The New Nadir: The Contemporary Black Racial Formation

The article discusses black racial formation in contemporary times. The author states that financial global racial capitalism has brought African Americans into a state much like their situation during the period known as the Nadir (1877-1917). The author argues that this is because of the marginalization of black workers and an escalation in incarceration. As examples, the author examines the suppression of black voters in Florida during the 2000 presidential election, the catastrophe caused by Hurricane Katrina in 2005, and the housing foreclosures caused by the collapse of the subprime mortgage market in 2008.