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BLM Was Always Bankrupt
Regardless of its finances
According to reports, the Black Lives Matter Global Network Foundation is on the verge of bankruptcy. According to other accounts, Black Lives Matter has $30 million in assets and is not bankrupt.
BLM supporters had enough of the financial scandals. They indicated that they remained committed to the movement but not the organization. Many supporters, though, refuse to admit that the movement was intellectually bankrupt from the outset.
Since its inception in 2013, journalists have stated that BLM is the modern-day civil rights movement, yet BLM has never carried the mantle of civil rights. BLM adopted the political posture of Black Power.
In the mid-sixties, a new generation of black activists began demanding “Black Power” at a march in Mississippi. The Civil Rights Act of 1964 was passed two years prior, but the younger generation rejected their elders’ incremental politics in favor of empowerment by any means necessary. Black Power activists demanded an immediate end to “neocolonial” control of black communities, the circulation of “philosophies of blackness,” and reparations for slavery from “white capitalist America.”
MLK’s advisor, Bayard Rustin, warned everyone who asked him that Black Power not only had no practical value for the Civil Rights…