Bigs Quote by Louis O. Kelso
“The schemes to set up blacks in cleaning stores, gas stations, hamburger stands and fried-chicken franchises, all the low-profit, low-capital enterprises, will rivet the Black man to the least remunerative section of the economy forever. The best such prospects offer are the dissatisfactions of blue-collar life. The big money ain't in pumping rationed gas in an Amoco station leased in your very own name, but in having stock in Exxon.”
About This Quote
Source Book: The New Capitalism, 1975
Economic segregation confines Black workers to low‑pay jobs; true wealth lies in ownership, not low‑skill labor.
In simple terms: Ownership, not low‑skill work, builds wealth.
Key Takeaway
Promote equity ownership opportunities.
Themes
economics
racial inequality
wealth building
entrepreneurship
Mood
critical
analytical
Type
economic
sociopolitical
When to use this quote
- small business ownership
- stock options for minorities
- community investment funds
Key Concepts
capital ownership
systemic barriers
economic mobility
Questions to Reflect On
- What policies can facilitate minority stock ownership?
- How can communities overcome capital access barriers?
A Different Perspective
Changing ownership structures faces legal and financial hurdles.
![“The only regret I have in my career, is my managers wanted a big payday, and I wanted four or five more fights before going in with [Larry] Holmes. That would have made all the difference.” quote by Gerry Cooney](https://sms4smile.com/quotes/img-quotes/d63/gerry-cooney-20863_bigs_the-only-regret-i-have-in-my-career-is-m_1534.jpg)
