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It Is Finally Here!!

 

The Paradigm Shift

African America Has Been Waiting For..For Over 100 Years!!

 
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The Real Economic Salvation

for african america

                                                             is

New Age Capitalism

New Age Corporations & New Age Thinking

 

That Are Based On Otis Harrison’s Innovative Economic Development Concept

 

By:

 

George M. Sistrunk

2015-2016 by George M. Sistrunk.. All Rights Reserved.

 

A similar discussion and outline was presented to the highly esteemed

Mr. John H. Yow – Administrator for the City of Orangeburg on

September 9, 2015 at 2:00 p.m. EDST.

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new age

capitalism, corporations & thinking

 

Subject Matter For This Discussion & Presentation  

 

How New Age Capitalism, its mandated New Age Corporations and its by-product New Age Thinking that is multi-dimensional in nature will benefit the Black Community. (Note:  The same is true for the State of South Carolina, America in particular and the world in general.)

  

Table of Contents

 

Content                                                                                                      Page Number/s 

 

New Age Capitalism & New Age Corporations.................................................................1

 

Benefits of New Age Capitalism for the Black Community............................................2-3

 

Benefits of New Age Corporations for Orangeburg & Elsewhere.................................3-5

 

Responsibility of the Black Community................................................................................6

 

For Your Information

 

As African Americans, it is in our best interest to start saving our money now; at least $500.00-$800.00, so all of us can collectively fund, build and own as many community based New Age Corporations as possible, as fast as possible and acquire as many income producing assets as soon as possible. If not for ourselves, then for our children and their future.

 

Black America’s lack of knowledge relative to capitalizing corporations are astronomically high. The $500.00-$800.00 savings that is stated above is the minimum amount needed for a person to participate in the process as a 1244 Stock Holder or a participant in an Asset Acquisition program so that he/she can be transitioned into a shareholder/owner of a New Age Corporation. Program participation is a unique requirement that only exists in Black America. Dollar amounts to participate in other communities might be higher or lower depending on the demographics.

 

Regulation D’s Rules 504, 505 and 506, effectively bar over 99% of America’s Black population from participating at the Founders level in a corporate enterprise. Due to the unique character and state of Black America’s economic situation, a unique educational process and system must be utilized first before an individual can be accepted as a shareholder/owner. This is not a requirement for accredited investors under current security laws.

 

In the United States, for individuals to be considered an accredited investors, they must have a net worth of at least one million US dollars, not including the value of their primary residence or have income of at least $200,000 each year for the last two years (or $300,000 together with their spouse if married).

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1

How New Age Capitalism, New Age Corporations &

New Age Thinking Will Benefit Orangeburg’s Black Community

 

            A similar outline was prepared and presented to the highly esteemed, John H. Yow, City Administrator for Orangeburg, South Carolina on September 9, 2015. On February 2, 2016, this presentation and discussion was updated to focus more specifically on the Black Community.

 

I.       New Age Capitalism & New Age Corporations

 

What is New Age Capitalism? New Age Capitalism is a capitalization or funding model that is based on Otis Harrison’s concept of many paying a little to fund or capitalize a corporate enterprise in which those that put up the money collectively own the corporation and its assets rather than a small group or a few individuals. A Board of Directors works for those that put up the money – the owners – the shareholders - the Black community or an entire city.

 

Who created and developed the New Age Capitalistic concept?  New Capitalism was created by Otis Harrison and developed by George M. Sistrunk; both men are from Orangeburg  South Carolina. The term, New Age Capitalism describes “many paying a little” and was coined by George M. Sistrunk on May 13, 2015.

 

What is a New Age Corporation? A New Age Corporation is a legal corporate entity that is established pursuant to law that is based on community ownership and control of the corporation and the 7 principles of New Age Capitalism that are as follows.

 

1.         There must be a genuine potential for profit or gain.

2.         The upside profit or gain must be high.

3.         The downside risk must be low.

4.         A profit or gain must be based on sound moral principles.

5.         A profit or gain must be based on sound ethical principles.

6.         There must be tangible or intangible benefits for all involved. Finally,

7.         There must be tangible or intangible benefits for others; especially, the owners – the shareholders, i.e., the Black community.

