Political Economy Of Racism

An intense and compact resource for understanding how the political economy of racism evolved in the United States.'' - Science & Society Racism is about more than individual prejudice. And it is hardly the relic of a past era. This scholarly, readable, and provocative book shows how the persistence of racism in America relies on the changing interests of those who hold the real power in society and use every possible means to hold onto it.

Leading Issues in Black Political Economy brings together the foremost experts on issues ranging from employment, training, and education of African Americans. It also emphasizes macro-economic concerns of business development with special emphasis on long-term trends of black-owned businesses. The work emphasizes welfare considerations in an anti-welfare epoch, and the role of affirmative action now that it is under attack. Attention is given to the role of race in the continuing disparity of income distribution in American society. The highlights of Leading Issues include "An Employment and Business Strategy for the Next Century: A Comment," by Thomas D. Boston; "Long Term Trends and Prospects for Black-owned Business," by Andrew F. Brimmer; "Is the U.S. Small Business Administration a Racist Institution?" by Timothy Bates; "Worker Re-Training and Labor Market Outcomes: A New Focus for Labor Research," by James B. Stewart; "Race, Cognitive Skills, Psychological Capital, and Wages," by Arthur H. Goldsmith, William Darity, Jr., and Jonathan R. Veum; and "Reparations and Public Policy," by Richard F. America. The overall findings suggest that empirical wage equation specifications do matter. The role of psychological capital is critical in the marketplace. Race is indeed an important determinant of wages-especially when the influence of both cognitive skills and psychological capital are included in the wage equation. This volume will be of crucial interest to economists, political scientists, sociologists, and policy analysts studying African-American life. Thomas D. Boston is editor of the Review of Black Political Economy and professor of economics at the Georgia Institute of Technology. He is the co-editor, with Catherine L. Ross, of The Inner City: Urban Poverty and Economic Development in the Next Century, also available from Transaction.

A galvanizing history of how jazz and jazz musicians flourished despite rampant cultural exploitation The music we call “jazz” arose in late nineteenth century North America—most likely in New Orleans—based on the musical traditions of Africans, newly freed from slavery. Grounded in the music known as the “blues,” which expressed the pain, sufferings, and hopes of Black folk then pulverized by Jim Crow, this new music entered the world via the instruments that had been abandoned by departing military bands after the Civil War. Jazz and Justice examines the economic, social, and political forces that shaped this music into a phenomenal US—and Black American—contribution to global arts and culture. Horne assembles a galvanic story depicting what may have been the era’s most virulent economic—and racist—exploitation, as jazz musicians battled organized crime, the Ku Klux Klan, and other variously malignant forces dominating the nightclub scene where jazz became known. Horne pays particular attention to women artists, such as pianist Mary Lou Williams and trombonist Melba Liston, and limns the contributions of musicians with Native American roots. This is the story of a beautiful lotus, growing from the filth of the crassest form of human immiseration.

Political Racism conceptualizes a distinctive form of racism - intentional, organized hostility mobilized by political actors - and examines its role in the Brexit conflict and in the rise of a new nationalist politics in the UK. In a compelling analysis the book argues that Powellite anti-immigrant racism, reinterpreted in numerical terms, was combined with anti-East European and anti-Muslim hostility to inform the Vote Leave victory. This type of racism, which has a special significance in societies where racism has been delegitimized, is shown to have further shaped the form of EU withdrawal and also the government's post-Brexit policies.

Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.

How Capitalism Underdeveloped Black America dispenses impeccably comprehensive research to expose the realities of African American poverty, health, employment, and education, as well as other demographics. Marable's conclusions prove an undeniable connection between the oppression and exploitation of Black America and capitalism.

“The most brilliant historian of the black freedom movement” reveals how simplistic views of racism and white supremacy fail to address racial inequality—and offers a roadmap for a more progressive, brighter future (Cornel West, author of Race Matters). The fate of poor and working-class African Americans—who are unquestionably represented among neoliberalism’s victims—is inextricably linked to that of other poor and working-class Americans. Here, Reed contends that the road to a more just society for African Americans and everyone else is obstructed, in part, by a discourse that equates entrepreneurialism with freedom and independence. This, ultimately, insists on divorcing race and class. In the age of runaway inequality and Black Lives Matter, there is an emerging consensus that our society has failed to redress racial disparities. The culprit, however, is not the sway of a metaphysical racism or the modern survival of a primordial tribalism. Instead, it can be traced to far more comprehensible forces, such as the contradictions in access to New Deal era welfare programs, the blinders imposed by the Cold War, and Ronald Reagan's neoliberal assault on the half-century long Keynesian consensus.

Despite rich archives of work on race and the global economy, most notably by scholars of colour and Global South intellectuals, the discipline of Political Economy has largely avoided an honest confrontation with how race works within the domains it studies, not least within markets. By way of corrective, this book draws together scholarship on the material function of race at various scales in the global political economy. The collective provocation of the contributors to this volume is that race has been integral to the formation of capitalism – as extensively laid out by the racial capitalism literature – and takes on new forms in the novel market spaces of neoliberalism. The chapters within this volume also reinforce that the current political conjuncture, marked by the ascension of neo-fascist power, cannot be defined by an exceptional intrusion of racism, nor can its racism be dismissed as epiphenomenal. Raced Markets will be of great value to scholars, students, and researchers interested in political economy and racial capitalism as well as those willing to explore how race takes on new forms in the novel market spaces of contemporary neoliberalism. The chapters in this book were originally published as a special issue of the New Political Economy.