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How’s Capitalism Racist?

Racial capitalism has been the primary form of capitalism in America since slavery and should be abolished by White people.

James Woods
3 min readJun 4, 2021
Photo by Ehimetalor Akhere Unuabona on Unsplash

Since the rise of Bernie Sanders, I’ve seen a similar statement being made by well-intentioned White liberals towards anyone who supports capitalism. It goes something like this, “We should all be working to abolish capitalism in America!” The rallying cry has become increasingly popular among far-left liberals who proclaim that capitalism is the root of all evil in this country. However, White liberals often fail to specify that they are referring to racial capitalism. A form of capitalism in which racism is used as a technique to exploit capital from Black people and foment hate among working-class Whites towards Blacks. All of this ensures that White capitalists can extract the most value from everyone else.

White capitalists have successfully used whiteness to convince even the poorest among them that they are superior to even the richest Black person. This tactic has been used so successfully that even White liberals have convinced themselves that everyone should be rallying against capitalism in order to restructure society. It isn’t uncommon to see a Black person succeeding in life and witness a well-meaning White liberal lecturing them over the failings of this…

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James Woods
James Woods

Written by James Woods

I’m not afraid to challenge the status quo. Editor-in-chief of Perceive More! Find me at https://perceive.substack.com too.

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