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Black Capitalism
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Book Synopsis The Myth of Black Capitalism by : Earl Ofari Hutchinson
Download or read book The Myth of Black Capitalism written by Earl Ofari Hutchinson and published by NYU Press. This book was released on 2024-01-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deciphers the history of “Black capitalist” rhetoric— and how it serves to enrich a minuscule few at the expense of the many In his 1970 book The Myth of Black Capitalism, Earl Ofari Hutchinson laid out a rigorous challenge to the presumption that capitalism, in any shape or form, has the potential to rectify the stark injustices endured by Black people in America. Ofari engaged in a diligent historical review of the participation of African Americans in commercial activity in this capitalist country, demonstrating conclusively that the creation of a class of Black capitalists failed to ameliorate the extreme inequity faced by African Americans. Even “Buy Black” campaigns which aimed to “keep resources in the community,” he showed, reinforced a Black bourgeoisie which often enough exploited the Black underclass to increase their own wealth. Whether Black capitalists dared to go up against, or merely tried to find their place amongst, giant monopoly corporations, Ofari argued they would make little substantive progress in the lives of Black people. And whether calls for “Black capitalism” came from within the Black Power movement for Black economic autonomy, or were appropriated by the old-line Black elite, in the end the promotion of the myth of “Black capitalism” was a project of the Black elite which solely served the interests of the capitalist managerial class. It was Richard Nixon who first introduced the notion of “Black capitalism” into mainstream American discourse, coopting the term at a time when African Americans comprised only 3% of the nation’s employers. That number dwindled thereafter, and yet the term only gained cachet following the election of Barack Obama and the increased visibility of the Black elite. Thankfully, just as the rhetoric of ‘Black capitalism” is being resuscitated, it is being confronted once more. In this second edition of Earl Ofari’s pathbreaking book, a Monthly Review Press classic, the author adds a new Introduction, which shows both the enduring strength of the ideology of Black capitalism and its continued inability to change the nature of what has always been a racialized system of production and distribution. Ofari reveals “Black capitalism" for what it really is: a diversion from the struggle for liberation that works at cross purposes with the fight against exploitation, and a fantasy which enriches a minuscule few at the expense of the many. The Myth of Black Capitalism argues definitively that only a direct assault on the oppression of Black people and the capitalist system itself can bring this exploitation to an end.
Book Synopsis Black Capitalism by : Theodore L. Cross
Download or read book Black Capitalism written by Theodore L. Cross and published by . This book was released on 1971 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Color of Money by : Mehrsa Baradaran
Download or read book The Color of Money written by Mehrsa Baradaran and published by Harvard University Press. This book was released on 2017-09-14 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Read this book. It explains so much about the moment...Beautiful, heartbreaking work.” —Ta-Nehisi Coates “A deep accounting of how America got to a point where a median white family has 13 times more wealth than the median black family.” —The Atlantic “Extraordinary...Baradaran focuses on a part of the American story that’s often ignored: the way African Americans were locked out of the financial engines that create wealth in America.” —Ezra Klein When the Emancipation Proclamation was signed in 1863, the black community owned less than 1 percent of the total wealth in America. More than 150 years later, that number has barely budged. The Color of Money seeks to explain the stubborn persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. With the civil rights movement in full swing, President Nixon promoted “black capitalism,” a plan to support black banks and minority-owned businesses. But the catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. In this timely and eye-opening account, Baradaran challenges the long-standing belief that black communities could ever really hope to accumulate wealth in a segregated economy. “Black capitalism has not improved the economic lives of black people, and Baradaran deftly explains the reasons why.” —Los Angeles Review of Books “A must read for anyone interested in closing America’s racial wealth gap.” —Black Perspectives
Book Synopsis How Capitalism Underdeveloped Black America: Problems in Race, Political Economy and Society by : Manning Marable
Download or read book How Capitalism Underdeveloped Black America: Problems in Race, Political Economy and Society written by Manning Marable and published by Pluto Press. This book was released on 2000 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: An updated edition of Manning Marable's classic--considered one of the best studies of race and class.
