The neo-feudalist economy caused by unchecked, unregulated capitalism that turned at best a winking nod to social welfare, more often a blind eye, and at worst a joyous ax, has facilitated a nationalist, authoritarian rise in pitch, and an abrupt shift right in federal ideology. Donald Trump is both the drooping wilted leaf of this societal rot, and the root. But why?

Human life in the US has no inherent worth. We are not valued beyond the revenue we can generate for the white men who do not need it. Think of how we talk about our own people in a professional setting: Human resources. Human capital. Taxpayer base. These are ways of talking about people that reduce them to streams of income. Think of all the things life offers beyond revenue: love. progress. art. invention. community. health. knowledge. We do not value these things at the institutional level, in fact, we actively curtail them all. But that’s only one piece of the inextricable puzzle.

Additionally, this country was founded with two original sins baked in: Genocidal concentration of its indigenous people, and mass enslavement of the African race. These sins were never reckoned, and they continue to manifest themselves in a litany of ugly and tragic ways. You’ve no doubt read about them by now, but in case you’d like a tweet-length summary, we’ll call it: systemic dehumanization and oppression of all people who are not white.

So that’s how we got here: People can’t afford to live. We’re jailing babies in cages. Kids are being shot up in schools. We’re deporting people seeking asylum. Flint doesn’t have clean water. Puerto Rico is a mess. We’re attacking women online and assaulting them in the streets. All given the tacit, or even enthusiastic, approval by a fascist authoritarian apex predator who has free reign to indulge his darkest impulses. Yet make no mistake: Authoritarianism is not the cause … it is a symptom of a deeper, underlying sickness. Civilization is a thin veneer. As civilization crumbles (as it is assuredly doing now), it emboldens and empowers monsters like these.

When a nation fails, the out-groups are often the first to hear its roar, and the first to feel its rage. So you can see it now. The only way out is through.

Source: The Republic Has Fallen – John Gorman – Medium

There is something dangerous about a commitment to funding education, but it has nothing to do with reducing it’s value by making it widely available. Rather as Noam Chomsky has argued, a commitment to funding education and social services is dangerous because it means promoting the value that we care about each other. If neoliberalism is ‘lovelessness as policy’ (Naomi Klein), then any challenge in the form of a social commitment to the least well off is the truly radical alternative to our current system. In an argument for publicly funding higher education, Dr. Tressie McMillan Cottom argues, “It reintroduces the concept of public good to higher education discourse-a concept that fifty years of individuation, efficiency fetishes, and a rightward drift in politics have nearly pummeled out of higher education altogether. We no longer have a way to talk about public education as a collective good because even we defenders have adopted the language of competition.”

How would human capital theory put a value on vastly underpaid care labor that is essential to the functioning of the economy, or all of the unpaid work without which society would not function? In her conceptual critique of Becker’s human capital theory, Antonia Kupfer argues that schools do not simply produce human capital in a linear relation because unpaid work is “a precondition of education taking place.” Most of the work that goes into getting a child ready to attend school and to support them throughout their educational careers is unpaid and not counted as productive uses of human capital: from giving birth, to feeding children, washing their clothes, and getting them to school, the feminized work that readies children for education is truly massive. Kupfer asks, “How could ‘productivity’ be measured in the increasing service sector such as care of elderly, counseling or management? In fact, productivity is highly culturally conceptualized and impacted.”

According to Kupfer, the human capital “concept abolishes the difference between labour and capital by conceptualizing all people as capitalists through their capitalized work force.” The idea of human capital seems to democratize potential, when in fact financial capital is increasingly concentrated in the hands of a few people. Piketty outright rejects the idea of human capital because “human capital cannot be owned by another person or traded on a market (not permanently, at any rate)… In slave societies, of course, this is obviously not true.” (p. 46) If human capital theory was at some point during the mid 20th century kept in balance by a growing international commitment to human rights, Maren Elfert argues that it has “come out of equilibrium when neoliberal conservative governments came into power in the late 1970s which put the human capital approach at the service of an excessive market ideology, under which profit considerations dominated.”

Like so much of our lives under late capitalism, education has been subjected to an “excessive market ideology” for at least the last 50 years. Under human capital theory,“the role of the state could be limited to improving educational standards, expanding access to higher education, and creating flexible job markets that reward talent, ambition, and enterprise.”8 If we want to get to the root causes of why the education system is broken and what can be done to fix it, we need to free ourselves from the ideology that makes Caplan’s calculations all but inevitable.

Source: Why we shouldn’t let economists play with education – Long View on Education

What bearing does this have on institutional racism and its causes? The neo-colonial economic model is about coercing labor apart from whatever racial and / or national animosity might exist. American industries could have offered market wages to the Mexican peasants that NAFTA targeted until they agreed to work for them- this is the way that labor ‘markets’ work. But instead they chose to ‘free’ several million people from subsistence economies to compete with previously displaced Mexican labor and American industrial workers with the result that wages were lowered all around.

As uncompensated labor, slavery reduces employment and wages for the non-chattel working class. Without slavery, plantations and factories hire labor and pay it the prevailing wage. But doing so reduces profits. Then consider: this dynamic places the working class in direct competition with more deeply exploited classes, be they slaves, descendants of slaves or displaced peasants. This economic relationship of competition is (1) imposed from above and (2) socially divisive by being economically divisive.

From slavery through convict leasing, Jim Crow and the New Jim Crow, the economic lots of American blacks were never left to market forces. Each of these institutions were used to expropriate the product of black labor outside of market forces. And this racialized economic ‘management’ impacted labor markets more broadly through controlling the supply of labor. What this means is that ‘management’ of black labor was to manage the supply, and with it the price, of the entire working class, not just blacks.

In human terms, unless the source of this systematic exploitation is made visible, the class dynamic that it establishes is to make the most deeply exploited the most blameworthy. Slaves, descendants of slaves and displaced immigrants were never the creators of the circumstances of their exploitation. The fallacy of ‘takers’ that unites white racist chatter confuses state strategies to maintain relative class positions for employers with the power to expropriate social resources. The class that largely controls economic outcomes remains well-hidden in this ruse.

Source: Why Capitalism Creates Racism | naked capitalism