Racism Makes HALF TRILLION Dollar$ in Super-Profits for Capitalists: an Un(der)told Story

by Wally Linder, retired railway worker and organizer, June 22, 2020

The financial foundation of U.S. capitalism is racism. It is the source of some $500 BILLIONS (half trillion dollars) in super-profits. That is the difference between the household income of white and Black families and the basis for the oppression of Black workers in all spheres of life.

According to the U.S. Census Bureau (2019 figures), there were 17 million Black households in the U.S. The median income of those families was $41,361. The median household income of white families was $70,642. If the bosses paid the Black families the same as white families, an additional $29,281 each, they would have to fork over an additional $497 BILLION, 17 million families multiplied by $29,281 each. This would reduce the bosses’ profits by HALF TRILLION dollars.  

Continue reading “Racism Makes HALF TRILLION Dollar$ in Super-Profits for Capitalists: an Un(der)told Story”

Intersectionality: A Marxist Critique

by Barbara Foley, September 26, 2018

This is a slightly revised version of an article with this title that appeared in Science & Society 82, 2 (April 2018): 269-75.

intersectionality graphic2  Intersectionality, a way of thinking about the nature and causes of social inequality, proposes that the effects of multiple forms of oppression are cumulative and, as the term suggests, interwoven.  Not only do  racism, sexism, homophobia, disablism, religious bigotry, and so-called “classism” wreak pain and harm in the lives of many people, but any two or more of these types of oppression can be experienced simultaneously in the lives of given individuals or demographic sectors.  According to the intersectional model, it is only by taking into account the complex experiences of many people who are pressed to the margins of mainstream society that matters of social justice can be effectively addressed.  In order to assess the usefulness of intersectionality as an analytical model and practical program, however—and, indeed, to decide whether or not it can actually be said to be a “theory,” as a number of its proponents insist—we need to ask not only what kinds of questions it encourages and remedies, but also what kinds of questions it discourages and what kinds of remedies it forecloses. Continue reading “Intersectionality: A Marxist Critique”