No. 239 – Monday Reads

Source: Scott Galloway

Black-Owned Businesses Could Face Hurdles in Federal Aid Program – “This roughly $68 billion will only begin to address the disparities within capitalism brought into relief by coronavirus…By prioritizing clients that already have existing lines of credit, black businesses and nonprofits find themselves yet again excluded from live-saving relief.”

Earl G. Graves Sr., a Voice for Black Entrepreneurs, Dies at 85 – “The white-dominated business world needs to understand that we don’t want charity. We want to do business. We don’t want guaranteed success. We want the opportunity to earn it.”

World’s Biggest Maker of Sneakers Asked to Halt Vietnam Operations – “The group produces over 300 million pairs of shoes per annum, it said on its website, accounting for approximately 20% of the combined wholesale value of the global branded athletic and casual footwear market.”

Capitalists or Cronyists? – “Modern-day “capitalism” in America is to flatten the risk curve for people who already have money, by borrowing from future generations with debt-fueled bailouts for companies. We have consciously decided to reduce the downside for the wealthy, thereby limiting the upside for future generations.”

Zoom Bombing a High School Class – “Learning from your own mistakes and experiences is a good skill. Many people make the same mistakes over and over again. But learning from other people’s mistakes or experiences is a great skill of immense power. It’s rare. Cultivate it.”

No. 105: 3 Lunchtime Views/Reads

  1. Take a look at the tweet below. If you follow economic development across Africa, you have seen the referenced charts. All I will say about the paternalism in this tweet is that the reasons for optimism about Africa go back further than 60 years. Moving on.

  2. Scott Galloway, a professor at NYU, said that the only reason Marissa Mayer will not be fired from her CEO post at Yahoo is because she announced she is pregnant with twins. Adam Grant, a fellow professor at Wharton, should probably give him a call.
  3. Very interesting profile of Uber and its CEO Travis Kalanick. Warning: It is long. With the ongoing debate around the lack of people of color, I was glad to see that Ade Olonoh runs one of Travis’ portfolio companies. These Nigerians, sha. They are everywhere. Also, I need to read Atlas Shrugged.