Book Synopsis How Capitalism Underdeveloped Black America by : Manning Marable
Download or read book How Capitalism Underdeveloped Black America written by Manning Marable and published by Haymarket Books. This book was released on 2015-11-02 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: "How Capitalism Underdeveloped Black America is one of those paradigm-shifting, life-changing texts that has not lost its currency or relevance—even after three decades. Its provocative treatise on the ravages of late capitalism, state violence, incarceration, and patriarchy on the life chances and struggles of black working-class men and women shaped an entire generation, directing our energies to the terrain of the prison-industrial complex, anti-racist work, labor organizing, alternatives to racial capitalism, and challenging patriarchy—personally and politically."—Robin D. G. Kelley "In this new edition of his classic text . . . Marable can challenge a new generation to find solutions to the problems that constrain the present but not our potential to seek and define a better future."—Henry Louis Gates, Jr. "[A] prescient analysis."—Michael Eric Dyson How Capitalism Underdeveloped Black America is a classic study of the intersection of racism and class in the United States. It has become a standard text for courses in American politics and history, and has been central to the education of thousands of political activists since the 1980s. This edition is prsented with a new foreword by Leith Mullings.
Book Synopsis The History of Black Business in America by : Juliet E. K. Walker
Download or read book The History of Black Business in America written by Juliet E. K. Walker and published by UNC Press Books. This book was released on 2009 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this wide-ranging study Stephen Foster explores Puritanism in England and America from its roots in the Elizabethan era to the end of the seventeenth century. Focusing on Puritanism as a cultural and political phenomenon as well as a religious movement, Foster addresses parallel developments on both sides of the Atlantic and firmly embeds New England Puritanism within its English context. He provides not only an elaborate critque of current interpretations of Puritan ideology but also an original and insightful portrayal of its dynamism. According to Foster, Puritanism represented a loose and incomplete alliance of progressive Protestants, lay and clerical, aristocratic and humble, who never decided whether they were the vanguard or the remnant. Indeed, in Foster's analysis, changes in New England Puritanism after the first decades of settlement did not indicate secularization and decline but instead were part of a pattern of change, conflict, and accomodation that had begun in England. He views the Puritans' own claims of declension as partisan propositions in an internal controversy as old as the Puritan movement itself. The result of these stresses and adaptations, he argues, was continued vitality in American Puritanism during the second half of the seventeenth century. Foster draws insights from a broad range of souces in England and America, including sermons, diaries, spiritual autobiographies, and colony, town, and court records. Moreover, his presentation of the history of the English and American Puritan movements in tandem brings out the fatal flaws of the former as well as the modest but essential strengths of the latter.
Book Synopsis Histories of Racial Capitalism by : Justin Leroy
Download or read book Histories of Racial Capitalism written by Justin Leroy and published by Columbia University Press. This book was released on 2021-02-09 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between race and capitalism is one of the most enduring and controversial historical debates. The concept of racial capitalism offers a way out of this impasse. Racial capitalism is not simply a permutation, phase, or stage in the larger history of capitalism—since the beginning of the Atlantic slave trade and the colonization of the Americas, capitalism, in both material and ideological senses, has been racial, deriving social and economic value from racial classification and stratification. Although Cedric J. Robinson popularized the term, racial capitalism has remained undertheorized for nearly four decades. Histories of Racial Capitalism brings together for the first time distinguished and rising scholars to consider the utility of the concept across historical settings. These scholars offer dynamic accounts of the relationship between social relations of exploitation and the racial terms through which they were organized, justified, and contested. Deploying an eclectic array of methods, their works range from indigenous mortgage foreclosures to the legacies of Atlantic-world maroons, from imperial expansion in the continental United States and beyond to the racial politics of municipal debt in the New South, from the ethical complexities of Latinx banking to the postcolonial dilemmas of extraction in the Caribbean. Throughout, the contributors consider and challenge how some claims about the history and nature of capitalism are universalized while others remain marginalized. By theorizing and testing the concept of racial capitalism in different historical circumstances, this book shows its analytical and political power for today’s scholars and activists.
Book Synopsis The Business of Black Power by : Laura Warren Hill
Download or read book The Business of Black Power written by Laura Warren Hill and published by University Rochester Press. This book was released on 2012 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores business development in the Black power era and the centrality of economic goals to the larger black freedom movement. The Business of Black Power emphasizes the centrality of economic goals to the larger black freedom movement and explores the myriad forms of business development in the Black power era. This volume charts a new course forBlack power studies and business history, exploring both the business ventures that Black power fostered and the impact of Black power on the nation's business world. Black activists pressed business leaders, corporations, and various levels of government into supporting a range of economic development ventures, from Black entrepreneurship, to grassroots experiments in economic self-determination, to indigenous attempts to rebuild inner-city markets in thewake of disinvestment. They pioneered new economic and development strategies, often in concert with corporate executives and public officials. Yet these same actors also engaged in fierce debates over the role of business in strengthening the movement, and some African Americans outright rejected capitalism or collaboration with business. The ten scholars in this collection bring fresh analysis to this complex intersection of African American and business history to reveal how Black power advocates, or those purporting a Black power agenda, engaged business to advance their economic, political, and social goals. They show the business of Black power taking place in thestreets, boardrooms, journals and periodicals, corporations, courts, and housing projects of America. In short, few were left untouched by the influence of this movement. Laura Warren Hill is assistant professor of history at Bloomfield College. Julia Rabig is a lecturer at Dartmouth College.
Book Synopsis Myth of Black Capitalism by : Earl Ofari
Download or read book Myth of Black Capitalism written by Earl Ofari and published by Monthly Review Press. This book was released on 2011-03-21 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: 0
Book Synopsis The Fraud of Black Capitalism by : Dick Roberts
Download or read book The Fraud of Black Capitalism written by Dick Roberts and published by . This book was released on 1970 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How Capitalism Underdeveloped Black America by : Manning Marable
Download or read book How Capitalism Underdeveloped Black America written by Manning Marable and published by South End Press. This book was released on 2000 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents Preface How Capitalism Underdeveloped Black America A Critical Assessment Introduction to the First Edition Part 1 The Black Majority Chapter 1 The Crisis of the Black Working Class Chapter 2 The Black Poor Chapter 3 Grounding with My Sisters Chapter 4 Black Prisoners and Punishment in a Racist/Capitalist State Part 2 The Black Elite Chapter 5 Black Capitalism Chapter 6 Black Brahmins Chapter 7 The Ambiguous Politics of the Black Church Chapter 8 The Destruction of Black Education Part 3 A Question of Genocide Chapter 9 The Meaning of Racist Violence in Late Capitalism Chapter 10 Conclusion: Towards a Socialist America Reviews "Manning Marable examines developments in the political economy of racism in the United States and assesses shifts in the American Political terrain since the first edition....He is one of the most widely read Black progressive authors in the country."-Black Employment Journal "The reissue of Manning Marable's How Capitalism Underdeveloped Black America confirms that this is a classic work of political history and social criticism. Unfortunately, Marable's blistering insights into racial injustice and economic inequality remain depressingly relevant. But the good news is that Marable's prescient analysis-and his eloquent and self-critical preface to this new edition-will prove critical in helping us to think through and conquer the oppressive forces that remain."-Michael Eric Dyson, author of I May Not Get Therewith You: The True Martin Luther King, Jr. "For those of us who came of political age in the 1980s, Manning Marable's How Capitalism Underdeveloped Black America was one of our bibles. Published during the cold winter of Reaganism, he introduced a new generation of Black activists/thinkers to class and gender struggles within Black communities, the political economy of incarceration, the limitations of Black capitalism, and the nearly forgotten vision of what a socialist future might look like. Two decades later, Marable's urgent and hopeful voice is as relevant as ever."-Robin D.G. Kelley, author of Yo' Mama's DisFunktional!:
Book Synopsis Asian Americans and the Spirit of Racial Capitalism by : Jonathan Tran
Download or read book Asian Americans and the Spirit of Racial Capitalism written by Jonathan Tran and published by Oxford University Press. This book was released on 2021-11-09 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Any serious consideration of Asian American life forces us to reframe the way we talk about racism and antiracism. The current emphasis on racial identity obscures the political economic basis that makes racialized life in America legible. This is especially true when it comes to Asian Americans. This book reframes the conversation in terms of what has been called ""racial capitalism"" and utilizes two extended case studies to show how Asian Americans perpetuate and resist its political economy.
