10 Quotes by Jackie Wang about capitalism
- Author Jackie Wang
-
Quote
As Iyko Day notes, Native dispossession occurs through the expropriation of land, while black dispossession is characterized by enslavement and bodily dispossession. (pg. 116)
- Tags
- Share
- Author Jackie Wang
-
Quote
But what exactly is primitive accumulation? It entails the creation of a labor market and a system of private property achieved through the violent process of dispossessing people of their land and ways of life so that they can be converted into workers for capitalists. (pg. 102)
- Tags
- Share
- Author Jackie Wang
-
Quote
The financialization of municipalities, the loss of key tax revenue streams, deindustrialization, and capital flight are the causes of the fiscal crisis—not reckless public spending. (pg. 153)
- Tags
- Share
- Author Jackie Wang
-
Quote
Increasingly, municipalities (and companies contracted by municipalities) are behaving like businesses, viewing residents as potential sources of revenue, as well as viewing the generation of revenue via fines as a form of productivity. (pg. 156)
- Tags
- Share
- Author Jackie Wang
-
Quote
However, to maintain a good credit rating during periods when revenue is lagging, municipalities must fuck over residents by implementing austerity measures such as firing public employees, cutting pension funds and health-care benefits, weakening the power of labor unions, cutting the education budget, and so forth. (pg. 175)
- Tags
- Share
- Author Jackie Wang
-
Quote
In April 2014 a settlement agreement was reached in court, and Detroit had to pay $85 million to USB AG and Bank of America Corporation to terminate the swaps. The use of variable-rate instruments, such as swaps, to finance debt was the single "biggest contributing factor to the increase in Detroit's legacy expenses." (pg. 169)
- Tags
- Share
- Author Jackie Wang
-
Quote
The conversion of poverty into a personal moral failure was intimately tied to the construction of black Americans as disposable and subject to mass incarceration. (pg. 85)
- Tags
- Share
- Author Jackie Wang
-
Quote
As the U.S. deindustrialized and the welfare state was gutted (a process that started in the 1970s), the solution to the problem of what to do with the unemployed people who had migrated to cities to become industrial workers—as well as the mentally ill people housed in hospitals that were shutting down en masse—was racialized mass incarceration. (pg. 56)
- Tags
- Share
- Author Jackie Wang
-
Quote
This evolution in the social function of the state from provider of social services to provider of security also represented an evolution in how racialized populations in the United States would be manged. The project of dismantling the welfare state gained legitimacy through the association of social entitlements with blackness.
- Tags
- Share