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Silicon Valley’s History of Fumbles with Capitalism

Notes from America with Kai Wright

CHAPTER

California's Transformation into a Center of World Capitalism

This chapter explores the historical context of California's transformation into a center of world capitalism, from the consolidation of excessive wealth during the gold rush to the influx of labor and struggles over racial hierarchies. It discusses the creation of a new capitalist class, the restrictions on Asian land ownership, and the ongoing struggles over access to privileges associated with whiteness.

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