Dr. Claud Anderson is the current president of PowerNomics Corporation of America , Inc. The Harvest Institute, and WaterLand Fisheries, Inc. PowerNomics is a corporation that facilitates major business development, focusing on inner cities.
PowerNomics is also a social-political-economic concept developed by Dr. Anderson that examines race and offers specific principles, strategies and activities for Black America to change behavior, establish accountability, and achieve unity of purpose in a way that allows for self-sufficiency and the ability to compete economically as a group.
In his book, PowerNomics, Dr. Anderson draws on his experiences as an academic researcher, businessman, and federal and state politician to discuss how this can and must be accomplished through a five-year national plan involving education, economics, politics, and black religious organizations.
The motivation for developing the plan lies in the fact that despite the fact that black people make up America’s only non-immigrant group and were present in America before 98 percent of all immigrant groups, blacks are at the bottom of every economic, social, health, and political indicator.
The following video is of Dr. Anderson discussing how the current generation of black children has essentially inherited nothing from their parents in terms of wealth. He points out that 87 percent of white people’s income is unearned from things such as investments and rental properties and that the vast majority of black children do not have those same opportunities to benefit from wealth that has been passed down from a previous generation.
The wealth gap is a major part of what keeps those in the black community from being able to compete at the same level as whites economically. Dr. Anderson discusses the role that integration played in eliminating wealth for black families and what must change for black children to be able to come into the world with the same opportunities for success as white children.