Millennials Are Killing Capitalism cover image

The South African Tradition of Racial Capitalism with Zachary Levenson and Marcel Paret

Millennials Are Killing Capitalism

CHAPTER

The Role of Foreign Capital in South Africa's Mining Industry

The South African mining industry is a key source of profitability. Key to this profitability is the reproduction of cheap labor, and it's of course cheap black labor. So one way to theorize this is to think about the role of the apartheid state as sort of standing in for white capital. The policy of racial segregation cemented in the early years of 20th century created the foundations of South Africa's racial capitalism and the modern apartheid regime.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner