He said the Wall Street Project is held near the Rev. Martin Luther King Jr.'s birthday because it is consistent with King's advocacy of equal protection under the law and equal opportunity. For too long, Jackson argued, blacks have been denied access to capital. He thinks that his Wall Street Project will change that. We're creating a new climate. You benefit through inclusion.
Underserved markets have money, talent and strategic location.
There is no question that economic racism continues to pervade America, devastating people of color and their communities. Still, I'm struggling with Jackson's wildly enthusiastic embrace of Wall Street. For while Wall Street stands for access to capital, it is also stands for unrepentant greed. The problem with Jackson's new friends is that they are not people-centred. So, no matter how loudly he implores businesses to go to the underserved markets, if they can't make big money there, they'll never show up.