Slavery was a key component of the capitalist system from "summary" of Capitalism & Slavery by Eric Eustace Williams
Eric Eustace Williams, in his seminal work 'Capitalism & Slavery', argues that the institution of slavery played a fundamental role in the development of the capitalist system. He posits that the profits generated from the exploitation of enslaved labor were instrumental in fueling the growth of capitalism in the Western world. Williams highlights how the transatlantic slave trade created a massive influx of wealth that was crucial in financing industrialization and economic expansion in Europe and the Americas. The forced labor of enslaved individuals provided a cheap and abundant source of labor that allowed capitalist enterprises to maximize profits and drive economic growth. Furt...
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