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Capitalism Archives - Page 2 of 4 - Institute of the Black World 21st Century

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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CRC - Prof. Verene Shepherd

Capitalism & Slavery: A Handbook for Reparation Advocates in the Post-Colonial Caribbean

By Reparations

Keynote speech by Prof. Verene Shepherd during symposium on reparations in Trinidad and Tobago on November 13, 2019. By Prof. Verene A. Shepherd Director, Centre for Reparation Research, The UWI Thank you Dr. Pemberton and good afternoon to everyone in this distinguished audience. Of course I must pay my respects to Prime Ms Erica Williams-Connell; Dean Cateau and her team of organizers; fellow presenters, reparation advocates, students, members of…

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The Rich Can’t Get Richer Forever, Can They?

The Rich Can’t Get Richer Forever, Can They?

By Commentaries/Opinions

Inequality comes in waves. The question is when this one will break. By Liaquat Ahamed, The New Yorker —  In 1831, Alexis de Tocqueville, at the age of twenty-five, was sent by France’s Ministry of Justice to study the American penal system. He spent ten months in the United States, dutifully visiting prisons and meeting hundreds of people, including President Andrew Jackson and his predecessor, John Quincy Adams. On his…

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People react as President Trump speaks to supporters at a rally on August 15, 2019, in Manchester, New Hampshire.

Henry A. Giroux: Neoliberal Capitalism Sets the Stage for Fascism

By Commentaries/Opinions

By Kelly Wilkins, Media For Us — We spoke with cultural critic and one of the founding theorists of critical pedagogy, Henry Giroux, about his latest book, The Terror of the Unforeseen, in which he warns that the economic tyranny of neoliberal capitalism and a culture of cruelty and objectification set the stage for Trump’s rise and the emergence of fascism. This interview has been edited for brevity and clarity. Media…

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JPMorgan Chase CEO Jamie Dimon, AT&T CEO Randall Stephenson and Boeing CEO Dennis Muilenberg speak during the Business Roundtable (BRT) CEO Innovation Summit in Washington, D.C., on December 6, 2018. Since its inception, BRT has been at the forefront of corporate resistance to pro-consumer, pro-union legislative efforts.

A Bunch of CEOs Want to Fix Capitalism. You Can’t Fix Anything Built on Slavery.

By Commentaries/Opinions, Reparations

By William Rivers Pitt, Truthout — Anyone who cracked open the business pages of the major papers on Monday morning was confronted by an avalanche of self-congratulation from the CEO caste and its idolaters. The Business Roundtable (BRT) — a large cohort of massive businesses that has been bending the economy to its will since 1972 — announced that it is “rewriting how it views the purpose of a corporation,” according to The Washington…

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City Buildings

How A Pot Shop And Bank Show Socialism In Action In Capitalist America

By Commentaries/Opinions

Public ownership may terrify some in the U.S. but these four enterprises show it’s already far more common than many people realize. By Teke Wiggin, Huffpost — Socialism is buzzing. Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.), two supporters of democratic socialism, are media stars. American millennials have a more positive view of socialism than capitalism. And President Donald Trump used his State of the Union speech to…

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A sign posted on a construction site says, "Danger Due to Capitalism."

Beware the Soft Hand of Capital

By Editors' Choice

Capitalism co-opts our best visions — through its soft hand, capital reforms its way out of crisis, putting forward more tolerable forms of exploitation. By Clara Mejia-Gamboa & Daniel Sullivan, Roar Magazine — These days, it seems customary to begin any political commentary with the laundry list of indicators of global decline: exploding wealth inequality, looming environmental collapse, and the resurgence of overt racial terror in far-right governments. We are…

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Buy Black and Bank Black: Movement in the US Gains International Attention

By Video/Audio

Atlanta, GA — The “Buy Black” movement draws the attention of a French news outlet. In this video you’ll hear from Killer Mike (Rapper, Activist), Dr. Boyce Watkins (Author, Economist), and Sharif Abdul Malik (Founder, WeBuyBlack) who withdraws money from Bank of America to deposit into a Black owned bank. This video was originally posted on France24.com, September 27, 2016 Also See:  Newark As Model City National Town Hall…

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