keeps blaming something that happens 100, 200 years ago. A failing black owned business, today, is no where the same as a failing black owned business 100 years ago. They should be looking at improving their business plan and/or their operation.

That is actually closer to the truth, than you think. There are businesses, that can be massively profitable, but currently lack cash flow, due to their field get denied loans (because different fields have different risks, which banks must take into consideration), and thus are forced to either declare bankruptcy in the end, or seek alternative sources of money, which make's them loss generators. In my experience, the field is the key here. Try and get a loan for a couple of laptops, few chairs, desks and a server. You'll have easy time, because accounting is considered safe field. Try something like that with a cafe or some capital intense field like fuel delivery... Good luck getting a loan.

By that logic nobody should start a business then because there's already an established and profitable version of it somewhere else.

Haven’t seen anyone offended yet. It’s only 3:40 here on the east coast. Most of the unemployed leftists probably haven’t even woke up yet

Why? Afraid of the truth?

Lol

They already deleted a comment I made

@@trstmeimadctr me too!!

Wait are you serious? I can't tell if you watched this video at all. More black businesses don't apply because it costs money and time to apply and they get rejected anyway. There's literally studies on this. They talk about similar businesses being denied, etc. This whole video is LITERALLY about how and why they can't get loans due to things like lack of assets. When you have a 300k house, its easier to get a loan than when you live in public housing. Goddamn...do people have brains anymore? I know the RU-vid audience is right wing but oh lord look at the like-dislike ratio

@@dn-dk2ei I don't see what his "opinion" has to do with him being right wing. You're just judging something from out of your head. I was about to agree with you on some points but that last phrase is completely out of place, like, what are you on about?

@@RenegadeShepard69 and of course instead of replying and apologizing, they edited/hid it away after being called out

@@dn-dk2ei I'm not sure you understand what "learned helplessness" means. It means exactly what you've stated: they don't apply because they feel it's not going to succeed.

@@dn-dk2ei there are a lot of problems to face but they are exaggerated in this video. There are many underlying issues within every business and grouping all black businesses together and saying they all have " " problem does not help, it only separates and divides. Many problems are not addressed that have a great impact but unfortunatly I cannot bring any of them up without being labeled, here's three to think about. Businesses in food/ hospitality are extremely volatile. Businesses in lockdown areas (more Democrat) are more susceptible to shut down. Many black-owned businesses are in their own neighborhoods to try to improve them but the neighborhoods are high crime/ high risk in some cases and more likely to be shut down. Everyone in the country wants to help I promise you but whenever the "Because I'm Black" statements start people want to help less. If you ask for help I will help you, but if you say you need help because I'm racist you've lost me.

Yup. A black Veterinarian told me his very similar experience.

@@jameshepburn4631I’m not surprised. It’s not even being twice as better it’s more than that and no respect. I’ll get compliments in person, I ask for a review I get silence, scoffed at but they try to use me. I’ve seen experienced black people not take my interviews seriously to work in a plantation under a white man.

"violent behaviors"? Got any examples?

You can actually select to buy from black owned business now in some e-commerce platforms

It shouldn't matter what the race of the person is. I'm interested in the product and if the person doesn't align with my beliefs at an extreme or they are criminals

@@ivandrol4733 and that's pure racism

@@adriannaszymanska2029 black people dont get it, tons of asians, latinos, and arabs go down under with hard work to start a business. meanwhile black people expect for them to buy black owned business over other hardworking minorites.

Last i checked bezos was white as a hebrev.

I will. Esp with the history of this nation.

White car dealerships fly the American flag, they waive their race around all the time.

@@quentinparker7404 welcome to America. Thats why they fly the flag.

@@gordonmcmullan1087 No, you mean welcome to AmeriKKKa!

@@quentinparker7404 you seem to forget not everyone is like that. And the AMERICAN flag was around before the KKK.

