Capitalism necessitated the exploitation of enslaved labor from "summary" of Capitalism & Slavery by Eric Eustace Williams
Eric Eustace Williams, in his influential work "Capitalism & Slavery," presents a compelling argument that capitalism, as an economic system, inherently requires the exploitation of enslaved labor. Williams contends that the emergence and development of capitalism in the Western world were deeply intertwined with the institution of slavery.
The profitability of the plantation system in the Americas, particularly in the Caribbean and the southern United States, was heavily reliant on the use of enslaved African labor. The exploitation of enslaved individuals provided a cheap and abundant source of labor that was essential for the economic success of these plantations. The brutal and inhumane conditions under which enslaved individuals were forced to work allowed plantation owners to maximize their profits and accumulate wealth at an unprecedented rate.
Furthermore, Williams argues that the transatlantic slave trade was a crucial component of the capitalist system, as it facilitated the movement of enslaved individuals from Africa to the Amer...
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