BLM is founded in Marxist ideology
(thepostmillennial.com)
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Well if you own a private business, marxists do not believe in private business ownership. If they had their way "the means of production would belong to the proletariat" or the (working class). Pretty big reason right there not to support.
The cause itself is moronic. It funds white politicians who have historically treated blacks like shit. But what would you expect from the party with historical ties to the KKK. Theres a reason even Malcolm X openly hated white liberals. Same thing applies today.