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How Capitalism Profits from Racism

If Marxist professor RD Wolff is correct when he claims, "(c)apitalism's supporter use and benefit from a racism whose practice and consequences should be blamed on capitalism itself," then it follows "(r)acism persists in no small part because its benefits to capitalism outweigh its costs."

http://www.democracyatwork.info/how_capitalism_and_racism_support_each_other

"We know how and why racism worked often to support slavery around the world and especially in the early United States. Masters endorsed and promoted ideas that justified slaves as subordinated because they were an inferior race. Racist ideology also sometimes supported feudalism by dividing lords and serfs into different races. Indeed, some early capitalist systems likewise racially distinguished employers from employees..."

"Certain population groups -- conceived as races -- were deemed underdeveloped, incapable, irrational and/or psychologically disqualified in relation to capitalism's productive rigors. Such presumed inferiority was then offered as an explanation for why people of some races were rarely employers and, among employees, were those last hired and first fired, poorly paid, ghettoized etc."

No one claims capitalism is the only cause or source of US racism, but ignoring or minimizing its role only perpetuates its existence in the "free" world.
You should prolly wear that helmet all the time. Just in case you hit your head again.
 

Craig

Senator
Supporting Member
Just great. Progressives want to reduce us to hunter/gatherers.

Of course collectivism never worked once a tribe/community discovered farming (Agriculture).
It's merely a historical observation. We began as family groups, many isolated in valleys.
 

worldlymrb

Revenge
Opinions from partisans are, exactly, just that.
Opinions/Facts are all in the eye of the beholder.

Example:

If the FACT was...... a stock market up +300% in less than a year

and...

Low income workers saw their income rise +30% because of a increase in the state minimum wage law

One could argue that such facts is proof that "any talk of a economic decline is political hot air and is peddling fiction"..... Right?

However, what if all the facts above really are facts, but the reality was this <link>???
 

Craig

Senator
Supporting Member

worldlymrb

Revenge
Venezuela?
Is it not a fact the Venezuela stock market is up +300% in less than a year?

Is it not a fact the working poor just saw their income rise by 30%

Based on those facts, you could have a snake salesman/or president proclaim the above facts as PROOF things are getting better and call out anyone who says otherwise a NaySayer peddling fiction.

http://www.bloomberg.com/news/articles/2015-10-16/venezuela-raises-minimum-wage-30-it-s-still-only-13-a-month

The same thing is happening here in USSA. Only we are not in the final stages of collapse yet as Venezuela is.
 

Craig

Senator
Supporting Member
Is it not a fact the Venezuela stock market is up +300% in less than a year?

Is it not a fact the working poor just saw their income rise by 30%

Based on those facts, you could have a snake salesman/or president proclaim the above facts as PROOF things are getting better and call out anyone who says otherwise a NaySayer peddling fiction.

http://www.bloomberg.com/news/articles/2015-10-16/venezuela-raises-minimum-wage-30-it-s-still-only-13-a-month

The same thing is happening here in USSA. Only we are not in the final stages of collapse yet as Venezuela is.
The comment that raised your ire:

Opinions from partisans are, exactly, just that.

That simple nugget of truth has brought you to screeds about Venezuela and facts.

$13 a month...
 

worldlymrb

Revenge
The comment that raised your ire:

Opinions from partisans are, exactly, just that.

That simple nugget of truth has brought you to screeds about Venezuela and facts.

$13 a month...

What I actually exposed was a hidden truth.

Despite the "fact" a Stock Market was up +300% in less than a year and the working poor saw their income rise by 30%, all that was not the result of anything good or was it creating anything good. The reality was, despite the facts listed above, the stock market was LOSING VALUE and the working poor wages was LOSING VALUE.

But if one wanted to live outside reality, they could just keep telling themselves Stocks Up! Wages Up! Everything is wonderful and any naysayer is peddling fiction.
 
You should prolly wear that helmet all the time. Just in case you hit your head again.

"Last week, The Economist‘s controversial review of Edward Baptist’s The Half Has Never Been Told: Slavery and the Making of American Capitalism sparked intense outrage due to the clear racism dripping from every word.

"The unnamed writer, who probably had 'Dixie' playing softly in the background as he typed, took umbrage at Baptist’s assertion that the kidnapping and enslavement of Africans was the bloody foundation of capitalism in the United States. Instead, he opines, we should look at the bright side..."
http://www.huffingtonpost.com/kirsten-west-savali/you-cant-have-capitalism-_b_5809628.html
 

Spamature

President
As usual, you have it ass backwards and here is why.

Racist capitalist will lose money as they refuse to service selected consumers. Reality is, there are very few racist capitalist as they are not concerned about a persons skin color, rather than the content of a their wallet.

It is Governments & Democrats who profit from racism.
Then why weren't businessmen in the South up in arms about segregation and loss of income by not being able to service all the people who had money to spend ? No doubt with their control over commerce they had the power influence to outright end the practice ?
 

worldlymrb

Revenge
Then why weren't businessmen in the South up in arms about segregation and loss of income by not being able to service all the people who had money to spend ? No doubt with their control over commerce they had the power influence to outright end the practice ?
It was Northern capitalist greed that freed the slaves so they could become consumers. After all, most of the capitalist up north were industrialist who produced consumer goods.
 

Craig

Senator
Supporting Member
Because you didn't look for it:

http://www.ancient.eu/trade/
TRADE.

I'm not seeing the collection of capital and the rise of private industry in the trade of flint for obsidian. Does a part of something mean that that part IS that something?

Your fun little article notes 3000BC. Then, it notes nations. Did these nations have governments? Was there a King or a Dictator in place in Sumer and Phoenicia? How about Rome? Did they have Government?

Whoever these people were, they had already moved from a hunter-gatherer society to an agrarian one prior to 5000 BCE.
 

Lukey

Senator
TRADE.

I'm not seeing the collection of capital and the rise of private industry in the trade of flint for obsidian. Does a part of something mean that that part IS that something?

Your fun little article notes 3000BC. Then, it notes nations. Did these nations have governments? Was there a King or a Dictator in place in Sumer and Phoenicia? How about Rome? Did they have Government?

Whoever these people were, they had already moved from a hunter-gatherer society to an agrarian one prior to 5000 BCE.
Trade, or commerce = markets = capitalism. It's how you RAISE capital (in the absence of collectivism). These were NOT collectivist systems. If they did have any kind of leadership, it certainly didn't immerse itself in every aspect of commerce.
 

Craig

Senator
Supporting Member
Trade, or commerce = markets = capitalism. It's how you RAISE capital (in the absence of collectivism). These were NOT collectivist systems. If they did have any kind of leadership, it certainly didn't immerse itself in every aspect of commerce.
Do socialist and dictatorial economies trade?
 

Lukey

Senator
Do socialist and dictatorial economies trade?
Yes, but there's no evidence this early trade was done in a collectivist fashion (either shared or confiscated profits). Like I said, in the absence of collectivism, commerce is what gives rise to capital formation. Unless you believe money grows on trees.
 
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