Slavery was a fundamental feature of the capitalist mode of production from "summary" of Capitalism & Slavery by Eric Eustace Williams
Slavery, as a system, was not merely a byproduct of capitalism - rather, it was deeply intertwined with the very foundation of capitalist mode of production. The development of capitalism was inextricably linked to the exploitation of enslaved labor. It was the exploitation of enslaved labor that provided the economic foundation upon which capitalism thrived and expanded. The profitability of slavery was a driving force behind the growth of capitalism. Enslaved labor was crucial in the production of goods that fueled the emerging capitalist economy. The cheap labor provided by slavery allowed for increased production and higher profits. This economic model, based on the exploitation of enslaved labor, was essential to the success of capitalism. Slavery, therefore, was not a peripheral or incidental aspect of capitalism - it was central to its functioning. The accumulation of wealth and the expansion of capitalism were made possible through the exploitation of enslaved labor. The profits generated from slavery were reinvested into the capitalist economy, fueling further growth and development. The relationship between slavery and capitalism was not one of separate entities coexisting, but rather one of interdependence. The two were deeply intertwined, with slavery serving as a fundamental feature of the capitalist mode of production. The economic success of capitalism was predicated on the exploitation of enslaved labor, making slavery an essential component of the capitalist system.
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