Capitalism is racist, according to #BlackLivesMatter co-founder Alicia Garza.
“Is capitalism bad for blacks? Yes,” she told a crowd of over 500 at the University of Maryland on Tuesday.
“Black folks were the first currency in this country,” Garza continued in response to a question asked by Campus Reform. “When you have a system that’s built off buying and selling human beings, and forcing through violence… those human beings to provide free labor that generates a lot of wealth, not just for people but for entire nations, and then locks [them] out of access to basic human needs… there’s something very wrong with that system.”
But she’s conflating “crony capitalism” pioneered by the megabanks funding the #BlackLivesMatter movement with free-market capitalism which practically no longer exists.
Free-market capitalism is based on a voluntary exchange of goods and services which by its very definition is incompatible with slavery.
“Trade, or exchange, is engaged in precisely because both parties benefit; if they did not expect to gain, they would not agree to the exchange,” Austrian economist Murray Rothbard once wrote. “This simple reasoning refutes the argument against free trade typical of the ‘mercantilist’ period of sixteenth-to eighteenth-century Europe and classically expounded by the famed sixteenth-century French essayist Montaigne.”
“The mercantilists argued that in any trade, one party can benefit only at the expense of the other — that in every transaction there is a winner and a loser, an ‘exploiter’ and an ‘exploited.’ We can immediately see the fallacy in this still-popular viewpoint: the willingness and even eagerness to trade means that both parties benefit.”
“In modern game-theory jargon, trade is a win-win situation, a ‘positive-sum’ rather than a ‘zero-sum’ or ‘negative-sum’ game,” Rothboard added.
Crony capitalism, on the other hand, routinely abuses human rights because it’s not really capitalism at all but rather fabian socialism with a veneer of capitalism used to transfer wealth from impoverished Americans to the international megabanks that run the world.
And it’s no coincidence that the rise of human trafficking coincided with the rise of central banks, such as the Bank of England, the Federal Reserve System and the International Monetary Fund.
“There are more people enslaved today than at any point in human history,” states a brochure handed out by the anti-trafficking group Human 2020. “Modern slavery globally has become a $150 billion a year business with an estimated $99 billion generated annually from commercial sexual exploitation and $51 billion from forced economic exploitation.”
For example, the Trans-Pacific Partnership spearheaded by the megabanks and the Obama administration benefits from human trafficking.
Obama had even removed an anti-slavery provision from the TPP which would have prevented countries that engage in slavery from being part of major trade deals with the U.S.