Capitalism vs Racism

Reader comment on: Racism and Capitalism

Submitted by Harry Binswanger (United States), Aug 22, 2020 11:01

Capitalism is the only anti-racist system.

Under capitalism profit comes from economic rationality. Racism discriminates irrationally, on the basis of economically irrelevant factors. Capitalist greed is the minority member's best friend.

Just compare two employers, one who hires by race and one who hires by ability. Is there any question which one will outcompete the other?

A final thought: capitalism is the system of individualism. "Racism is the lowest, most crudely primitive form of collectivism."—Ayn Rand


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Title By Date
Bring Asians into the discussion... [14 words]David in CalAug 22, 2020 19:04
⇒ Capitalism vs Racism [76 words]Harry BinswangerAug 22, 2020 11:01

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