Many of the modern-day practices of our free-market capitalist system are at least partly responsible for the oppression of black people in America.The fundamental purpose of capitalism is to create profit for private "owners", which essentially means to buy low and sell high. Another feature is transformation of all inputs of an economic operation into commodities that can be bought and sold. Since all economic value in industrial capitalism requires labor to transform nature into products that humans can use, labor also has also become a commodity, although a particular form of commodity known as wage labor or rented labor. However, in this article Buchheit explains how US corporations were to a large extent built on the earlier form of very cheap commodified labor known as slavery.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Sunday, January 25, 2015
4 Ways American Corporations Supported Slavery and Horrific Racial Oppression
Click here to access article by Paul Buchheit from AlterNet.