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King believed that a multiracial working-class movement was required to overcome the failings of capitalism.

by Matthew Miles Goodrich, In These Times

In 1952 a 23-year-old Martin Luther King Jr. wrote a love letter to Coretta Scott. Along with coos of affection and apologies for his hasty handwriting, he described his feelings not just toward his future wife, but also toward America’s economic system. ​“I am much more socialistic in my economic theory than capitalistic,” he admitted to his then-girlfriend, concluding that ​“capitalism has outlived its usefulness.”

King composed these words as a grad student on the tail end of his first year at the Boston University School of Theology. And far from representing just the utopianism of youth, the views expressed in the letter would go on to inform King’s economic vision throughout his life.

martin luther king jr addresses a giantic crowd

As Americans honor King on his birthday, it is important to remember that the civil rights icon was also a democratic socialist, committed to building a broad movement to overcome the failings of capitalism and achieve both racial and economic equality for all people.

Capitalism ​“has brought about a system that takes necessities from the masses to give luxuries to the classes,” King wrote in his 1952 letter to Scott. He would echo the sentiment 15 years later in his last book, Where Do We Go From Here: Chaos or Community?: ​“Capitalism has often left a gap of superfluous wealth and abject poverty [and] has created conditions permitting necessities to be taken from the many to give luxuries to the few.”

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Racial Justice and Civil Rights