We use the framework of ‘racial capitalism’ to understand the modern system of capitalism as already infused with racism when emerging from Western feudal society. Racial capitalism is grounded in the stealing and exploitation of land and human labour, particularly of Black Indigenous peoples from the African continent. This concept was first theorised in the context of South Africa, and made more widespread by Cedric Robinson’s Black Marxism (1983). Racial capitalism in so-called Australia is not only founded on an ongoing project of settler colonialism and Indigenous genocide, but also, the settler government’s imperialist and neocolonial projects target other Indigenous peoples across the seas, causing immense social, economic and environmental disaster.