Introduction to Racial Capitalism
'There is no such thing as non-racial capitalism, all capitalism is racial.'
In short, racial capitalism conceptualises how the world made through racism shapes patterns of capitalist development. [Bhattacharyya] This lecture offers a general and introductory overview of the theory of racial capitalism, focusing on the origins of racial capitalism and some of the debates it has generated.
This link includes the recording of the lecture, the text, as well as the handout and the reference list that the author used to present her lecture. It consists of seven main parts. First, it introduces the topic by extinguishing what racial capitalism is and what is not. Second, it traces the South African roots of the concept of racial capitalism. Third, it introduces Cedric Robinson's thinking in his book Black Marxism. Following the line of the previous section, the fourth section discusses Stuart Hall’s formulation of the relationship between race and class. The third and Fourth sections together discuss the limitations of Eurocentrism in Marxist thought, together with tracing the roots of European racialisation: how slavery was intrinsic and set context to the establishment of modern capitalism and how racism and capitalism exist, develop, and amplify each other. The fifth looks specifically at how race, class and gender play together in modern US capitalism. The sixth emphasises the centrality of settler colonialism and the concept of white possession. Lastly, it brings up the current debates about one of the pressing arenas in which a racial capitalist analysis is clarifying: the sphere of social reproduction and essential workers.