You clearly missed the plot. African-american businesses that are QUALIFIED should have access to loans and investment, but they are not getting funding. That's part of the problem

@@onlyscams this is fake news

@@COLMECTIGAMINGANDMORE Based on real science. Sorry you’re triggered 🤷🏾‍♂️

@@OpiumBride What a disingenuous question. Anyone who has applied for a business loan in a bank or pitched investors knows you have to physically show up and also show ID, names, zip codes etc. All of that is easily identifying information that will expose the fact that you’re black. Dumb response

@@onlyscams That's not to say borrowing and lending is a bad economic practice that should be avoided by anyone.

I think the point they are trying to make is, black businesses were affected because the majority of their businesses, are in vulnerable sectors. Were stay at Home orders negate any success, with that said no one is to blame that those are the sectors they concentrate on.

Yooo your profile pic!! I remember that guy lmaooooo😆😆😁😆😁😁😁🤣🤣🤣🤣🤣🤣🤣

Clearly access to credit is the issue here. But don't you think there are more reasons why it might be fair for older people to have better access to credit in general than there are for a white person to have better access to credit? Even if we should do something to help young people access credit, I don't see why that would change whether we should do something to help black people access credit. One of the problems here is the legacy of economic disadvantage that black people in America have inherited. If starting a business is a route out of that but the disadvantage prevents them from getting credit that would enable that then is it ever going to change? The issue is not simple e.g. it's not that people just need to stop being racist (not to say that racism doesn't still exist and have an impact). The statistics clearly show that there is a difference between black owned and white owned businesses - unless you think there is a difference between black and white people , surely this indicates that there is something going wrong?

@@ashleyshim2078 Can I get a hug? I got us a pizza. 🍕

@@KianMayne Black people are at higher credit risk than their white counterparts.

Lmfaooooo

For real!

Yeah i feel pretty strongly that latinos dont like to be grouped together whit blacks. European/european+indian blood is a bit difrent than west african.

The only time we're gonna use that term is to make fun of it, Mexico couldn't care less about people's opinion on gender when there's bigger problems to deal with

Why are y’all so pressed about this term? To me Latinx represents taking back heritage as our native tongue, “Nahuatl”, X is a very common sound. Maybe this only applies to Mexico (Mexica people) descendants, but I still don’t understand the outrage over the term

facts

Untrue.

When you give £1400 per month in bills, you'll understand. No harm in spending £100 with a black business every month, we do it for whites. The bills is *their* business.

@@Perfeccionista89 youre missing the point, and EmoMaki is correct. no one should support a business because the owners are black/white/etc. if its a good business, support it. thats it.

@@MegaMijit Understood. But that isn't the case where I am from, most people care. I support white already by paying their bills.

It's called cognitive dissonance

No it itsn't.

black people want sympathy points.

@@RenegadeShepard69 “if you talk about racism, then there is racism”. -Morgan Freeman

They’re obsessed with it and want to stir up division.

They want views and money

It's how they make money. Sadly, it works.

Because its a reality for many, mass media and race injustice is actually a recently thing. Your lifespan coincide with most important time in history, don't waste it on negativity.

Ah, ah😂 Good one.

LMAO

I remember it well. I was in North Sumatra near Medan and was lucky to get on a Garuda Airlines plane over to Kuala Lumpur Malaysia before rioting closed the Medan airport. It reminded me of the anti-Chinese rioting in Malaysia some years before. Pure economic jealousy. The overseas Chinese (hua chao) work harder, longer, and smarter than the non-Chinese in general.

Comment correction : Why jmd4702 doesn't survive

it's the ignorant liberals that don't understand the non-gender word latinos

If your caught using that word you would be laughed out of the house. Latinos are very culturally conservative especially around tradition and language.

it´s not encouraging, it´s forcing a word into existence

Also, stop using "people of colour". It's not 1950 and I am not coloured!!!

@Shinshocks The fact that I genuinely cannot tell if you're being sarcastic or not (although it's a comment section so I assume you are..haha) is exactly what makes me so angry about the phrase...

