Summary: A reframing of the concept of racism, not as hatred on the basis of skin color, but as greed.
Racial capitalism is a concept that I have been aware of, but not dived deeply into. I read part of Asian Americans and the Spirit of Racial Capitalism by Jonathan Tran but put it aside when I had some other pressing things and never came back to it. I think, in part, I set it aside because I needed to grapple with some other things first. I have followed Malcolm Foley on social media (and his podcast) for a while. I have observed him from a distance coming across the concept of racial capitalism and how that shifted some of his language around racism. I pre-ordered The Anti-Greed Gospel a while ago precisely because I thought he could introduce the topic in a way that I could understand.
About a week before the book was released, Netgalley emailed and offered me an advance digital copy for review. The Anti-Greed Gospel fairly short. I read a chapter or so before bed and finished it in five days. (There are 8 chapters and the main text is about 165 pages. I had 55 highlights in my copy which you can see here.)
As I was reading I kept thinking that in some ways Critical Race Theory is centering how legal structures were the primary tool of racism while Racial Capitalism centered out greed and capitalism were the primary tool of racism. But that is both too simple and not nuanced enough. It is pretty well known that legal structures were essential to creating the concept of race. Race as we understand the modern category did not exist before the enlightenment when categorization became a mainstream tool of not just science, but also of economics and other areas of academics and culture. That is, of course, not to say that no one recognized that there were different skin colors, but to say that phenotypical skin color was not determinative of worth, value or identity in the way that scientific racism developed from the 18th to the 20th century.