 

            Therefore, the primary purpose, goal and/or objective of a New Age Corporation’s Phase  I - Acquisition program is to acquire businesses at reasonable market prices that can provide immediate benefits to the owners/shareholders, i.e., restaurants, grocery stores, clothing stores, gasoline stations, convenience stores, jewelry stores, shoe stores, appliance stores, automotive service centers, etc. Owners/shareholders purchase items from their own stores at cost and eat out at cost.

 

Therefore, revitalizing a downtown area is virtually assured because businesses acquired by a community owned and operated New Age Corporation are based on diversification and not consolidation. This means the department store business model is done away with. Jewelry stores sell jewelry, not belts, scarves and handkerchiefs. This means more business owners or managers and more variety in each store relative to the merchandise and/or inventory being sold.  

 

As a direct result of buying at cost, community owned New Age Corporations basically cycle inventory. This aids and drives the overall economy. Instead of buying a little, buying at cost, basically allows owners/shareholders to purchase what they need when they shop. Naturally, all stores and businesses are opened to the general public. However, shoppers from the general public must pay retail prices for any item purchased and/or for services used.

2

 

II.       Benefits of New Age Capitalism for the Black Community

 

The major benefit of New Age Capitalism, its mandated New Age Corporations and its by-product New Age Thinking is this: They effectively end the mythology that is rampant in the Black community. That mythology is simply this: Huge segments of America’s Black population; including many in Orangeburg, really believe it is White America’s responsibility to provide them with everything from education to transportation, healthcare to welfare to daycare for their children, self-esteem and everything else in between while they sit home, watch TV, sell illegal drugs, engage in other forms of criminal activity and/or counter productive behavior, rob or pillage or do virtually nothing to help themselves, improve themselves or develop themselves. These con-cepts also neutralize the crippling effects of radical individualism that stymies group solidarity.

 

The social and economic cost of maintaining such a dysfunctional system of public assistance is staggering and dangerous to law enforcement, the people that are promoting it and to those directly benefitting from it. The Reason: No one will ever know when this criminally inclined culture will turn on the promoters that made the programs possible when they leave their gated communities or suburban homes. No one will ever know when this same criminally inclined culture will start victimizing recipients in the community that are being supported by the same public assistant programs that are sustaining the criminally inclined. Let’s review some irrefutable facts.

 

            Irrefutable Fact #1: For over 700 years, Black people have been brutalized, demoralized, enslaved, butchered, murdered, massacred, hung from trees and forced to watch in horror as  babies were killed in the womb of their mothers. Black people were also forced to live under the psychologically devastating impact of the Democratic Party’s Jim Crow Laws. After these hor-rors, Black people were relegated to second class citizenship, menial jobs, denigrated, humiliated and imprisoned in poverty stricken enclaves or ghettoes all over this planet. Anyone can Google these topics or the subject matter online for additional verification of the aforementioned facts.

 

             Irrefutable Fact #2: In 1948; primarily, Christian Europe, and in the 1960s, Christian America, decided to do something to compensate for past horrors inflicted on indigenous peoples as a result of colonialism, war, the need for natural resources and just plain barbarism by so called civilized Europeans and Englishmen. Internationally, in 1948, Universal Human Rights were adopted by the United Nations General Assembly. Starting in the 1960s, Civil Rights and Voting Rights were instituted in the United States; along with Affirmative Action and Equal Employment Opportunity. Legal structures were put in place to enforce these new mandates. Therefore, for this effort to rectify the White community’s past abuses, Black Americans should have organized themselves accordingly to take advantage of it. Instead of creating, developing and building cohesive infrastructures for long term growth, demands on the White community became even more outrageous. Hollering racism has now become a national past time for many.

