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. ...Similar Posts
Love and compassion drive social change
Love and compassion are often viewed as personal emotions, confined to the realm of individual relationships. However, these qu...
Social movements challenged the status quo
Social movements throughout American history have played a crucial role in challenging the existing social, political, and econ...
The commodification of human beings fueled the capitalist economy
The transformation of human beings into commodities was a fundamental aspect of the development of the capitalist economy. By t...
Slavery provided cheap labor for European capitalists
Slavery, as an institution, played a fundamental role in the development of capitalism in Europe. The exploitation of enslaved ...