Ep: 228 - Private Equity Is Killing America

Black Wealth Renaissance

Business

4.8 • 1.1K Ratings

🗓️ 2 April 2025

⏱️ 102 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Blackwell Renaissance Podcast, hosts David and Jalen dive into crucial topics affecting America today. They discuss the power of taking imperfect action in entrepreneurship, explore the impact of AI technology (especially ChatGPT) on the graphic design industry, and analyze Mississippi's plan to eliminate state income tax as a strategy to attract businesses. The hosts also explore the controversial role of private equity in driving market consolidation and its damaging effects on small businesses, housing, and workers. The conversation highlights the growing problem of wealth inequality and how private equity firms operate with little oversight. The episode also touches on Mississippi's healthcare crisis, the legacy of George Foreman, Trump’s executive order on historical narratives, and Coach Prime’s groundbreaking $54 million contract with Colorado University. This episode is packed with insightful discussions on entrepreneurship, finance, social issues, and sports. Key Points 00:18 - The Importance of Imperfect Action in Entrepreneurship 02:35 - AI's Impact on Graphic Design: ChatGPT's New Image Generator 19:28 - Mississippi Is Eliminating State Income Tax 36:31 - Private Equity: Is It the Death of Capitalism? 59:41 - How Leverage Buyouts Hurt Businesses 01:18:46 - Rest In Power, George Foreman 01:25:33 - Trump’s Executive Order: Erasing Black History 01:34:32 - Coach Prime’s $54 Million Extension With Colorado University Get Life Insurance Today Leave Us A 5 Star Rating & Review ⭐️⭐️⭐️⭐️⭐️ | Subscribe for more great episodes | Follow us on all social media platforms Keep Up With the Hosts David Bellard https://instagram.com/david_bellard https://twitter.com/daviddagoliath_ Jalen Clark https://instagram.com/_jclark06 https://twitter.com/jefeklap Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I wake up, hit a hundred push-ups, then I'm at my route.
0:03.5	Check on my stocks, see how they looking, then I'm sliding out. When you start seeing your progression, you stop having doubts. And what's the point I have a cloud? You can't cash it out. True to this game, and I'm a life, hey. Feel like we fin to change the cycle, eh. Was I'm with it, wealthy people. welcome back to another amazing installment of your favorite show the blackwell for
0:05.4	the sounds like you know you're in a song spreece. Hey. Was I'm with it wealthy people. Welcome back to another amazing installment of your favorite show, the Black Welfare Endicants podcast. It's your boy, your man's David Bellard. I'm here with my brother from another. Jalen. What's I am with you? What's up with it, my brother? It's your boy, Jalen, man. I cannot complain, dog.
0:37.6	I'm doing great, feeling amazing.
0:39.5	Like you said, feeling blacktastic.
0:41.7	Happy to be back recording.
0:44.6	Man, I just love being able to create the pie, dog.
0:48.7	It feels so good to be back in this thing consistently.
0:51.9	I know it's not where we want to be.
0:53.7	We'd much rather be live. We'd much rather be in the same room. But it just feels good just to be doing this every week, dog. So I'm feeling amazing. Hey, I'm right there with you, bro. It's like, you know, at one point, a lot of times on these journeys, our entrepreneurial journeys, we can get in our own way
1:11.0	to the top.
1:12.3	I'm sorry.
1:13.2	I was trying to pause to upload.
1:14.9	This nigga here.
1:18.6	Hey, we're testing out a new streaming service.
1:21.6	We're trying to get better quality for y'all.
1:23.4	But like, again, again, to the point that I was making, though, right?
1:25.5	A lot of times on this entrepreneurial journey, we start making excuses and start saying, oh, if it's not perfect, if it's not to this standard, we won't do it. But a lot of times what we really just need to do is take action. Imperfect action is better than being a perfectionist. Shout out to Andre Hatcher. Brother, Dre taught us that a long time ago.
1:46.0	And sometimes you just got to internalize lessons the hard way, man.
1:50.0	So we apologize for our absence, but again, we back, we better.
1:55.0	I am enthralled about our opportunity to continue to curate conversations for the culture that moves us forward,
2:01.9	especially in the aspects of wealth building.
	...

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