 

Irrefutable Fact #3: One need only to examine America’s major inner cities to verify the undeniable fact; that instead of improving ourselves over this 67 year plus period, millions of Black people, worldwide, have actually gotten worst. And... this is after the White community has spent trillions of dollars in undeclared reparations and/or retributions that they placed on themselves to fund all kinds of programs to facilitate improvement of the Black community. Why have all these efforts at improvement in every conceivable category failed the vast majority? The Reason:  No independent economic system was ever developed or positioned to maintain it.

3

 

New Age Capitalism, its mandated New Age Corporations and its by-product New Age Thinking are self-sustaining systems that should have been instituted in the 1970s. New Age Capitalism is the first ever and only workable economic development concept ever devised by Black Americans for Black Americans. Not even Marcus Garvey’s Universal Negro Improvement Association of the early 1900s can equal it. It requires no government subsidies, no government set asides, no special legislation and no political pandering. All it requires is a level playing field and for the Black community to take advantage of it and utilize its principles.

 

III.    Benefits of New Age Corporations for Orangeburg & Elsewhere

 

The most important benefit to Orangeburg and elsewhere is a community owned New Age Corporation is not a profit driven enterprise, it is benefits driven. Therefore, Phase II Acquisition programs will benefit Orangeburg and any other town, or city. Phase II Acquisition is committed to acquiring abandoned properties. This effectively ends blight. Properties are acquired to hold for value not profit. The taxes paid on the properties is a source of revenue for the county and/or city. Therefore, abandoned office buildings, retail stores, factories & plants do not have to decay, they can be converted, renovated or demolished.
Beyond Orangeburg and in other countries, a community owned New Age Corporation is resource driven. This effectively ends the need for hydroelectric plants in third world countries; especially in Africa, the primary continent from which the overwhelming majority of Black people in America are descendents of the indigenous population. Solar, wind, geothermal and zero point energy are plentiful in Africa and in many countries at, near or below the equator. This allows community owned New Age Corporations to build clean energy facilities to power plants, factories, distribution hubs and provide electrical energy to millions at pennies on the dollar.  

A community owned New Age Corporation provides real hope and genuine opportunity for African American young adults; especially in technology driven industries, the sciences and engineering. These new developments within a predominantly minority community are undeclared and unwritten incentives for young adults to stay in school, learn while in school and continue educating themselves once they leave Orangeburg High, S.C. State and Claflin behind. A community owned New Age Corporation will always need cutting edge technology for communication with owners, for meetings, conferences, training and for educational purposes.

 

New Age Corporations can drive economic performance. This is the first time in South Carolina’s history that Black people can drive productivity and economic development at all levels of society. This is also the first time in South Carolina’s history that Black people are creating meaningful career opportunities in corporate America, rather than standing in line, with hat in hand, hoping for an opportunity to work in a White owned and controlled corporate enterprise. In addition, Black MBAs can gain real experience operating a corporation, rather than, soliciting White corporations to support and maintain their MBA, nonprofit organization, i.e., the NBMBAA.

 

Community owned New Age Corporations also enhance and support local economies. As already stated in the last paragraph, on page 1, New Age Corporations cycle inventory at cost to owner/shareholders, rather than seek profits. This allows New Age Corporations to revitalize downtown areas with businesses that cater to the needs of owners. Like the jewelry store example, our clothing stores do not have to sell shoes, handbags or perfumes. This expands the need for retail space for additional specialty stores that can meet the buying needs of owners.

4

 

            Community based and owned New Age Corporations effectively neutralize and lower demands for government sponsored services. Welfare and unemployment rolls in local communi-ties can be lowered because of the need for qualified personnel for maintenance, renovation, demo-lition (if needed) and to operate stores, manage LLCs, distribution centers and warehouses, just to name a few. Wherever a New Age Corporation establishes a headquarters, the corporation will need executives, staff, maintenance personnel, managers and employees.

 

            A New Age Corporation that is owned, managed and operated by the Black community can effectively lower the crime rate. The Reason: Whenever a community owns the businesses, shops and stores, the children of the owners are also owners of the stores, shops and businesses. Therefore, rather than breaking and entering and robbing, they will be the ones protecting their assets. In addition, towns and cities will not have to pay for this policing. Corporate owners have a legitimate right to safeguard and protect their income producing or money saving assets. Consequently, looting, rioting and burning are effectively eliminated and racial tensions lowered to manageable levels.

