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You also need capital to start new plantations. Which, in turn, also generates lots of capital that people are going to want to invest thus leading to bigger an
by aflag 7y ago
You also need capital to start new plantations. Which, in turn, also generates lots of capital that people are going to want to invest thus leading to bigger and more plantations.
Industrialism did make slavery obsolete and, where still needed, easy to offshore. Which I think is what described ended slavery in the US
- manfredo 7y agoNo, you don't need capital to start plantations. You just need land and labor. People were running farms and plantations thousands of years before coinage was invented. Plantation owners are capitalists in the same vein that Romans were capitalists when they conquered neighbors and cultivated this newly annexed land. This is perhaps correct in a very abstract sense of capitalism, but it is an alternative definition that is not shared by most people and most people will say you are wrong if you try to claim that this is capitalism.