by TerrEmUp January 28, 2022
Get the Rarang mug.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.
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