The Election Of Obama Into The Highest Political Office

The election of Obama into the highest political office may have created a great euphoria that the United States had moved past the racism that weighed heavily on the country’s history. Today, after the end of his two-term presidency, it is clear that this elation was substantially unfounded as racism is still an adverse reality that confronts minority groups in the society. The disenfranchisement of racial minorities in the United States is traceable to the onset of the institution of slavery, and its alleviation remains elusive to date particularly because of capitalism. The purpose of this essay is to demonstrate that capitalism is inherently a turbine that constantly produces and strengthens inequalities while finding pretexts to†¦show more content†¦Capitalism refers to an economic system whereby ownership of as well as investment in the means of production is made by private corporations or individuals to whom wealth accrues since they own the means of producti on. Society morphed from the feudal system to a bourgeois one that did not eliminate class antagonisms (Marx and Engels para 8). Instead, â€Å"it has but established new classes, new conditions of oppression, new forms of struggle in place of the old ones† (Marx and Engels para 9). At best, the capitalist society that emerged in place of the feudal system merely served to abridge class antagonism by erasing multiple hierarchical classes and replacing them with two classes, the proletariats and the bourgeoisie (Marx and Engels para 10). The bourgeoisie refers to the wealthy class who own the means of production and can, therefore, accumulate incremental wealth by subjecting the proletariat into endless labor. On their part, the proletariat does not own the means of production and are forced to sell their labor cheaply to earn a living, ultimately sustaining the capitalist machinery. As mentioned, there is an intimate relationship between capitalism and racism. The basis for this postulation is the fact that capitalism as an economic ideology inevitably causes an exponential level of racial disparities. By its nature, capitalism favors the bourgeoisie over the proletariat (Marx and Engel 14) whoShow MoreRelatedPresident Obama s President Of The United States1500 Words   |  6 Pages In 1789, America saw the election of its first President, a man whom Americans could finally claim as their own after years of oppression by Great Britain, George Washington. The election of Washington symbolized the end of a period of confusion for America and the beginning of an unofficial precedent for the next 220 years. After Washington’s term ended, forty-two Caucasian males held the title of the President of the United States of America until January 20, 2009. 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