No, slavery didn't create capitalism

The point is that the only way to fully reject racism and the legacy of slavery is to reject American capitalism. QED.

This is poisonous dreck.

Slavery has been a fact of human existence throughout recorded history. Why did it suddenly create capitalism a couple of centuries ago in a few select places, namely the Netherlands, Britain, and the American colonies? Why didn’t the Romans create it? The Vikings? The Spanish? …

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If slavery was the basis of capitalism, one wonders, why did the capitalist North dare wage a war to destroy the seedbed of its own prosperity? Why didn’t the region that was the great source of capitalism win the war based on its superior economic wherewithal rather than getting ground down by a more financially proficient and productive North? Finally, how did American capitalism survive the end of chattel slavery?

[It’s nonsense on stilts. The Southern economy was mainly feudal, not capitalist. The lords-and-serfs model got *succeeded* by capitalism in the British system (even if class never fully faded away), a process started by Henry VIII and eventually hastened by the Industrial Revolution. Tellingly, here in the US the Industrial Revolution was embraced far more enthusiastically in the North than in the South, where the lords preferred to rely on the feudal system they created … as well as the industrial version of slavery they embraced, which was different from earlier forms of slavery, and a point often overlooked in such comparisons. — Ed]

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