They used #racial ideology to construct a global division of #labor, a massively inequitable global division of #wages, & a global #hierarchy of rights. Racial ideology was promoted so aggressively that it developed its own momentum of #hatred & #violence.

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The struggle against #racism must be #anticapitalist, & the struggle against #capitalism must be #antiracist.

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Overcoming #capitalism - in other words, transitioning to a #democratic #socialist #economy - is ultimately necessary to end structural #racism & #imperialist #violence.

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They used #racial ideology to construct a global division of #labor, a massively inequitable global division of #wages, & a global #hierarchy of rights. Racial ideology was promoted so aggressively that it developed its own momentum of #hatred & #violence.

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And of course these very same discourses were deployed within the core itself, to justify paying lower #wages to radicalized people, & to deny them equal access to #resources.

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... to provide the ideological scaffolding necessary to justify #apocalyptic levels of #exploitation & bloodshed in the periphery.

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How could anyone possibly justify these horrors? #Race. Discourses of #whitesupremacy & #racial #hierarchy were fabricated by the #European ruling classes to dehumanize the majority world, hiving them off from the realm of rights, ...

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This was an extraordinarily #violent process, involving #colonization, #dispossession, mass #enslavement, & #genocide.

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This is where #imperialism comes in. As Utsa Patnaik puts it, #capitalism requires “an #imperial arrangement” to maintain access to cheap #labor & cheap #nature, and thereby to stabilize accumulation.

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This is where #imperialism comes in. As Utsa Patnaik puts it, #capitalism requires “an #imperial arrangement” to maintain access to cheap #labor & cheap #nature, and thereby to stabilize accumulation.

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To avoid this outcome, you need some kind of “outside”, an external frontier, where you can exploit #labor & #nature with impunity, where you can externalize #social & #ecological costs, and where any rebellions can be destroyed with brute force.

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This cannot be sustained for long within a bounded #economy. If you intensify the #exploitation of your domestic #workingclass & #resource base in this way, sooner or later you will face a #revolution.

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To maintain the process of perpetual accumulation requires massive quantities of cheap #labor & cheap #nature. You have to deny people control over their #land, & deny #workers access to the yields of their #production.

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And for #capital, the purpose of #production is not to meet #human needs, or to achieve #social progress, but to maximize & accumulate #profit. That is the overriding objective.

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Remember, #capitalism is not defined by “ #markets & #businesses & #trade”. It is a system where #production is controlled overwhelmingly by #capital: the big #banks, large #corporations, & the 1% who own the majority of investable assets.

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This bears repeating: despite the massive #productivity of the world #economy, nearly one-third of the #human population does not have secure access to #food.

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This bears repeating: despite the massive #productivity of the world #economy, nearly one-third of the #human population does not have secure access to #food.

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Given that secure access to #food is central to the BNPL method, this suggests that post-2011 #poverty trends have probably not improved much.

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Third, while we don't yet have robust BNPL data after 2011, we know that #food insecurity has increased steadily in more recent years, going from 21% in 2014 to 30% in 2022.

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Second, #poverty alleviation has not been steady. In the 1990's the poverty rate increased dramatically, during the period when #neoliberal structural adjustment programmes were imposed on many developing countries.

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