Black People And Capitalism DON'T Mix

[rapbeats]

They are one and the same breh. Don't worry bout it.

more smilies and zero proof to your claim.

 

[Starman]

It is mind-boggling that some of you can't even make the connection between slavery, colonialism, and capitalism. Equally mind-boggling is that some of you don't see how the vast majority of people are exploited under capitalism, with vast numbers being absolutely ground up by the ruling class.

What is the connection between slavery, colonialism and capitalism as you see it? What do you mean by exploited/ground up?

 

[JahFocus CS]

What is the connection between slavery, colonialism and capitalism as you see it? What do you mean by exploited/ground up?

Breh, I was all up in this thread for like 20 pages and touched on all of that at length earlier... if you read through those posts and have questions or points of contention, feel free to bring them to the table, but I don't want to retype and rehash all of that.

 

[rapbeats]

http://www.alternet.org/economy/can...ble-chains-debt-and-catastrophic-loss-african

^^good read

Years after Thomas Jefferson’s famous words “all men are created equal” began to ring as a call to conscience, he himself must have felt every bit of their hollowness. Polish Revolutionary War hero Thaddeus Kosciuszko bequeathed Jefferson enough money to free his slaves, as well as to set them off with land and farming equipment of their own, but Jefferson refused this gift. Instead, he died with a debt hanging over Monticello – a kind of debt that he was the first to incur through monetizing his slaves for use as collateral for the loan to build his estate (Weincek 2012: 96). The slave families, who resided on Jefferson’s estate as intact families, were separated and sold to pay the outstanding debt such that the estate could be passed down to its rightful heir. In spite of words we have no reason not to believe were heartfelt, and in spite of fathering six black children, Jefferson was not able to rise to the call of his words in the end, leaving as mixed a legacy as the American history that has followed. And in spite of generations of black descendants, no reparation has ever been paid to them; they remain a forgotten part of this legacy. As the story is most commonly told, there is only mention made to a legitimate debt paid with the bodies, blood and breath of Jefferson slaves, but no mention of any owing to them. Unfortunately, this telling of Jefferson’s story not only exposes the power dynamics of the past, but also discloses a fundamental understanding of the world that continues to rear its ugly head today.

During Jefferson’s life, Wall Street was already expanding on and experimenting with the monetization of human life through debt. In 1804, well before the battle for abolition was won here in America, but only after a bloody 13-year struggle, Haitian slaves liberated themselves by successfully defeating Napoleon. President Jefferson was the first to refuse to recognize their independence from France. As a result, over twenty years later, the French reminded the Haitians that they, themselves, constituted a debt. The Haitians did the only thing they could to retain their physical freedom and borrowed the equivalent of $150 million (almost double the cost of Louisiana) from Wall Street to pay “reparations” to the French. Of course, this original predatory debt reaped enormous rewards and in the end they paid the equivalent of $20 billion dollars for their freedom – something that never should have been for sale. And all the way up until 1947, 80% of Haiti’s economy went to pay off this debt to National City Bank – known today as Citibank. Of course, the price of freedom was unrelenting poverty, the permanent loss of opportunity to develop infrastructure, and the seemingly never-ending suffering in enslavement of another form.

The same capitalist powers that determined the laws that allowed their nations to prosper from slavery were the ones to determine the language of the 2001 declaration, language that closed the door on claims for reparations. Yet, when we talk about debt as a focal point for a political movement, it seems impossible to exclude a history that is at the root of current debt practices, and that has led to a global system of exploitation that undergirds strategies for shifting economic resources to the financial elite.

@DEAD7

i'm showing my hand..care to show yours? and that goes for anyone else who believes capitalism and racism dont go hand in hand in application(not theory).

 

[Starman]

Breh, I was all up in this thread for like 20 pages and touched on all of that at length earlier... if you read through those posts and have questions or points of contention, feel free to bring them to the table, but I don't want to retype and rehash all of that.

No diss, but I see why you don't want to rehash what you wrote- there's a lot there. I get the gist of where you're coming from.

 

[DEAD7]

more smilies and zero proof to your claim.

