Black Capitalism: Into the Big Leagues

Black capitalism is progressing at a disappointingly slow pace, but one group of Negro businessmen is moving ahead at a near sprint. They are athlete-entrepreneurs, and they are scoring as handsomely in business as they have in baseball, football, basketball or track. "It could be that black athletes are setting the pattern, building the momentum," says Ernie Banks, the Chicago Cubs first baseman, who is a partner in a flourishing Ford dealership on the South Side. Though the appearance of black athletes in force is a fairly recent phenomenon, already about 1,000 black-owned enterprises are run by past or...

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