It is this third consequence that has been elaborated in greatest detail and has formed one of the most significant pillars of historical capitalism, institutional racism.
Interpretation
This quote discusses how institutional racism has been a significant aspect of historical capitalism.
Immanuel Wallerstein highlights the intertwined relationship between capitalism and institutional racism, suggesting that the origins and development of capitalist systems have been closely linked to racial structures and inequalities. This relationship points to a deeper understanding of how economic systems can perpetuate social injustices and how these injustices are embedded within the institutions that support capitalism.
In practice
In a discussion on economic systems at a university seminar.
If we return to the two faces of individualism - individualism as the spur of energy, initiative, and imagination; and individualism as the limitless struggle of all against all - it can be seen how the two practices emerge from and limit the extend of the disequilibrating impact of the contradiction involved in the geocultural agenda.
Scientific culture created a framework within which individual mobility was possible without threatening hierarchical work-force allocation. On the contrary, meritocracy reinforced hierarchy. Finally, meritocracy as an operation and scientific culture as an ideology created veils that hindered perception of the underlying operations of historical capitalism.
The break from the supposedly culturally-narrow religious bases of knowledge in favor of supposedly trans-cultural scientific bases of knowledge served as the self-justification of a particularly pernicious form of cultural imperialism.
This is a steady, ceaseless process, impossible to contain as long as the economy driven by the endless accumulation of capital. The system may prolong its life by slowing down some of the activities which are wearing it out, but death always looms somewhere on the horizon.
What is different in capitalist civilization has been two things. First, the process of meritocracy has been proclaimed as an official virtue instead of being merely a de facto reality. The culture has been different. And secondly, the percentage of the world's population for whom such ascent was possible has gone up. But even though it has grown up, meritocratic ascent remains very much the attribute of a minority.
Historical capitalism is a materialist civilization.
My mind may be American but my heart is British.
The ultimate goal of farming is not the growing of crops, but the cultivation and perfection of human beings.
The older I get the more I'm convinced that it's the purpose of politicians and journalists to say the world is very simple, whereas it's the purpose of historians to say, 'No! It's very complicated.' _x000D_ _x000D_ The job of the historian is to help give people a sense of existence in time, without which we are really not fully human.
And I could weep at how mean people are and how they betray their fellow creatures, perhaps for the sake of personal advantage. It is enough to make a person lose heart sometimes. I often wish I lived on a Robinson Crusoe island.
Standards are always out of date. That's what makes them standards.
I myself feel that our country, for whose Constitution I fought in a just war, might as well have been invaded by Martians and body snatchers. Sometimes I wish it had been. What has happened, though, is that it has been taken over by means of the sleaziest, low-comedy, Keystone Cops-style coup d'etat imaginable.
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