ON THE STABILITY OF RACIAL CAPITALISM

Abstract

What is the connection between capitalism and racial hierarchy? In line with the tradition known as ‘the theory of racial capitalism’ we show that the latter can functionally support the former. As a social construction, race has just those features which allow it to facilitate the sort of stable, inequitable distributions of resources that tend to emerge in capitalist systems. We support this claim using techniques from evolutionary game theory and cultural evolutionary theory, and end by discussing the normative political consequences of this relationship.