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Relationship Between Race and Capitalism Essay

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Relationship between Race and Capitalism In the words of Malcolm X, “I believe that there will ultimately be a clash between the oppressed and those that do the oppressing. I believe that there will be a clash between those who want freedom, justice, and equality for everyone and those who want to continue the systems of exploitation... It is incorrect to classify the revolt of the Negro as simply a racial conflict of black against white, or as a purely American problem. Rather, we are today seeing a global rebellion of the oppressed against the oppressor, the exploited against the exploiter." Racism is primarily rooted in the historical development of capitalist as a world system. This has been proven through several centuries to …show more content…

The structures of colonial social formations took a different shape, Using India as a classic example. The resulting structure was neither the unchanged pre-colonial system nor was it identical with that of conventional capitalism. It is properly designated as, I have suggested, a colonial mode of production. The exploitation and pillage of the West Indies and the Americas, and that of Africa by means of the slave trade, and finally, the discovery by Europeans of the sea route to the Far East and India, led to a rapid growth in world trade by the 16th century. The vital role of India and the Far East in generating the system of British industrial capitalism and capital accumulation in Britain is undeniable. In that role, were great monopolistic chartered trading corporations that emerged in England during 16th and 17th century, such as the Baltic Company and the Levant Company? The greatest of which was the East India Company, which conquered and had rule over India. First, Europe’s relationship with India was of mutual prosperity and trade. Until the East India Company began to create a monopoly for itself in Indian trade, pushing out other European rivals, notably the French, followed it’s by conquest of the country, that phase was from 1600 to 1757 was not an unequal colonial relationship. The East India Company had a large interest in promoting the export of silks and cotton textiles from India which soon began to be noticed on British industrial

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