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Prior to Keynes, the US built it's wealth on slave labor. The cost for human rights is high.
by nouveaux 6y ago
Prior to Keynes, the US built it's wealth on slave labor. The cost for human rights is high.
- cltby 6y agoThere is a strong consensus among economic historians that slavery didn't move the needle that much. Cotton production was perhaps 5% of GDP. The slave stock constituted perhaps 15% of national wealth. https://sci-hub.tw/10.1016/j.eeh.2017.12.002 https://sci-hub.tw/10.1016/j.eeh.2017.12.002
- michaelmrose 6y agoSlavery wasn't an evenly distributed affair.