 

Community owned and controlled New Age Corporations will effectively reduce excess inventory and unused office space. Excess inventory can be sold or leased; as well as, unused office space. This will generate revenue for the city, rather than cost the city money in maintenance.

            A community owned New Age Corporation effectively neutralizes and reverses all the negative trends that  have been festering in the Black community for over 50 years that are detri-mental, debilitating and unproductive. The brilliance of New Age Corporations is the guidance and direction of a multi-million dollar C corporation is placed in the hands of ordinary people, many of whom will have no business experience. Therefore, the mere fact, that they collectively own the corporation, forces potential owners to study and learn about corporations, the laws governing corporate activities and the responsibilities of owners and their Board of Directors.

 

            Irrefutable Fact #4: Currently; in 2016 and for 400 years prior to 2016, African Ameri-cans as a collective ethnic group, own no major banks, industries, distribution facilities, factories or plants, no research and development facilities, companies or corporations, no competitive financial institutions, no competitive technology companies or corporations and no major com-panies involved in discovering new natural resources or raw material/s for industrial develop-ment or for maintaining a technologically oriented  and advanced modern, post industrial, and/or industrial society, country or civilization. All this can change in a relatively short period of time, by saving money individually and pooling those resources collectively to capitalize corporate enterprises that are competitive. This cannot be done by a nonprofit organizational structure.

 

A community owned New Age Corporation effectively eliminates the need for Black people to blame White people or our slave heritage for our collective failure to own corporate enterprises. The blame game is unproductive, self-limiting and intellectually destructive. A com-munity owned New Age Corporation can mobilize financial resources on a massive scale, at competitive levels and economically and politically empower the entire Black community in Orangeburg; as well as in the entire State for the first time in our history in South Carolina.

 

All community owned New Age Corporations use existing laws that have been here since 1933 and the financial resources that currently exist within the Black community. In 2014, 507 billion dollars flowed into and out of the hands of Black Americans. This waste must end.

5

 

New Age Capitalism, its mandated New Age Corporations and its by-product New Age Thinking can trace their roots to the first Million Man March of 1995. The problem in the Black community in Orangeburg and everywhere else in America is not a lack of resources, it is massive mismanagement of available resources, inept leadership, misguided alliances, unpro-ductive and detrimental philosophical belief systems and a persistent lack of vision. Based on the verifiable fact that Black America spent 507 billion in 2014 with virtually nothing spent on asset acquisition; if properly managed, 100 or more New Age Corporations can be fully funded and operational in a single year after startup by using New Age Capitalism, its mandated community owned and controlled New Age Corporations and its by-product New Age Thinking.

 

Marching in the streets of America for more government programs for Black America is a waste of time. America is already heavily in debt. More government programs will increase the ignorance levels and dependency of Black America on government and will not solve Black America’s economic woes. In fact, more government dependency will slowly but surely hasten the demise of what is left of America’s predominately Black communities, including the Black community in Orangeburg. Rioting, looting and burning down the only businesses in the Black community are unproductive, destructive, self-defeating, damaging economically and barbaric.

 

Rather than participate in more ineffective Million Man Marches and other public demon-strations, it is far better and wiser for America’s Black population to have thousands or millions of shareholders owning their own New Age Corporations. The bravery and courage of the Black community in Orangeburg must be duplicated over and over and become the standard for corporate growth and development in Black America, rather than the exception. Rioting, looting, burning and millions of African Americans perpetually living on government programs will eventually lead to a backlash with devastating and perhaps violent and/or deadly consequences.

