

Malcolm Foley: How the Love of Money is the Root of Racism
19 snips Mar 4, 2025
Malcolm Foley, a pastor and historian serving as a special adviser at Baylor University, discusses a provocative view of racism as rooted in greed rather than hate. He explores how economic motivations shaped racial systems, especially during periods like chattel slavery. Foley emphasizes the need for financial morality in faith and advocates for economic justice, urging listeners to act with love and obligation towards the marginalized. His insights challenge the notion of racial capitalism and call for a redefined spiritual engagement with societal issues.
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Greed, Not Hate, Drives Racism
- Racism is not about hate but about greed and the desire for power and money.
- Racial ideology serves to justify violence and exploitation tied to economic interests.
Racialized Capitalism Explains Inequality
- The political economy in the U.S. is racial capitalism intertwining race and economic exploitation.
- Race categories justify unequal power and resources by making some people exploitable.
Church Fathers on Mammon and Love
- Church fathers emphasize care for the poor and critique mammon as an enemy.
- True love involves sharing wealth, not hoarding it, as shown in the story of the rich young ruler.