A social and economic system of removing social and economic value using markers associated with race (e.g. such as dark skin or people of African descent) while attributing social and economic value using markers associated with race (e.g., white/light skin or people of European descent).
Example - Wealth is assigned to predominately white U.S. neighborhoods at higher rates than predominately Black, Hispanic, or Latinx neighborhoods. As more middle and upper class White families move into neighborhoods (gentrification) the property values increase but the reverse happens when Black families move into formally homogenized White neighborhoods.
See Cedric Robinson and Charles Mill's work around racial capitalism.
Example - Wealth is assigned to predominately white U.S. neighborhoods at higher rates than predominately Black, Hispanic, or Latinx neighborhoods. As more middle and upper class White families move into neighborhoods (gentrification) the property values increase but the reverse happens when Black families move into formally homogenized White neighborhoods.
See Cedric Robinson and Charles Mill's work around racial capitalism.
Racial capitalism has assigned value to Whiteness in that those of European descent are often given lower interest rates on loans than those who are not.
by EquityLLC February 09, 2022
Generation's and BENNINGFIELD Jr as the eternal ruler capital.by lbj as in Lonnie benningfield junior. 🇺🇸
by Lonnie Benningfield juniorshaq November 11, 2021
by Lonnie Benningfield juniorshaq November 28, 2021
by Johsco Magellen July 24, 2022
John: "Capitalism Capitalism Capitalism Capitalism Capitalism Capitalism"
Dave: "Are you okay, John?"
John: "Yeah, I just forgot every word in that sentence."
Dave: "Are you okay, John?"
John: "Yeah, I just forgot every word in that sentence."
by fuuka gaming June 28, 2022
by astrology major February 28, 2022
Is an ideological term for the upward transfer of wealth from the producer class who generates the product or GDP (gross domestic product) for the owner class, presumed to be those worthy of controlling the establishment. Was defined concisely in Adam Smith's The Wealth of Nations as "everything for us and nothing for anyone else"
Many espouse capitalism as ideology of highest importance while not being able to define it precisely or explain it to a five year old decently.
by bachdog September 12, 2022