Essay about Relationship Between Race and Capitalism

1351 Words Mar 9th, 2011 6 Pages
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
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The Indian society in the 17th century, except for its naval and military weakness, was fully equal in the fields of manufacture, agriculture and culture, compared to the Europeans during the time. Contrary to the stereotyping of the medieval Indian society during this time, it was successful and large cities were already established rivaling those of European ones.
India’s trade relationship with the East India Company and Britain ended with the beginning of the conquest of India in 1757. Still the main interest of the East India Company was to maximize the export of Indian textiles to Europe and primarily to Britain. By being a colony of Britain, there was the direct extraction of surplus from the India’s countryside in the form of land revenue and taxes, and other impositions. Plunder and conquest joined hands with trade. The collection of land revenue, the paternalism of India’s feudalism was substituted with the unmitigated materialism and greed of the officials of the European Company. Land revenue and taxes became a major source of surplus extraction for the Company thus increasing their capital. Under the rule of the Company, land revenue was collected with ruthlessness that was unprecedented. India became the primary source of wealth of the Company and Europe funding the next levels of capitalism in the western society.
By the mid-19th century, racism was evident in all western society. The

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