Essays Capitalism And Democracy

Not only do blacks and their allies continually resist white supremacy, victories that not only reshape, but fundamentally undermine it, are won at an inevitably high cost of blood and sacrifice. One potential consequence of the expansion of debt and the Gilded Age–levels of economic inequality in the global North is that the securitizing of the economy is already being felt politically.Conflicts over racial and gender privilege, which fostered the type of raw nationalism that led to Trump and the rightward surge in Europe, are a result of multiple legitimation crises.

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Historically, this crisis of legitimacy has its roots in times when the standard of living of those benefitting from white supremacy and patriarchy plummeted at approximately the same time as white supremacy and European colonialism in Africa, Asia, and Latin America became increasingly challenged domestically and internationally.

As Greta Krippner, among others, has argued, a fiscal crisis was provoked when the state could not simultaneously meet its obligations to those who had been excluded as they began to make politically effective demands, while also coming under pressure from various external economic shocks.

This nostalgic, but false, fantasy not only erases a history of black struggle, but also of various working class and progressive struggles.

It is a fantasy shared by too many of the black neoliberal elite who also view as anachronistic blacks who insist on naming and resisting the structural forces of dominance that produced disadvantaged black communities.

Jodi Melamed, for example, building on Cedric Robinson’s pioneering work, Racial capitalism, in contemporary parlance, has served as a rallying cry and meeting point for academics and activists who seek to combine an analysis of white supremacy with an analysis of the capitalist social order.

Cedric Robinson first defined racial capitalism as follows: “The development, organization, and expansion of capitalist society pursued essentially racial directions, so too did social ideology.

Tracing the nexus of capitalism, racial domination, and patriarchy in the United States, Dawson engages the question of emancipatory movements, and the possibilities of their emergence, in a political moment he sees as a full-blown legitimacy crisis. If all labor, black as well as white, became free—were given schools and the right to vote—what control could or should be set to the power and action of these laborers?

Du Bois (discussed in detail by Ella Myers in an earlier essay), Dawson links the breakdown in upward mobility for many working-class whites to a reinvigoration of the public face of white supremacy. What were to be the limits of democratic control in the United States?

Colonial rebellions, for example, led to disruption in the class bargain that undermined Western European (and to a substantial extent, albeit in attenuated form, the United States) social democracy.

The potential for cross-system ruptures is a lesson that black political history continually impresses on one.