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.
As we walked, I began to wonder what the opposite of molting was and why, unlike the body, which sheds everything, the soul cannot let go but compiles and accumulates, growing annual rings around the things it wants and dreams and remembers
I know the place. It is true. Everything we do Corrects the space Between death and me And you.
This is one of their [the Christians'] rules. Let no man that is learned, wise, or prudent come among us: but if they be unlearned, or a child, or an idiot, let him freely come. So they openly declare that none but the ignorant, and those devoid of understanding, slaves, women, and children, are fit disciples for the God they worship.
People must not be forced to adopt me as their favourite author, even for their own good.
In this life struggle, here I am among you fully cognizant that a true believer has no fear of what God has ordained for him. Those who are visited by fear live only for their present, under the illusion that the world began with them and will end with their departure.
The covenant of your servanthood is that you be a servant to God, not to someone else, and that you know that everything except God is a servant to God, as He Most High has said, "There is none in the heaven and the earth but cometh unto the Compassionate as a servant."
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