[...] markets do not simply dissolve status distinctions; rather, they instrumentalize them, bending pre-existing patterns of cultural value to capitalist purposes. For example, racial hierarchies that long predated capitalism were not abolished with the dismantling of New World slavery or even of Jim Crow, but reconfigured to suit a market society. No longer explicitly codified in law, and no longer socially legitimate, racist norms have been wired into the infrastructure of capitalist labor markets. Thus, the net result of marketization is the modernization, not supersession, of status subordination.