The question of capitalism’s relationship to issues of race, racism and processes of racialisation has become increasingly prominent in contemporary debates. This special issue of Historical Materialism on ‘Race and Capital’ seeks to intervene in these debates. In this Introduction, we situate the special issue within this wider political, historical and theoretical context. We begin by reconstructing some of the key tensions and fault lines within contemporary discussions of race and racism, particularly in relation to the Marxist tradition. Against those (...) who claim a primarily oppositional relationship between the Marxist tradition and anti-racist thinking, we chart a historical account of key moments in which Marxist movements and thinkers have attempted to articulate distinctively historical-materialist accounts of race and racism. We then situate the key themes of the special issue – and the various articles that compose the issue – against this background. (shrink)

This paper addresses the role of global migration and the nature of national borders within the co-constitution of class and race. We begin with Marx’s critique of the value-form – a critique that rests upon a distinction between the ‘essence’ of social reality and its immediate appearances. The paper elaborates how Marx’s understanding of the emergence of a society based upon generalised commodity production leads to a certain conception of the ‘political state’ and citizenship – and thus borders and national (...) belonging. This reveals the distinctive territorial forms of capitalism vis-à-vis those found in pre-capitalist societies, and moves us away from transhistorical conceptions of borders and the nation-state. In the second half, the paper turns to look at what this conception of borders and migration might mean concretely for how we think about the co-constitution of race and class today. Here the focus is on three crucial aspects of the contemporary world market: (1) the relationship between the cross-border movements of labour and processes of class formation, (2) migration and the determination of the value of labour-power, and (3) coercive and unfree labour. (shrink)