My claim is false. White supremacy = capitalism.

 

[DEAD7]

http://www.alternet.org/economy/can...ble-chains-debt-and-catastrophic-loss-african

^^good read





@DEAD7

i'm showing my hand..care to show yours? and that goes for anyone else who believes capitalism and racism dont go hand in hand in application(not theory).

I agree, economics and racism go hand in hand in practice.

Where we are disagreeing(ostensibly) is that its "capitalism" specifically... but im gonna let you cook.

 

[JahFocus CS]

It is true that, theoretically, capitalism doesn't require white supremacy. However, given the historical development of capitalism and the circumstances of its birth, it is inextricably bound up with white supremacy in the world that we live in.

 

[DEAD7]

It is true that, theoretically, capitalism doesn't require white supremacy.

 

[Starman]

It is true that, theoretically, capitalism doesn't require white supremacy. However, given the historical development of capitalism and the circumstances of its birth, it is inextricably bound up with white supremacy in the world that we live in.

What economic system benefits blacks? Is there a different economic system most beneficial to each race?

 

[DEAD7]

What economic system benefits blacks? Is there a different economic system most beneficial to each race?

Now were getting somewhere.

 

[JahFocus CS]

What economic system benefits blacks? Is there a different economic system most beneficial to each race?

The concept of race itself developed to divide the working class and aid in the process of primitive accumulation of capital. Capitalism benefits some Blacks, namely, those in the ruling class. However, the masses of Afrikans are working class and, thanks to racism, experience a type of superexploitation, sacrificed at the altar of capital with the assent of working class whites due to racism. Other people of Color also face the same or similar circumstances. But anti-Black racism and exploitation is a key component of the U.S. and world order and historical development.

If you ask the question, what economic system benefits the masses of Afrikans -- and the masses are overwhelmingly working class, not bourgeois -- then the answer would be socialism, i.e. worker control of the means of production. The answer would be the same for every "what economic system benefits the masses of __________________," because every ethnic group/nation/race/country/whatever has class cleavages which are the real determinants of people's livelihoods, quality of life, etc., and the masses of all of these groups are all working class.

 

[Starman]

The concept of race itself developed to divide the working class and aid in the process of primitive accumulation of capital. Capitalism benefits some Blacks, namely, those in the ruling class. However, the masses of Afrikans are working class and, thanks to racism, experience a type of superexploitation, sacrificed at the altar of capital with the assent of working class whites due to racism. Other people of Color also face the same or similar circumstances. But anti-Black racism and exploitation is a key component of the U.S. and world order and historical development.

If you ask the question, what economic system benefits the masses of Afrikans -- and the masses are overwhelmingly working class, not bourgeois -- then the answer would be socialism, i.e. worker control of the means of production. The answer would be the same for every "what economic system benefits the masses of __________________," because every ethnic group/nation/race/country/whatever has class cleavages which are the real determinants of people's livelihoods, quality of life, etc., and the masses of all of these groups are all working class.

If you want to say Socialism, just say it.

 

[JahFocus CS]

If you want to say Socialism, just say it.

I did...

If you ask the question, what economic system benefits the masses of Afrikans -- and the masses are overwhelmingly working class, not bourgeois -- then the answer would be socialism, i.e. worker control of the means of production.

 

[Spin]

We are living in very interesting times. The rich are making money at historic levels compared to the average worker. Meanwhile, the average worker is just happy to have a job.

When you break it down to its core, no one owes you anything. That is the truth. Is the system fair? It's not fair, but it was never meant to be. There is always going to be a game being played. Our goal as individuals is not getting caught up in the BS.

One of the few drawbacks of desegregation is that the black community has forgot how to rely on itself. There are many examples of black communities that thrived because they owned their own business's, property, etc. In other words, they didn't depend on any other community for jobs. When you don't depend on anyone for your survival, the power is put back in your hands.

In this country you need to develop a skill that you can charge for your expertise or find/create a product to sell. There are simply too many people in this country to not have a skill that will set you apart from other people. In fact, the more unique and useful your skill is the less someone is going to care about your race, weight, etc.