Revisiting “Racial Capitalism”

Abstract

AbstractThe brief essay is a response to an article by the French sociologist Loïc Wacquant which critiques the concept of “racial capitalism” that has gained much prominence and currency in recent times. It offers a historical analysis of the emergence of “race” as a concept in the Euro-Atlantic sphere and points to the complexities in extending it beyond that space, into the Indian Ocean world for example. As a consequence, the ambitious claims made by some theorists of “racial capitalism” appear difficult to sustain.