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FT News Briefing cover image

Martin Wolf on democracy’s year of peril

FT News Briefing

NOTE

Racism as a Tool for Plutocracy

Racism was strategically used by the plutocracy to create an ideology that would garner the loyalty and support of poor whites, who were crucial as soldiers. By fostering an ideology where poor whites identified with the plutocracy and not with black individuals, the plutocracy could operate freely, pay minimal taxes, and secure support against universal suffrage.

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