this post was submitted on 10 Oct 2024
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White capitalism is what made black people slaves and pushed them into poverty.
Perhaps we need new ideas that help everyone.
This is just called capitalism.
I mean, it gives deference to rich people, but when it was legal to discriminate against POC, they had a massive disadvantage in pretty much every aspect of their lives. Not perfect, but much improved now...
Also Black Wall Street got hate crimed off the face of the earth, so I'd say "white capitalism" is fair enough.
Capitalism is the Sociopath's Ideology and hence it will always promote the use of any power advantages to exploit the less powerful, with no consideration for the fellings of others or harm done to them, for fairness or for morality.
Which is why it had to be something outside Capitalism to push for fairer treatment of POC and even then every single day in America it's an uphill fight for those amongst them who remain disadvantaged: that previous exploitation of them as powerless due to their ethnicity meant that when the discriminatory treatment on the color of their skin was reduced (not eliminated, but certainly comparativelly much reduced), they ended up poor people and hence still the victims of discrimination and exploitation, because the poor too are less powerful than most and hence exploited to the max under Capitalism, and as an overexploited group it's incredibly harder for them to pull themselves out of poverty or help their children do so, which means that situation is entrenched.
Technically Capitalism isn't an ideology, but a state in development of the productive forces. Liberalism is the ideology of Capitalism.