In the literature on music, capitalism, and value, recent studies address musicians’ labor conditions under neoliberalism and their struggles for economic justice. The presenters in this roundtable propose that greater attention must be paid to the material conditions of musicians’ lives, including the money they (don’t) make, funding structures, and their racialized lived experience. Participants argue that focusing on materiality exposes how musicians are (de)valued not only in economic terms, but also in other value regimes. Presenter 1 explores how jazz musicians in a flown-over midwest city confront racial and economic injustices by defining alternative value systems under capitalist constraints. Presenter 2 considers how professional artists in the Tuareg guitar scene navigate their material needs, global and northwest African racial structures, and tensions between state patronage and surveillance. Presenter 3 interrogates the rise, fall, and shift in post-2020 American politics from racial justice to anti-DEI as a distinct era of new racial capitalism and argues that a “radical revolution of values” in music and elsewhere is needed now more than ever amidst a rapidly collapsing republic. Presenter 4 examines the cultural production of archival value in postcolonial Java, focusing on changing labor conditions in audiovisual archives and the commodification of music made by Chinese Indonesian jazz musicians. These varied case studies should open a discussion on capitalism’s global reach, musicians’ creative tactics to negotiate it, future directions for scholarship on music, value, and racial capitalism, and how this work can inform ethnomusicologists’ research, art, and labor practices.