Book Synopsis Cedric J. Robinson by : Cedric J. Robinson
Download or read book Cedric J. Robinson written by Cedric J. Robinson and published by Black Critique. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays by the influential founder of the black radical tradition
Book Synopsis The Corruption of Capitalism by : Guy Standing
Download or read book The Corruption of Capitalism written by Guy Standing and published by Biteback Publishing. This book was released on 2021-05-06 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Politicians, financiers and bureaucrats claim to believe in free competitive markets, yet they have built the most unfree market system ever created. In this Gilded Age, income is funnelled to the owners of property – financial, physical and intellectual – at the expense of society. Wages stagnate as labour markets are transformed by outsourcing, automation and the on-demand economy, generating more rental income while broadening the precariat. Now fully updated with an introduction examining the systemic issues exposed by Brexit and Covid-19, The Corruption of Capitalism argues that rentier capitalism is fostering revolt and presents a new income distribution system that would achieve the extinction of the rentier while encouraging sustainable growth.
Book Synopsis Black Marxism by : Cedric J. Robinson
Download or read book Black Marxism written by Cedric J. Robinson and published by Univ of North Carolina Press. This book was released on 2005-10-12 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this ambitious work, first published in 1983, Cedric Robinson demonstrates that efforts to understand black people's history of resistance solely through the prism of Marxist theory are incomplete and inaccurate. Marxist analyses tend to presuppose European models of history and experience that downplay the significance of black people and black communities as agents of change and resistance. Black radicalism must be linked to the traditions of Africa and the unique experiences of blacks on western continents, Robinson argues, and any analyses of African American history need to acknowledge this. To illustrate his argument, Robinson traces the emergence of Marxist ideology in Europe, the resistance by blacks in historically oppressive environments, and the influence of both of these traditions on such important twentieth-century black radical thinkers as W. E. B. Du Bois, C. L. R. James, and Richard Wright.
Book Synopsis Black Reconstruction in America (The Oxford W. E. B. Du Bois) by : W. E. B. Du Bois
Download or read book Black Reconstruction in America (The Oxford W. E. B. Du Bois) written by W. E. B. Du Bois and published by Oxford University Press. This book was released on 2014-02-01 with total page 1134 pages. Available in PDF, EPUB and Kindle. Book excerpt: W. E. B. Du Bois was a public intellectual, sociologist, and activist on behalf of the African American community. He profoundly shaped black political culture in the United States through his founding role in the NAACP, as well as internationally through the Pan-African movement. Du Bois's sociological and historical research on African-American communities and culture broke ground in many areas, including the history of the post-Civil War Reconstruction period. Du Bois was also a prolific author of novels, autobiographical accounts, innumerable editorials and journalistic pieces, and several works of history. Black Reconstruction in America tells and interprets the story of the twenty years of Reconstruction from the point of view of newly liberated African Americans. Though lambasted by critics at the time of its publication in 1935, Black Reconstruction has only grown in historical and literary importance. In the 1960s it joined the canon of the most influential revisionist historical works. Its greatest achievement is weaving a credible, lyrical historical narrative of the hostile and politically fraught years of 1860-1880 with a powerful critical analysis of the harmful effects of democracy, including Jim Crow laws and other injustices. With a series introduction by editor Henry Louis Gates, Jr., and an introduction by David Levering Lewis, this edition is essential for anyone interested in African American history.
Book Synopsis Black Marxism by : Cedric J. Robinson
Download or read book Black Marxism written by Cedric J. Robinson and published by Penguin UK. This book was released on 2021-02-04 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'A towering achievement. There is simply nothing like it in the history of Black radical thought' Cornel West 'Cedric Robinson's brilliant analyses revealed new ways of thinking and acting' Angela Davis 'This work is about our people's struggle, the historical Black struggle' Any struggle must be fought on a people's own terms, argues Cedric Robinson's landmark account of Black radicalism. Marxism is a western construction, and therefore inadequate to describe the significance of Black communities as agents of change against 'racial capitalism'. Tracing the emergence of European radicalism, the history of Black African resistance and the influence of these on such key thinkers as W. E. B. Du Bois, C. L. R. James and Richard Wright, Black Marxism reclaims the story of a movement.
