Skip to main content
Tag

Capitalism Archives - Institute of the Black World 21st Century

Charging Bull

If climate change is the symptom, capitalism is the problem

By Commentaries/Opinions

Our planet cannot handle an eternal growth model. We live in a finite system and capitalist innovation can only take us so far. Eventually we run out of resources. Climate appears to be the limit. By Samantha Fox, Common Dreams — Too often climate change is reduced to quantification of greenhouse glasses or melting ice caps. These indicators of climate change are important to verify the existence of the problem,…

Read More
Hospital Beds at the Jacob K. Javits Convention Center, 2020.

How capitalism made the world sick

By Editors' Choice

Rupa Marya and Raj Patel’s Inflamed argues that the human cost of our economic system is a key to understanding the health of the world. By Sarah Jones, The Nation — No one should pay for a coronavirus test. This is not a moral judgment but a statement of fact; the US government has decreed it so. Insurers are supposed to cover the tests, at no cost to the consumer….

Read More
Black Lives Matter protesters march

To end racial capitalism, we will need to take on the institution of policing

By Commentaries/Opinions

Activists who are working to defund the police are also part of a collective struggle to end neoliberal capitalism. By Henry A. Giroux, Truthout — The words “I can’t breathe” were not only uttered by Eric Garner and George Floyd as they were murdered by police. They were also uttered by over 70 others who died in law enforcement custody over the past decade after saying those same three words, according to…

Read More
Slaves on Edisto Island, South Carolina in 1862

Reparations would shake up American capitalism – and that’s a good thing

By Reparations

Paying compensation to the descendants of slaves would not just right a historic wrong, it would transform the US economy for the better. By Aaron White, openDemocracy — When I was a child, I used to visit my Viennese grandmother in the rent-controlled apartment on New York’s Upper West Side that she had been living in for nearly 50 years. I remember the intoxicating smells of sizzling schnitzel and her…

Read More
Students at Georgetown University protest

Colleges confront their links to slavery and wrestle with how to atone for past sins

By Reparations

By Calvin Schermerhorn — Colleges and universities across the U.S. have been taking a hard look at their ties to slavery. This isn’t an entirely new phenomenon. Back in 2006, Brown University published a report showing that the university – from its construction to its endowment – participated in and benefited from the slave trade and slavery. And since then, several other colleges and universities have disclosed their ties to the…

Read More
Slave Auction

Capitalism, Slavery, and Economic White Supremacy

By Editors' Choice

By Calvin Schermerhorn — What is at stake when we talk about the economics of North American slavery? Over the last 75+ years it has been whether capitalism superseded slavery or whether capitalism and slavery were co-constituted, capitalism to some extent relying on slavery. Part of that discussion has been theoretical and part hinges on whether the exploitation of African-descended Americans is an incidental or an essential part of the economies of English and…

Read More
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…

Read More
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…

Read More
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…

Read More
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…

Read More
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…

Read More
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…

Read More