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>If slavery was a disaster for the US, the US wouldn't have become an economic giant during slavery Nope, I said it was a disaster for progress. That doesn't p
by 0xy 6y ago
>If slavery was a disaster for the US, the US wouldn't have become an economic giant during slavery
Nope, I said it was a disaster for progress. That doesn't preclude it from becoming an economic giant. My claim is that slavery held back US progress to a large margin. This does not mean the US did not progress at all. That's a strawman.
>human labor was cheaper and more efficient
It was cheaper, but it caused investments in automation to not take place. Automation is orders of magnitude more efficient.
>So without the excesss capital from slavery, there is no investment towards automation.
This doesn't explain how progress is made today without the need for slavery, even in loss-making industries.
>Slavery was a major source of excess capital
This doesn't disprove my point, at all. My claim is that automation produces orders of magnitude more capital.