 

Unlike Black Capitalism that is a myth, a sophisticated welfare program and a pipe dream because there is no genuine infrastructure to support it or sustain it and there is no real political incentive to subsidize failing Black owned enterprises....a New Age Corporation is not a myth or a pipe dream. Funding for a New Age Corporation is based on verifiable African American economic reality and not on any “I have dream.” What little financial resources that exist in the Black community in Orangeburg can best be utilized by combining them for asset acquisition by a community owned and operated New Age Corporation. By doing this, the corporation will have the financial capacity to acquire assets in any competitive market environment from which, the Black community in Orangeburg, as a collective entity, can realize benefits or profits.

 

As financial resources grow from income producing assets from around the world, mean-ingful investments can now be made in our communities or in any other community, in which, rejuvenation and/or renovation can produce a potential for continued growth and development. With a community growing, instead of deteriorating and dying, the infrastructure to sustain long term viability can be firmly established. This facilitates the circulation of money within Orange-burg’s Black community, rather than out of it. The longer money circulates within a community the stronger and more viable that community becomes. I am sure anyone in Orangeburg with reasonable intelligence can readily see the difference a community based, owned and controlled New Age Corporation can make and will make in the lives of America’s Black population, in Orangeburg, South Carolina, anywhere else in the state or anywhere else in the country.

6

 

IV.     Responsibility of the Black Community

 

            Orangeburg, South Carolina is the birthplace of New Age Capitalism and its mandated New Age Corporations that are collectively owned by the people. Therefore, it is the duty and responsibility of the Black community to examine this philosophy, monitor it and help it grow and survive, then individually or collectively write the books and manuals for its oversight and governance. New Age Capitalism and its mandated New Age Corporations exist nowhere else on earth and there are no schools, colleges or associations that can teach its principles.  Therefore, the world must come to Orangeburg to learn about it and from Orangeburg the concept can be transplanted anywhere else in the State of South Carolina, America and the world; to empower predominantly Black communities; especially, in the Caribbean, England, Europe and Africa.

 

            The logistics of community owned New Age Corporations are staggering and costly; especially, in ink and paper. This is the primary reason why a New Age Corporation is depen-dent on technology and drives technology to higher levels of capability and competence. 100,000 active owners must know what their Board is doing. In addition to voting power, collective owner-ship also means a unified system of management and governance that must be developed and implemented. The Black community and its leaders in Orangeburg can provide class room space for training and teaching; as well as establish, a liaison between local government officials, agen-cies, supportive organizations and the Board of the New Age Corporation.

 

            With growth potential to 100,000 to 200,000 active owners for every New Age Corpora-tion, an entire city must be built to house them, a domed meeting facility that can seat 200,000 people must also be built and an international airport to land the jetliners just to hold the annual shareholder’s meeting. The number of jobs created just to manage the city is also considerable. Since South Carolina is the birthing state of this revolutionary concept, it makes sense to build the city and the facilities in South Carolina. Naturally, the world’s first New Age Corporation will erect the cellular towers that are needed for communication. After all, this is already written as a Phase III development and/or acquisition project. 

 

            Everything relative to New Age Capitalism and its mandated New Age Corporations must be written as it is implemented, tested, proven, refined and developed. New Age Capitalism is a major Paradigm Shift in Black-White relations that cannot and will not erase past atrocities. However, the possibility now exists that such atrocities will never be repeated. It is time Black America burn the bridges of the past and march boldly into the future with the other races and ethnic groups living on this planet and replace obsolete linear thinking with New Age Thinking that is multi-dimensional in its nature, conceptualizations and precepts .

 

The Black community in a small rural town like Orangeburg South Carolina now has in its possession the most sophisticated economic development strategy ever devised by Black Americans; i.e., Otis Harrison and George M. Sistrunk. Therefore, working together, the Black community in this town and this state can lead the way to a future that was unthinkable just 5 years ago. There is an entire universe to be explored and developed. It is about time all of us, working together for the first time in the history of planet earth, be about the business of preparing ourselves to explore it and develop it. To learn more about Orangeburg’s New Age Corporation call 803-534-6727 for preincorporation information or a preincorporation information packet.

Thank you:                                                                                               George M. Sistrunk
 
2015-2016 by George M. Sistrunk. All Rights Reserved.

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2015 - George M. Sistrunk - All Rights Reserved. 

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