Yep

They have deleted this comment over 20 times and I will continue to post

@@jackstone5825 The truth is spoken: CNBC: we don’t do that here

This video was made to have blacks continue to hate whites. Sublimital racism at it's finest.

Its funny cus yall say we whine and cry too much but you do anything you can to be heard and display indifference proudly but somehow its not whining and bad when you all do it...hmmmm yup tracks, everything is fine, i forgot to remember the white man is superior and I need to know my place... foolish me

Hi how much American content is consumed there in India (music ,films etc)

@@nthuthukomdluli1052 alot

There are some inaccuracies in this report.

They conveniently left out other successful minority groups, whom are successful within 10-30 years. NBC still blame something that happened 100/200 years ago.

Yep. Notice when they mention loan turn down rates between demographics they never mention the debt to income ratio of each category which is a major factor in loan approval. They'll mention the credit score as being exactly the same but never mention the debt to income score.

Woow thank you Eric for this information. I never knew this; I’m an African American who’s open to listening…thank you!

That is an outrageous lie, if what you are saying is true, THEN WHY ARE THERE LAWS WITH REFERENCE TO LOAN EXTENSION?

EITHER YOU ARE IGNORANT TO THE FACTS, OR YOU ARE LYING TO YOURSELF.

Integration destroyed black businesses. let's not lie. Black people couldn't compete with the influx of white businesses with better quality products. Before they had to buy from their own to survive which lead to longer circulation of money within...

Or black people can come together and help out one another.....just like every other race does.....

@@kieraholmes3828 This has been BEATEN to DEATH. Black businesses on average are not well run and they don't provide high paying salaries to employees. Do you see black representation in say Silicon Valley?

@@mnkwazi Then clearly we can't win here!

Aide to small businesses is nothing new. You need to put a little more thought into what you type

@@___zeke___7581 the government giving free money to specifically black owned business would be new and would be stupid. If you want to help small business that's fine, help them all not just 1 race. You SJWs wear on my nerves 🙄

I agree. That’s why I would never give my hard earned dollars to black businesses because they don’t know how to do business

Don't be weak

What's wrong with supporting a black business if it's run well?

@@naddarr1 Well that wasn't what I was referring to. I said if it was run "well".

@@naddarr1 Okay you're a little a bit too upset with me. All I asked was a question. I wasn't indicating that he was making a racial argument at all.

@@naddarr1 Well sorry that you're going through that. Never once did even say or assume that you were a racist.

What do you mean? You are definitely minorities and african american

Wouldnt it be nice if we were all just Americans?

I'd be happy to oblige, except that other PC folks tend to require white Conservatives like me to use the AA term. Especially because I'm white Conservative, I tend to get in trouble with them when I don't. They don't usually listen to me when I try to reason with them; but since you are Black American, maybe they'll listen to you and try to respect your very reasonable request. = )

That's straight up Racist. Next thing you know you'll say you should be judged on the content of your character and not the color of your skin.

"why should I choose them over a white-owned business" ahhh there it is.

@@DreQueary you would pick a business because of the race of the owners, rather than what they provide? that seems like actual racism!

@@DreQueary where?? You didn't answer the question.

It actually is a selling point. Many in the Black community support their own community's businesses.

@@TomikaKelly that's racist.

How do you know the you're not racist?

You didn't even bother watching the first 5mins of the video did you?

Sounds like a true salted biscuit

@@MikeBNumba6 They never do.

@@MikeBNumba6 Hey just a regular white guy here lol 😂....I think some people are ignorant on the fact that the movement applies in all fields and categories hopefully other white people understand that a fair market means there should be no one denied for a loan due to something based off their skin color and obviously it’s wrong unfortunately that is something that exists... that needs to be acknowledged so I hope more people of all color see this message and understand it’s importance

Smart man.

You sound silly and should go educate yourself immediately.

It's called manipulation to get power and distract from real problems ;)

I’m with you, which is why I’m not a registered Democrat nor do I vote blue.

