Relationship Between Race and Capitalism

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Relationship between Race and Capitalism

In the words of Malcolm X, “I believe that there will ultimately be a clash between the oppressed and those that do the oppressing. I believe that there will be a clash between those who want freedom, justice, and equality for everyone and those who want to continue the systems of exploitation... It is incorrect to classify the revolt of the Negro as simply a racial conflict of black against white, or as a purely American problem. Rather, we are today seeing a global rebellion of the oppressed against the oppressor, the exploited against the exploiter."

Racism is primarily rooted in the historical development of capitalist as a world system. This has been proven through several centuries to be a flexible and useful method for the possessing classes. Racism justified genocide and conquest, on which established the European colonial empires. Racism rationalized the slave trade, which spurred the primitive accumulation of capital needed for the industrial revolution.

The existence of racism may be explained in three ways. First, the dominant view in which is rarely expressed as theory but rather operates at the level of individual and societal assumptions, that racism is an irrational reaction to difference which cause some people with white skin to have problems to people with black skin which sometimes leads to violent actions. Individuals and groups who have this understanding of racism advocate education and awareness as a way of preventing racism. Next, racism is endemic in white society and the only solution is for people with color to organize themselves separately from whites in order to protect themselves and to defend their interests. Finally, racism based on a materialist perspective, in which views racism as a materially caused phenomenon. Racism as product of capitalism, grew out of early capitalist use of slaves for the plantations, it was consolidated to justify white and western domination of...
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