Capitalism and slavery were intertwined systems of oppression from "summary" of Capitalism & Slavery by Eric Eustace Williams
Eric Eustace Williams argues that capitalism and slavery were not separate entities, but rather interdependent systems that worked in tandem to oppress individuals. The economic success of capitalism was built upon the exploitation of enslaved people who were forced to work under brutal conditions. The profits generated from the labor of these enslaved individuals fueled the growth of capitalism, creating a cycle of oppression that was difficult to break. Slavery provided the necessary labor force to extract resources and produce goods that were essential for the development of capitalist economies. The forced labor of enslaved people was a crucial component of the capitalist system, as it allowed for cheap production and increased profits for slave owners and capitalists alike. The wealth accumulated from this exploitation was used to further strengthen the capitalist system, creating a self-perpetuating cycle of oppression. Moreover, the institution of slavery was not only an economic system but also a social and political one that reinforced the power dynamics of capitalism. Enslaved individuals were stripped of their humanity and treated as property, further entrenching their position of subjugation within society. This dehumanization of enslaved people served to justify their exploitation and perpetuate the oppressive system of slavery. Williams argues that capitalism and slavery were deeply intertwined systems of oppression that were mutually reinforcing. The success of capitalism was dependent on the exploitation of enslaved individuals, while the institution of slavery was sustained by the economic benefits it provided to capitalist societies. This interconnected relationship between capitalism and slavery highlights the complex and insidious nature of oppression that existed during this period in history.
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