Honestly, it's exhausting being black. The exhausting part is, we have to deal with warfare inside our own community; a lot more than outside. There is a lot of finger pointing amongst us, but rarely any solutions. There's layers to being a black person and all the crap we deal with.

cnbc playing the race card

And the said part is that it's probably reported by a black person from CNBC

Bringing attention to a prevalent issue throughout US history is not stupid, it’s just not what you want to hear. I guess some people just won’t understand...

@@Wusitsomethingisaid Only 3/10 businesses survive throughout their lifetime, it doesn't matter if the business is "black-owned" or not.

Why do you say that?

The reason they don't provide them is because they're made up.

@@Vertigou to cover gameStop stock?

9:42 bottom left corner: “Source: Board of Governors of the Federal Reserve System, U.S. Census Bureau”

@@SupamanTV that's not a reference, they might as well say "Source: Google"... I mean what reports? What datasets? They expect us to just sit here and say "Black businesses have it harder than white businesses because of skin color, trust us because we're a multi-billion dollar media company looking to sell ads and generate views"

yup CNBC Racist as S#** They ignore all Statistics, but bringing up with a Racist Video, the only one here who is Racist is Media, not anyone that I know Personally.

Yep

I saw the like/dislike ratio, and that was my first thought

Fun isn't what I would call it lol

It sure is not too many libertards

Indeed.

Most of the times, they treat Black customers bad or worse. The only Black businesses I have been to and got treated well was in Chef Judy’s establishments and Marley’s in Fayetteville, NC. I support them because they stay positive and their staff is happy. They are extremely welcoming to EVERYONE!

@Arlene Augusta Hair thanks for the comment, when I'm in the area i will check the out. From a Glacier glider.

I think 15 dollar minimum wage is a good idea but they should add an asterisk to it so it starts at a certain age. I propose at the age of 25 15 dollar min wage is good

Thats the tricky bit, the reason we needed the higher minimum wage is Because of inflation that devalued peoples wages and purchasing power. How long until 15 isn't enough anymore?

@@pokemasterx4244 why would the minimum wage start at 25. are you saying its ok to exploit kids?

It is racist. But every race does it, especially the Asian community in America, that is why there are very few Asians in America in poverty. They will support their own before choosing someone from another race. This is a fact. The black community is by far the least economically integrated community in America and its not even close. Most black people spend their money in non black businesses, largely out of self hate, lack of self accountability, and the need for acceptance from the rest of America. When it comes to economic racism black people has a long way to go before catching up to other races. It really isn't a close debate.

@@DWEthiopia I find that strange, any normal person's criteria for choosing where to shop would be the price/quality ratio, diversity provided, and proximity of said shop.

@@DWEthiopia I can't explain how wrong you are. If you're Chinese you'll probably shop at a Chinese stores because they have items you relate with. Black isn't as specific,because the culture is varied. There are Ethiopian restaurants you can support or even Jamaican . As a Mexican I'll support Mexican restaurants because it's the same food I was raised on but I'll still go to Chinese restaurants or even Asian stores because I like the products.

@@Johanisnotreal You are thinking about it too unambiguously. I wasn't really talking about Africans like Ethiopians or Nigerians. Those communities are doing better economically than the average African American. Albeit those communities still suffer from a degree of poor economic integration. However, I would argue that having a foreign language/culture allows them the privilege to self isolate and grow as a community. The same can be said for Mexicans. For Mexicans, they are at a greater advantage due to their numbers and the proximity of Mexico to the US. Black Americans have a culture that is mainstream and the country doesn't really give them much autonomy. Just my opinion. I promise if you studied the expenditure of black Americans you would learn that for most of them, they are largely economically dependent on nonblack Americans. Where do black people buy their clothes? Buy groceries? Buy education? Buy labor for construction? Get Jobs? I'll give you a clue. It's not from other black people.

Imagine your company is paying men on average 2 dollars more an hour for the same job would it be sexist to seek out more women than usually when they do their yearly raises?

That's kind of what this video is telling me........although that's NOT how I support businesses...