Thursday, July 5, 2007
Capitalism
Capitalism- Johnson discusses Capitalism as the system by which racism and sexism have become more prominent in society over the last few centuries. In chapter 3 Capitalism, Class, and the Matrix of Domination in his book Privilege, Power, and Difference he says that capitalism distributes wealth and ownership unevenly among the populace. He says that the top 10% of the wealthy in the U.S. own nearly 90% of business assets on pp. 43+44. He discusses that these wealthy could then define what privilege was and who was to receive it since they controlled the flow of money in the economic social ladder. On p. 44 Johnson says whiteness was an idea used to oppress minority races in order to keep the money at the top. It also kept whites in the lower classes against the minorities rather than the wealthy owners. It was a system designed to oppress those at the bottom through racism and other forms of oppression, while making the wealthy classes wealthier and wealthier.
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