Racial capitalism

Post-Marxist social and economic concept

Racial capitalism is a concept reframing the history of capitalism as grounded in the extraction of social and economic value from people of marginalized racial identities, typically from Black people. It was described by Cedric J. Robinson in his book Black Marxism: The Making of the Black Radical Tradition, published in 1983, which, in contrast to both his predecessors and successors, theorized that all capitalism is inherently racial capitalism, and racialism is present in all layers of capitalism's socioeconomic stratification. Jodi Melamed has summarized the concept, explaining that capitalism "can only accumulate by producing and moving through relations of severe inequality among human groups", and therefore, for capitalism to survive, it must exploit and prey upon the "unequal differentiation of human value."

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