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.
Perhaps, after all, America never has been discovered. I myself would say that it had merely been detected.
We like to continue to believe what we have been accustomed to accept as true, and the resentment aroused when doubt is cast upon any of our assumptions leads us to seek every manner of excuse for clinging to them. The result is that most of our so-called reasoning consists in finding arguments for going on believing as we already do.
How we experience memory sometimes, it's not linear. We're not telling the stories to ourselves. We know the story; we're just seeing it in flashes overlaid.
Jesus Christ out-socialists the socialists. He says that in His Kingdom he that is greatest shall be the servant of all. The real test of the saint is not preaching the gospel, but washing disciples' feet, that is, doing the things that do not count in the actual estimate of men but count everything in the estimate of God.
For optimists, human life never needs justification, no matter how much hurt piles up, because they can always tell themselves that things will get better. For pessimists, there is no amount of happiness—should such a thing as happiness even obtain for human beings except as a misconception—that can compensate us for life’s hurt.
Few are open to conviction, but the majority of men are open to persuasion
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