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Clean In

How Hotel Workers Fought For a Union -- And Won

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© Jacob Lawrence, Carpenters, 1977
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Slavery, Race, Capitalism

A collaborative course and syllabus from Robert L. Heilbroner Center for Capitalism Studies

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Trumpism – How Should the Left Respond?

Dissent Editors and Contributors Debate how the Left can defeat Trump

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The slaves of General Thomas F. Drayton, 1862 © Henry P. Moore | Wikimedia Commons
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Slaves: The Capital that Made Capitalism

A re-post

This post, adapted from a lecture in the team-taught course “Rethinking Capitalism” at The New School for Social Research and first published last year, is being reposted today to provide critical insight into today’s headlines. Slavery was central to the development of the American political economy. Ott reviews the recent scholarship that shows how it came to be that Black lives haven’t mattered. -J.G.

Racialized chattel slaves were the …

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CapitalismEssays

Capitalism Studies: A Manifesto

It seems odd now to recall that up until a few years ago, the concept of capitalism largely had fallen out of favor as a subject of academic inquiry and critique. Most scholars in the humanities and social sciences regarded the term as too broad, too vague, too encumbered by associations with either Marxism or laissez-faire. Following the collapse of the Soviet Union, capitalism could be taken for granted, it seemed. No person or nation could escape the discipline of efficient, spontaneous, self-regulating, globalizing markets.

Economists cut economies loose from society, institutions, culture, and history. They repositioned their discipline upon models that assumed that rational, utility-maximizing individual parts represented and explained the behavior of the economy-as-a-whole. Many social scientists — especially in political science — embraced these rational-actor models. Others joined historians and humanities scholars in the “cultural turn.” …

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Family of African American slaves on Smith’s Plantation, Beaufort, South Carolina, circa 1862. © Timothy H. O’Sullivan | learnnc.org
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Slaves: The Capital that Made Capitalism

Racialized chattel slaves were the capital that made capitalism. While most theories of capitalism set slavery apart, as something utterly distinct, because under slavery, workers do not labor for a wage, new historical research reveals that for centuries, a single economic system encompassed both the plantation and the factory.

At the dawn of the industrial age commentators like Rev. Thomas Malthus could not envision that capital — an asset that is used but not consumed in the production of goods and services — could compound and diversify its forms, increasing productivity and engendering economic growth. Yet, ironically, when Malthus penned his Essay on the Principle of Population in 1798, the economies of Western Europe already had crawled their way out of the so-called “Malthusian trap.” The New World yielded vast quantities of “drug foods” like tobacco, tea, coffee, chocolate, and sugar for world markets. Europeans worked a little bit harder to satiate their hunger for these “drug foods.” …

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