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The world-system is a feature of imperialism and capitalism by which the core extracts and accumulates capital from the lands and labor of the periphery, or the Third World. Europe thereby is a creation of the Third World in that development in the core is a consequence of underdevelopment in the periphery. Racial capitalism features the racial division of labor of Africans, American Indians, Asians (and Pacific Islanders), and Latinxs.

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