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Covington is sharing his knowledge with the African American community
through his newly released book, From Civil Rights to Silver
Rights. Covington traces the challenges faced by African Americans
through the 19th and 20th centuries into the present –
analyzing the transition from the fight for civil rights to the pursuit of
opportunities for to acquire wealth.
The book acknowledges the gains of the Civil Rights
movement while demonstrating the need to look further – to Silver Rights.
From Civil Rights to Silver Rights demonstrates that “the single most
important challenge facing African Americans in the 21st Century
is wealth acquisition.”
We Need An Economic Movement
He calls on us to create an Economic Movement and state that in each
of the past two centuries, African Americans faced “dominant challenges.”
We were able to overcome these challenges through major movements guided by
faithful, competent and unrelenting leaders. This 21st Century is
no different; it too brings with it a “Dominant Challenge”. But that
challenge is not Civil Rights. That battle was won, finally, in the 20th
Century. The new issue is Silver Rights (Wealth Acquisition) and, as African
Americans did in the last two centuries, we must meet the dominant challenge
of this century head-on with an Economic Movement.
Leadership
the book calls for an awaken of the new leaders of this generation to take
on their historic responsibility and charge them with the task of launching
this 21st Century Movement for Silver Rights. At the center of
this new leadership are members of the emerging black business class,
primarily those high-level managers whose business knowledge and expertise
gained in Corporate America give them the best chance for entrepreneurial
success, and economic success for us all, in this Silver Rights Movement.
It encourages us to
applaud the efforts and contributions of
current members of the Congressional Black Caucus and countless other local
and state leaders born out of the Civil Rights struggle. But challenge those
engaged in Silver Rights issues to help them understand that their
historical status as effective leaders of the Civil Rights era does not
necessarily qualify them for 21st Century leadership.
Covington suggests that,
with few exceptions, these leaders are simply not prepared to deal with this
new economic challenge. They, for the most part, represent 20th
Century ideals and have not recognized that the struggle of the 21st
Century is that of building wealth. Simply put, they have not
demonstrated that they have the vision, insight, or capability to develop
the wealth acquisition strategies
necessary for African Americans to overcome the challenges they will face in
the 21st century.
Black Business Class
The book stresses the important of creating a strong black
business class, because a viable black business class is the engine for
community reinvestment and ultimately, Centers of Wealth. It is the
principle component for establishing and retaining capital within a
community.
Circle of Wealth Concept
The Circle of Wealth concept is introduced by Covington as an instrument for
fostering an Economic Movement for African Americans with the ultimate
objective of building wealth in our community to aide in solving the
multitude of systemic problems facing our communities.
The Circle of Wealth is a
derivative of the old African Proverb, “It takes a whole village to raise a
child.” To grow an economy will take many different components of the
African American “village” or community, components that we control or
influence. The Circle of Wealth
principle encompasses seven core components that form the foundation for
driving the process of wealth creation in the African American community.
They are: Messengers, Agitators, Primers, Partners,
Leaders, Supporters and
Drivers.
COBE (Creating Opportunities for Black
Enterprises)
Lastly, the book offers solid wealth acquisition business
opportunities as well as tools and resources needed to ensure business
success through the COBE (Creating Opportunities for Black Enterprises)
business organization.
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