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Beyond Racial Capitalism Caroline Shenaz Hossein (Associate Professor of Global Development and Political Science, Associate Professor of Global Development and Political Science, University of Toronto)

Beyond Racial Capitalism By Caroline Shenaz Hossein (Associate Professor of Global Development and Political Science, Associate Professor of Global Development and Political Science, University of Toronto)

Summary

Knowledge-making in the field of alternative economies has limited the inclusion of Black and racialized people's experience. This book aims to close that gap in development through a detailed analysis of cases in about a dozen countries where Black people live and turn to co-operatives to manage systemic exclusion.

Beyond Racial Capitalism Summary

Beyond Racial Capitalism: Co-operatives in the African Diaspora by Caroline Shenaz Hossein (Associate Professor of Global Development and Political Science, Associate Professor of Global Development and Political Science, University of Toronto)

Knowledge-making in the field of alternative economies has limited the inclusion of Black and racialized people's experience. In Beyond Racial Capitalism the goal is close that gap in development through a detailed analysis of cases in about a dozen countries where Black people live and turn to co-operatives to manage systemic exclusion. Most cases focus on how people use group methodology for social finance. However, financing is not the sole objective for many of the Black people who engage in collective business forms; it is about the collective and the making of a Black social economy. Systemic racism and anti-Black exclusion create an environment where pooling resources, in kind and money, becomes a way to cope and to resist an oppressive system. This book examines co-operatives in the context of racial capitalism-a concept of political scientist Cedric J. Robinson's that has meaning for the African diaspora who must navigate, often secretly and in groups, the landmines in business and society. Understanding business exclusion in the various cases enables appreciation of the civic contributions carried out by excluded racial minorities. These social innovations by Black people living outside of Africa who build co-operative economies go largely unnoticed. If they are noted, they are demoted to an informal activity and rationalized as having limited potential to bring about social change. The sheer determination of Black diaspora people to organize and build co-operatives that are explicitly anti-racist and rooted in mutual aid and the collective is an important lesson in making business ethical and inclusive.

Beyond Racial Capitalism Reviews

This is an important book on an often neglected subject. The authors do an excellent job of providing hidden histories and highlighting marginalized analyses and ways of knowing. It definitely should be of interest especially to people studying cooperative economics, solidarity economics, Black political economy, community economic development, and Black Studies and settler colonialism more broadly. It also should appeal to people in finance, especially community finance and community-based asset building. While the main audience for this book is undergraduate and graduate students and academics, I am excited that it is also written quite accessibly and is reader friendly. Practitioners and community activists will be interested in this book and able to understand it - and use it. * Jessica Gordon-Nembhard, Professor of Community Justice and Social Economic Development, Department of Africana Studies at John Jay College, CUNY *
The rising interest in the concept of racial capitalism has yet to be followed by a systematic exploration of its possible operationalisation for global development studies debates. Centering forms of alternative cooperative finance and - most importantly - the experiences of Black and racialised communities across the world, this exciting book starts filling this important gap. * Alessandra Mezzadri, a feminist political economist of global development, SOAS, University of London *
The volume's broad coverage of both historical and contemporary cases showcases the ways in which Black people in the African Diaspora have imagined and sought to model various alternatives to the developmental thought and programs that racial capitalism underwrites. The data and narratives of Black social economy presented here are extraordinary. The resurgent interests on Robinson's work makes this volume a logical read and welcome addition. * H. L. T. Quan, Arizona State University *

About Caroline Shenaz Hossein (Associate Professor of Global Development and Political Science, Associate Professor of Global Development and Political Science, University of Toronto)

Caroline Shenaz Hossein holds a Canada Research Chair in Africana Development and Feminist Political Economy and is Associate Professor of Global Development and Political Science at the University of Toronto and founder of the Diverse Solidarity Economies (DiSE) Collective. She serves on the board of International Association of Feminist Economics, Guelph Institute of Development Studies, and editorial boards of the U.N. Task Force for the Social and Solidarity Economy and Kerala's Journal of Politics and Society. Follow her Twitter @carolinehossein Sharon D. Wright Austin is Professor of Political Science at the University of Florida. Her research focuses on African-American women's political behavior, African-American mayoral elections, rural African-American political activism, and African-American political behavior. Kevin Edmonds is an Assistant Professor in Caribbean Studies (teaching stream) at the University of Toronto. His work focuses on Caribbean political economy, histories of alternative/illicit development, and foreign intervention. His dissertation, Legalize it? A Comparative Study of Cannabis Economies in St. Vincent and St. Lucia, examines the historical origins as well as the cultural, political, and economic significance of the ganja (cannabis) industries of the Eastern Caribbean islands of St. Vincent and St. Lucia.

Additional information

NGR9780192868336
9780192868336
0192868330
Beyond Racial Capitalism: Co-operatives in the African Diaspora by Caroline Shenaz Hossein (Associate Professor of Global Development and Political Science, Associate Professor of Global Development and Political Science, University of Toronto)
New
Hardback
Oxford University Press
2023-03-30
272
N/A
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