A firm, Black Wall Street Compassionate Capitalism Economic System, has introduced a risk-free family empowerment initiative aimed at empowering African families to earn income to support their members.
The firm, in a statement, said its primary aim is to end foreign imperialism by empowering Africans and giving them opportunities to thrive.
A statement noted that Africa had been poverty-stricken, because colonial masters only brought an economic system that only favoured them and their corporations.
“Africa has only two per cent access to global trade and loses over $700 billion dollars every year in capital flight to foreign corporations. The domination of foreign corporations in Africa’s economy is the only reason why there is 70 per cent unemployment, slow-paced development, and the failure of most African businesses. “And this is not a fight for governments, actually. Depending on governments is the primary reason why this issue has not been tackled head-on and has only escalated.
It’s from this background that Compassionate Capitalism has introduced various forums to tackle foreign capitalism and empower Africans.
“One of these forums is The Family Empowerment Initiative. Through this, families will earn big and for a lifetime.”
According to the statement, European capitalism teaches Africans to focus on labour as a means of production, instead of capital that they teach their own people.
On the other hand, the statement noted that “compassionate capitalism teaches investment because investment is a vaccine for poverty.”
Compassionate Capitalism Economic System, according to the statement, promotes a key feature known as Investment Points, where a margin in the cost of buying regular products from the Compassionate Capitalism Mall is given back to the consumer as these investment points. “The consumer, he added, “can use these points to make investments in commercial projects for financial returns or in training for certification for jobs or contracts, eliminating the high risks that come from ordinary investments with cash. This fulfils the principle known as “Grazing the Cow you milk,” which is a key message of Compassionate Capitalism.
