Raced Markets: An Introduction

The central consensus among the scholars and activists who came together for the first Raced Markets Workshop in December 2015 was that ‘race’ may have begun as fiction, an invention of Europeans in the service of colonisation, however, the fiction of race became material over time, reproduced in relation to the manifold raced markets of the global political economy. Since that original workshop, and against a consolidated neoliberal capitalist context, the political rise of fascistic movements has intensified across the globe. Our collective provocation here is that this current conjuncture cannot be explained with reference to the exceptional intrusion of racism, nor the epiphenomenal status of race in relation to political economy. Instead we attend to how race functions in structural and agential ways, integrally reproducing raced markets and social conditions. Our Introduction opens this conversation for New Political Economy readers, positioning neoliberalism and the current conjuncture as the present political economic moment to be understood through a raced market frame of analysis. Our hope is that this special issue will be read as a timely intervention, referencing a long tradition of (often marginalised) thought which attends to race as productive and material, rather than confined to the ideological realm.