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 proposes a five-part empirical typology of interconnections of race and class. We describe the mechanisms whereby (1) race is a form of class relation; (2) race relations and class relations reciprocally affect each other; (3) race acts as a sorting mechanism into class locations; (4) race acts as a mediating linkage to class locations; and (5) race interacts with class in determining other outcomes. Rather than insisting on one or another mechanism as the overarching framework for conceptualising the (...) interconnections between race and class, we propose a theoretical integration of all five within a functionalist model. The model reconciles the empirical effects of race variables with a class-functionalist explanation of race. Our typology of interconnections is useful for situating concrete empirical phenomena, and our theoretical integration of those interconnections offers a coherent explanatory system that captures the recursive causality of race and class. (shrink)