How Racism Is an Essential Tool for Maintaining the Capitalist Order

by Richard D. Wolff, published on Brave New Europe, June 24, 2020 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[…]

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