In recent years, “racial capitalism” has attracted not only sustained theoretical attention, but it has also become an important reference point for radical social movements such as the Movement for Black Lives. In this panel we would like to discuss some of the central issues the turn to “racial capitalism” raises: If capitalism is necessarily racist, what makes it so? If race and gender are not accidental to, but constitutive of capitalism, how can the relation between class, race and gender be conceptualized in ways that also track their realignment in the current constellation? If, in the framework of racial capitalism, race is not primarily an identity but a structure of power, how does this impact our analysis both of capitalism and the movements that struggle against oppression and exploitation? And if the universal proletariat can no longer serve as the subject of revolutionary emancipation, what is the horizon for anti-capitalist struggles and transversal forms of solidarity today?