This past May the Legal Defense Fund of the NAACP organized a series of discussions on the present phase of the civil rights struggle, which brought out in sharp focus the divergent philosophies in the Negro community. The two discussions I attended may serve as examples.
The first dealt with the roadblocks in the path of `Black Business Enterprise.” Two substantial black businessmen, each self-made and heading a group of small and medium-sized enterprises, spoke for the American business myth. They felt there would be a good chance to develop capable Negro businessmen and managers, if only—by “compensatory action”—sufficient high-risk capital were furnished by the white business community. They stressed that...
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