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Capitalism Archives - Institute of the Black World 21st Century

Donald Trump

How Fascism Has Converged With Capitalism to Redefine Government

By Commentaries/Opinions

By Richard D. Wolff — The looming election has brought forward intensifying debates over a capitalism in crisis, rising nationalism and state power, and the possibility of a renewed fascism. Polarized politics and ideologies alongside long-accumulated social problems and movements shape the objects and tones of debate. Can fascism happen here; is it underway? Or can current capitalism avoid a return to fascism? Such questions reflect the high stakes of the election and this moment in history. Should the state—the…

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Nancy Pelosi

An open letter to Speaker Nancy Pelosi demanding the passing of HR-40 and calls for a day of action

By Vantage Point Articles

Why We Can’t Wait: Pass HR-40 Now! Vantage Point Articles & Essays By Dr. Ron Daniels Madame Speaker, with a Democratic Majority in the House of Representatives and one of the most consequential elections in the history of this nation slated to occur in a few weeks, it’s time to send a powerful sign to Black voters that Black Lives Matter by passing HR-40 now! 2020 marks thirty-one years since the…

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Dr. Ron Daniels and Ronald W. Galvin, Jr.

Repaying the debt owed to Black people requires a democratic and reparative economy

By Commentaries/Opinions, Reparations

The entire racial capitalist system that extracts labor and blood from Black lives must go. By Dr. Ron Daniels and Rev. Ronald Galvin — America owes Black folks. The modern-day prophet Ta-Nahesi Coates, drawing on the wisdom and generations-old fight of Black freedom fighters such as Mother Callie House, James Forman, Randall Robinson, and the Malcolm X grassroots movement, cogently made the case in his seminal article, “The Case for…

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Cotton Picking Alabama

Capitalism, Slavery, and Power over Price

By Reparations

Q&A with Caitlin Rosenthal, Assistant Professor of History at the University of California, Berkeley. She is a historian of 18th and 19th century U.S. history with a focus on the development of management practices, especially those based on data analysis. Her first book, Accounting for Slavery: Masters and Management, was published by Harvard University Press in 2018. This Q&A explores her new article entitled, “Capitalism when Labor was Capital: Slavery, Power, and Price…

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A protester carrying a U.S. flag leads a chant during a Black Lives Matter march in Valley Stream, New York, July 13, 2020

As BLM Goes Global, It’s Building on Centuries of Black Internationalist Struggle

By Editors' Choice

By Brandon R. Byrd, World Politics Review — At approximately 8:19 p.m. on the evening of May 25, Derek Chauvin, a 19-year veteran of the Minneapolis Police Department, brought his weight down upon George Floyd’s neck. Floyd, a 46-year-old Black man, arrested for the alleged crime of using a counterfeit $20 bill, struggled for breath—for life—for more than five minutes. Lying prostrate on the hot concrete, his arms handcuffed behind…

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People march towards the Washington Monument at the Black Lives Matter protest in Washington DC 6/6/2020

Why racism is an essential tool for maintaining the capitalist order

By Editors' Choice

By Richard D. Wolff, Independent Media Institute — U.S. capitalism survived because it found a solution to the basic problem of its instability, its business cycles. Since capitalism never could end cyclical downturns and their awful effects, its survival required making those effects somehow socially tolerable. Systemic racism survived in the post-Civil War United States partly because it helped to achieve that tolerability. Capitalism provided conditions for the reproduction of…

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Commentary, Articles and Essays by Rev. Jesse Jackson

We Must Protect the Right to Vote in the November Elections

By Rev Jesse Jackson

The Republican Party is doing everything it can to suppress the vote in November. Why? They fear higher turnout, especially among people of color, will cost them the election. By Rev. Jesse L. Jackson — The coronavirus does not discriminate, but people do. The coronavirus is not partisan, but politicians are. When we should be coming together to address a shared crisis, some are intent on driving us apart and…

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Social Distancing = Communism: this is the ideological angle of Trump’s most belligerent storm-troopers.

Trump’s Zealots: White Supremacists and Evangelicals Gearing up for a New Civil War?

By Commentaries/Opinions, COVID-19 (Coronavirus)

Social Distancing = Communism: this is the ideological angle of Trump’s most belligerent storm-troopers. By: Gilbert Mercier — What the gun-toting, Trump 2020 and Confederate-flag waving Trump supporters have been organized and likely paid to do, is to make sure the U.S. goes back to work as soon as possible. Let us not be naive. If President Trump recently called on his adoring followers to “liberate” states like Michigan, Virginia, Maryland,…

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Rev. Jesse L. Jackson, Sr.

The Important Word in ‘Democratic Socialism’ Is ‘Democratic’

By Rev Jesse Jackson

By Rev. Jesse L. Jackson — After the Nevada caucuses, Bernie Sanders is now the front-runner in the Democratic presidential race. In South Carolina, the next primary, former Vice President Joe Biden is the favorite, buoyed by his support among African American voters. But Sanders will come into the state with real momentum, having won the popular vote in each of the first three contests. More importantly, in Nevada, Sanders…

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Sen. Elizabeth Warren

2020 will be a litmus test for capitalism

By Commentaries/Opinions

By Rana Foroohar, The Washington Post — The two most interesting questions in politics at the moment are whether Elizabeth Warren will be the Democratic candidate in 2020 and whether President Trump will still be around to duke it out with her. Neither is certain, of course, but Warren’s ascendance already guarantees that the 2020 election will come down, as elections often do, to a fight between old and new. Or, in this case,…

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