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Racism and the Economy: Understanding Racial Capitalism | 2024 Foundations of Racial Equity: Session 2

About Session 2

In this second session of the Foundations of Racial Equity Series, we explore racial capitalism, which describes the current economic system of extracting social and economic value from people of color. Racial capitalism is based on the theft, exclusion and exploitation of the land, labor, and capital of people of color. Philanthropy—as a social, political, and economic strategy of society’s wealthiest people, mostly white men, and institutions that “do good” while moving wealth without tax exposure— upholds racial capitalism.

The two modules of this session of Foundations of Racial Equity will explore the history of racial capitalism and philanthropy and feature funders that are exploring how to disrupt cycles of racial oppression in their grantmaking and ideas for creating liberation in our economy. These sessions will allow participants to engage with the material, reflect on their practice, and hear from peers about strategies and approaches they are initiating.

Join us to:

  • Explore the foundations of racial capitalism, its historical roots, and current implications for people of color and antidotes to racial capitalism;
  • Grapple with the role of philanthropy in upholding racial capitalism;
  • Discuss approaches and practices in disrupting racial capitalism with philanthropic peers.

Faculty

Solana Rice

Co-Founder, Co-Executive Director

Partners

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