Who Makes Cents?: A History of Capitalism Podcast

Often, analyses of the intersections between race and capitalism consider how capitalism harms dispossessed communities of color because excluding or neglecting them is profitable. But what if serving those communities could be both very profitable and very damaging to the people in them? We speak with Keeanga-Yamahtta Taylor about what she calls “predatory inclusion,” in which financial institutions and real estate interests sought to build black homeownership. In the process, they reaped tremendous profits and devastated the lives of black homeowners.

We’ve all heard the statistics regarding Americans and fast food. According to the National Health and Nutrition Survey, one third of Americans consumed fast food on any given day. Prior to the coronavirus pandemic, the fast food industry employed nearly 3.8 million Americans, many in minimum wage jobs. Not everyone has the same relationship with fast food. In this episode, we speak with Marcia Chatelain about the dramatic impact one fast food company, McDonald’s, has had on black communities and black politics over the last half century. In doing so, she provides us with fresh insight on the relationship between fast food, race, and American capitalism.

Marcia Chatelain is a Provost’s Distinguished Associate Professor of history and African American studies at Georgetown University. She is the author of Franchise: The Golden Arches in Black America.

It is common these days to bemoan the amount of personal information companies like Amazon, Facebook, and other modern telecommunications goliaths collect about us. For many, this invasion of privacy exists as a necessary consequence of our growing dependence on the internet. With every click of the mouse—making it possible to have products manufactured half-way around the world delivered to our doorstep—there is a reluctant awareness of the risk that our private lives might be made public.

That sense of the potential of our private lives being made public is all the more real when we acknowledge the human beings at the center of these information networks. Our modern service economy relies on people whose jobs involve an intimate awareness of our daily lives—the Amazon delivery person who brings us toilet paper, the barista who procures for us our morning coffee and knows whether we prefer cream or almond milk; the data analyst who knows what new titillating show we’re watching and uses that information to sell us on the latest product. Our desire for on-demand services is satisfied through these people having access to information about us, all the more so amid the ongoing pandemic. Katie Hindmarch-Watson has spent many years thinking about the human labor involved in making a service economy. In Serving a Wired World: London's Telecommunication Workers and the Making of an Information Capital, she shows how concerns about privacy and information were at the center Victorian-era London’s telecommunications industry centered around the telegraph and telephone: the internet of its day. In doing so, she takes us on a journey involving telegraph boys ensnared in homosexual scandal and wicked telephone girls suspected of interrupting connections, all the while revealing the intimate and bodied labor that made (an) information capital.

Thanks to the work of activists and intellectuals like Ta-Nehisi Coates and Jamelle Bouie, Black peoples’ demand for reparations have garnered growing attention among politicians, business leaders, university officials, and journalists. For those that argue that reparations are not possible or that too much time has passed, today’s guest has an important story to tell about a formerly enslaved woman named Henrietta Wood who sued for restitution in 1870 and won; paid $2,500, what is likely the largest sum ever awarded by a court in the United States in restitution for slavery. Wood’s story, which crosses multiple boundaries between lower and upper South, the antebellum and postbellum period, blurring the distinctions between, offers us valuable lessons about the history of slavery and freedom, and the lengths that different people went to in order to achieve both. More importantly, Henrietta Wood raises the question once again on people’s lips: what is owed to the formerly enslaved and their descendants? And demonstrates that such restitution is long overdue.

The history of globalization is one that has often been told as a story of elites. There are a number of truths to this narrative. Yet, as Casey Lurtz shows, it also ignores some things. In From the Grounds Up: Building an Export Economy in Southern Mexico, Lurtz tells the history of how a border region, the Soconusco, became Mexico’s leading coffee exporter. She does so not by focusing on the Mexican politicians and foreign capitalists who came to the Soconusco with dreams of grandeur. Rather, as the title suggest, Lurtz digs below the surface of these visions to reveal the role played by local people in the dual projects of economic liberalism and globalization.